Closed loop recycling
Closed loop recycled products are turned into materials that can be used to create the products they were recovered from, i.e. glass bottle to glass bottle or specialty alloy to specialty alloy recycling.
Open loop recycling
In contrast, open loop recycling, or downcycling, creates materials that are only suitable for lower value applications e.g. glass bottles used for construction aggregate and specialty alloys downcycled into bulk metals. Although this is of lower value, it avoids the use of new materials.
Commercial opportunities in the circular economy
The Waste and Resources Action Programme (WRAP) aims to accelerate the transition to a sustainable, resource-efficient economy by:
- Re-inventing how we design, produce and sell products
- Re-thinking how we use and consume products, and
- Re-defining what is possible through re-use and recycling
There are many opportunities to achieve a more circular economy with greater sector collaboration underpinned by government support to apply these 3 principles and put them into actions. In particular, three sectors can drive the biggest changes: