Recylex finalises financing in Germany
According to the company, all requisite conditions for the financing of 67 million Euro through a consortium of German banks were satisfied.
According to the company, all requisite conditions for the financing of 67 million Euro through a consortium of German banks were satisfied.

The Guadalajara-based company Green Mind has specialised in the production of PET flakes and polypropylene granulate and uses Sesotec multi-sensor sorting systems for their processes.

At the BIR autumn congress in Amsterdam Alexandra Weibel-Natan of Manco gave at not too optimistic market report for non-ferrous metals.

The fashion industry wants to become more circular. As the report "Sorting for Circularity Europe - an evaluation and commercial assessment of textile waste across Europe" by Circle Economy, EigenDraads and Fashion for Good shows, a lot depends on the correct sorting of the material.

In mid-January, Circle Economy presented the "Circularity Gap Report 2023". The bad news: The circularity rate has fallen to 7.2 percent. The good news: According to the authors of the study, there are numerous starting points that can still lead to significant improvements.

The building sector plays an important role in climate and resource protection. In Ger-many, he faces special challenges. On the one hand, the high demand for housing must be met, and on the other hand, far-reaching renovation measures are necessary to achieve the climate targets. By 2030, total emissions must be roughly halved. According to the WWF, the circular economy is a central lever for this. The background paper "Circular Economy in the Building Sector" presents the current status. In addition, circular econo-my measures to improve the situation will be presented.

Many companies have long understood that sustainability is important for at least a not insignificant proportion of consumers. But instead of changing their own products, some companies prefer to make claims to advertise their products as "sustainable" or "green". According to the European Commission, this should now come to an end. And the Commission also takes aim at the sustainability seals.

DenisReuter (TSR Recycling), Chairman of the BIR's Steel Committee, explains that the beginning of the fourth quarter of last year continued to be marked by China's strict zero interest rate policy and the global rate hike cycle of major central banks. The global steel industry was confronted with persistently weak demand and rising production costs. Steel mill buyers lowered scrap prices, keeping prices in Europe and Turkey under pressure at the start of the quarter.

At the end of May, the Bureau of International Recycling (BIR) had invited to the conference in Amsterdam. This year, with the 75th anniversary and the election of a new president, there were many pleasing reasons to celebrate. This does little to change the fact that the overall situation of the industry and its individual divisions is less positive.

With the "Critical Raw Materials Act", the European Commission wants to improve Europe's supply of critical raw materials. A report by the University of Cambridge, CLG Europe, the Materials & Product Taskforce, the Wuppertal Institute and the "We mean business coalition" shows what this can look like in practice. The circular economy plays a central role in this.