Environmental stewardship

World Environment Day: Resycure’s Revolutionary Role in Transforming the Circular Economy

World Environment Day, celebrated on June 5th, is a global initiative that raises awareness and promotes action for environmental protection. On this significant occasion, we delve into the role of Resycure, an innovative platform developed by the impact startup within BASF‘s Venture Incubator Chemovator, in revolutionizing the circular economy. Resycure is driving sustainable practices and reshaping the way we handle plastic waste, making it easier for businesses of all sizes to secure long-term supply agreements with recyclers.  

Let’s explore how Resycure is transforming the recycling landscape and contributing to a greener future. 

Resycure introduces a game-changing solution 

At its core, Resycure simplifies and streamlines the process of establishing long-term partnerships between companies and recyclers. By connecting businesses with recyclers, Resycure ensures a consistent supply of recyclable plastics, paving the way for a circular economy. This innovative platform revolutionizes the traditional recycling model, promoting sustainability, economic growth, and environmental stewardship. 

We create a reliable supply chain 

One of the key benefits of Resycure is its ability to create a reliable supply chain for recyclable plastics. By facilitating secure and transparent agreements, Resycure enables businesses, whether small, medium, or large, to establish long-term partnerships with recyclers of all sizes. This stable supply chain eliminates uncertainties, supports circular practices, and contributes to a more sustainable future. 

Resycure fosters innovation in plastic recycling 

Resycure not only connects stakeholders but also fosters collaboration and knowledge-sharing among them. By bringing together businesses, recyclers, and industry experts, this platform stimulates innovation in the recycling sector. Through shared insights and technological advancements, Resycure is driving the development of cutting-edge recycling technologies and solutions, further enhancing the circular economy. 

We aim to reduce the environmental impact of plastic pollution 

Plastic waste poses a significant threat to our environment. However, Resycure plays a vital role in diverting plastic waste from landfills and incineration, reducing its environmental impact. By facilitating the recycling process, Resycure conserves resources, minimizes carbon emissions, and mitigates climate change. This substantial contribution aligns with the goals of World Environment Day, reinforcing the importance of sustainable practices. 

We drive economic growth

Embracing circular economy principles not only benefits the environment but also stimulates economic growth. Resycure unlocks new business opportunities and fosters sustainable economic development. By connecting companies with recyclers, this platform supports the growth of a circular economy ecosystem, where waste becomes a valuable resource and generates economic value. 

On World Environment Day, we celebrate the tireless efforts of initiatives like Resycure in revolutionizing the circular economy. Through its game-changing platform, Resycure is making it easier than ever for businesses to secure long-term supply agreements with recyclers, driving sustainable practices, and reshaping the future of plastic waste management. By creating a reliable supply chain, fostering innovation, reducing environmental impact, and driving economic growth, Resycure is a catalyst for positive change. Let’s embrace the power of innovation and collaboration to build a more sustainable world for generations to come. Together, we can create a greener, more circular future. 

A partnership between Resycure and Carbmee

Resycure and Carbmee join forces to drive sustainable practices in packaging and carbon management

Resycure and Carbmee join forces to drive sustainable practices in packaging and carbon management

A partnership between Resycure and Carbmee

We are thrilled to announce a partnership between Resycure and Carbmee, two industry-leading companies at the forefront of sustainability and carbon management. This collaboration aims to revolutionize the packaging industry by integrating innovative plastic recycling solutions with advanced carbon management technologies. The partnership between Resycure and Carbmee combines the strengths of both companies, fostering a holistic approach to sustainability. By integrating Resycure’s plastic recycling solutions with Carbmee’s cutting-edge carbon management technology, we can address two critical aspects of environmental stewardship in tandem.

About Resycure

Resycure is revolutionizing the procurement of recycled plastics, enabling businesses of all sizes to secure long-term agreements with Recyclers at fair prices. By redefining the circular economy, Resycure mitigates risk, decreases plastic waste, and helps companies in achieving their packaging recycled content and Scope 3 emissions targets. Utilizing recycled plastics is a simple, tangible step that companies can implement to significantly reduce their CO2e emissions.

About Carbmee  

Carbmee‘s Enterprise Carbon Intelligence Software (EIS) offers a comprehensive solution for value chain carbon management, with a specialization in Scope 3 emissions analysis and reduction. By going beyond reporting or offsetting, Carbmee empowers industry-leading enterprises with complex supply chains to swiftly embark on their journey toward achieving climate targets. The Carbmee platform enables companies to take actionable steps towards reducing their carbon footprint in a matter of days, not years. To discover how Carbmee’s carbon management platform can help your business, visit: www.carbmee.com 

Building a sustainable future together

Resycure’s commitment to the circular economy aligns perfectly with Carbmee’s vision for a greener future. Together with Carbmee, we aim to create a paradigm shift in the packaging industry, where sustainable practices and carbon reduction strategies are seamlessly integrated. By streamlining the entire value chain, from plastic recycling to carbon management, we will empower businesses to embrace sustainability at every stage of their operations.

Stay tuned for exciting developments as we collaborate to accelerate the transition to the circular economy and empower businesses to take proactive steps towards their sustainability goals. Together, Resycure and Carbmee are driving sustainable innovation, one plastic recycling initiative and carbon reduction strategy at a time.

Together, we will pave the way for a more sustainable future by empowering businesses to make tangible and immediate contributions to global carbon reduction goals. Our partnership is a testament to our shared commitment to environmental stewardship and the urgent need for innovative solutions in the face of climate change.

