News & Events
Jun 03, 2022
How a Circular Market Can Move Us Toward a More Sustainable Future
With World Environment Day on the horizon, sustainability best practices are on everyone’s minds. While individual action is an important piece of the puzzle, a shift in the way our economy operates is fundamental to building a more sustainable future.
In a linear economy, natural resources are extracted, manufactured into products, consumed and then thrown away. Resources are typically thought of for one use only and are discarded after they have served their purpose. This model results in high levels of waste and consumption.
In a circular economy, products are designed to minimize waste and then be recovered, reused, recycled and reintegrated back into production. A circular economy limits the use of raw materials, extends the useful life of materials and other resources through resource recovery and minimizes waste generated at the end-of-life of products.
In Ontario, more and more people are embracing the idea of a circular economy as a means of waste reduction. The Resource Recovery and Circular Economy Act (2016), part of the Waste Free Ontario Act (2016), reinforces that commitment to resource recovery and reintroducing materials back into the economy for future use. The Act establishes an overarching provincial interest in resource recovery and waste reduction and enables the government to issue policy statements to support that interest.
Resource recovery is the extraction of useful materials or other resources from things that might otherwise go to waste through reuse, recycling, reintegration, regeneration or other activities. At ReGen Resource Recovery, resource recovery is the guiding principle of our business model – so much so that it’s two-thirds of our name.
With the advent of the EV age, Graphite, the material recovered at the ReGen Welland site, has received new life and purpose. What was once discarded and forgotten will now be used to fuel the future of transportation across North America.