Circular Economy
In order to reach a low carbon footprint, resource efficient and competitive economy, there is a need to transition to a more circular economy. A system where the value of products, materials and resources is maintained in the economy for as long as possible. Simultaneously, this transition will reduce the generation of waste, save energy and reduce the rate of raw materials used. This change is part of the global efforts towards sustainable development.
In order to minimize its environmental impact at the end of a product’s life, ICL has embraced the ‘Integrated Industry’ approach. According to this approach, the industrial production process should shift from a linear process, in which resources and capital pass through the production chain and eventually become waste, to a circular process where waste can serve as input for other production processes.
As ICL develops more sustainable products from varied waste streams, there are also intense efforts to integrate its own products and byproducts into circular processes. ICL’s highly-integrated value chains use advanced processes which utilize by-products and waste products to enable the cost-efficient conversion of raw materials into higher value-added products.
In its Phosphate Solutions division, ICL is working on finding new sources of phosphorus, which is a necessary mineral for healthy plants, from sources other than phosphate rock, such as ash from sewage sludge, as well as, using by products from the production process as possible viable products.
In the Industrial Products division, ICL is focused on retrieving bromine from various waste streams. Furthermore, it is reviewing how its new generation of flame retardants function as part of a circular economy.
ICL is also developing a new hydro-process for precious metals recovery, designed for the recycling industry.
As part of its sustainability vision for 2030, ICL has set a target of annually increasing by 30% (year-on-year), the total mass of waste streams re-used as part of circular economy initiatives. This KPI includes both internal reuse within ICL sites, and external re-usage of wastes by external partners. The organization has now started to measure all existing global projects- progress will be detailed in next year’s report.
ICL IP’s Circular Economy Forum
ICL-IP has created an internal ICL Circular Economy (CE) forum in order to exchange information and ideas with regards to potential projects, dialogs with customers and recycling projects. Representatives from ICL’s companies in Asia, Europe, Israel and the USA have partnered together to map Circular Economy opportunities within and outside ICL.
Joining the CR3 - Center for Resource Recovery and Recycling
As ICL expands its vision on the circular economy and resources, it is looking for relevant partnerships that can propel it forward. Therefore ICL has joined the Center for Resource Recovery and Recycling, the CR3.
The CR3 The Center for Resource Recovery and Recycling (CR3) is committed to be a cooperative research center focused on sustainable stewardship of the earth’s resources. Its focus is on helping industry to create a sustainable future. The CR3 is helping to advance technologies that recover, recycle and reuse materials throughout the manufacturing process. This creates opportunities to reduce energy costs and increase profitability, while protecting our natural resources.
Closing The Loop - An EU Action Plan for the Circular Economy
The European Commission has adopted a new policy objective which aims to achieve a sustainable, low carbon, resource efficient and competitive economy. The Circular Economy Package includes a comprehensive commitment to eco-design, the development of strategic approaches for plastics and chemicals, a major initiative to fund innovative projects under the umbrella of the EU’s Horizon 2020 research program and targeted action in areas such as plastics, food waste, construction, critical raw materials, industrial and mining waste, consumption and public procurement.