K-Fair Recap: the trends for the plastics industry

K-Fair Recap | March, 2023 | Sao Paulo, Brazil

About K-Fair Recap 2023

In Sao Paulo, Brazil, BASF hosted the K-Fair Recap event at the onono (Center for Scientific and Digital Experiments), aiming to highlight the key themes discussed at the prestigious K Fair, the world’s largest plastics fair held in Germany. The event focused on actively engaging market players and gathering valuable insights into emerging trends within industries where plastics play a crucial role. With a strong emphasis on innovation, circular economy, and sustainability, BASF aimed to facilitate meaningful discussions and gather diverse perspectives on these pivotal topics.

According to the days of the Recap K-Fair program:

Day 1: Industry highlights and trends

Day 2: Challenges and opportunities in the use of recycled resins

Day 3: Post-consumer recycling in the automotive industry

The K-Fair Recap 2023 also had a dedicated space for startups. In the “Startup Arena” four solutions were presented: Trashin, B-Plast, EcoPanplas and Resycure. There was also the “challenge” space where startups got to know BASF’s circularity and recyclability challenges firsthand. 

About BASF

BASF creates chemistry for a sustainable future. BASF combines economic success with environmental protection and social responsibility. Around 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. BASF’s portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions.

Further information at www.basf.com

Resycure at K-Fair Recap 2023

As an Impact Startup within ChemovatorBASF’s Venture Incubator, Resycure attended K-Fair Recap 2023. We as Resycure have a groundbreaking business model that revolutionizes the circular economy. We incentivize and simplify plastic recycling, enabling Brand Owners, Converters, and Manufacturers of all sizes to secure long-term supply agreements with Recyclers while meeting their specific volume needs and specifications under favorable conditions, minimizing risk.

Michel Weinketz, our Co-Founder, took on the role of moderator for a panel discussion focused on the challenges and opportunities in the packaging recycling market in Brazil. Joining the panel were Leandro Tanaka, CEO of the Clean Plastic Group, and Mauricio Jaroski, Energy, Renewables & Recycling Unit Manager from MaxiQuim.

This collaborative initiative aimed to foster connections and facilitate dialogue among various stakeholders, including different business areas, customers, startups, and partners within the innovation ecosystem. By bringing these diverse perspectives together, the event aimed to explore sustainable growth opportunities across the entire plastic production chain.

Solving the recycled materials supply conundrum

In order to achieve their packaging sustainability goals, brand owners will require far more recycled material than they currently have access to. Michel Weinketz, CEO of Resycure (part of Chemovator), takes a closer look at this tension and the potential solutions.

According to “The 2023 Circularity Gap Report” by Circle Economy global circularity has decreased, going from 9.1% in 2018 to, in 2020 to 7.2% in 2023 as a result of increased material extraction. This creates a significant circularity gap because the world relies almost entirely on virgin materials. This indicates that more than 90% of materials are lost, wasted, or permanently locked into a stock that cannot be reused. From the report, it can be concluded that businesses and policymakers must take immediate action for a circular economy.

To accelerate the world’s transition to a circular economy, new business models should be designed by the industry for the industry with long-lasting results.

Actionable and immediate solutions must be taken: The move to recycled plastic

Brand Owners are being pressured by legislation and taxes to decrease plastic waste by designing packaging for recycling and using as little virgin plastic as feasible. This reduction is partially accomplished by reducing the weight of the packaging and switching to post-consumer recycled plastic and enhancing the circularity of product packaging are the among main requirements.

To accomplish their 2025 goal, however, more than 60 of the most influential Brand Owners are anticipated to still require an additional 6 million tonnes of recycled plastic annually. Implementing recycled plastic into packaging is often more expensive and difficult than using virgin plastic – things like regulatory requirements, processing characteristics, and material quality are often top of mind of brand owners and packaging converters. Furthermore, if the market is getting shorter what are the specific challenges for Brand Owners to purchase and secure volumes of recycled material?

There are five major challenges that nowadays Brand Owners are currently facing when attempting to buy recycled material in the market.

Intransparent markets create resource-intensive procurement activities

The lack of price transparency in the current market – which Recyclers can provide which grade to which volume, combined with a fairly fragmented market and a strong mix of small, medium, and a few large players – forces Brand Owners to invest in upstream procurement capabilities, that can prove time-consuming and expensive, in particular outside their core markets.

Lower procurement volumes from brand owners lead to low priority by recyclers

Many medium and large Brand Owners have relevant volumes for packaging; however, their PCR resin demand is often relatively low compared to the capacity of a recycling plant and also compared with the biggest Brand Owners that have huge volumes. This means that Recyclers are often not willing to invest in improving processes to meet the quality requirements of companies with low volumes or push them to the end of the line when a larger volume is available.

Long and complex qualification process

For Brand Owners and Recyclers, there is a long and complex process to identify, test, approve, and control recycled material quality, especially for use in food and cosmetics – this process can easily take over 12 months.

No harmonized specifications for both Recyclers and Brand Owners

There is no “standard” quality requirement for PCR defined for specific applications – each Brand Owner defines its own, which makes it harder for Recyclers to meet a multitude of different specifications for multiple clients. This also makes the procurement process much more complex – it becomes hard to compare products and price proposals.

Long-term demand is not secured

Many Recyclers are eager to invest and grow, however, they will not do so without securing long-term demand and relevant volumes to justify their own ROI. Most Brand Owners are not in the position to offer this security, either because they do not have enough volume in that particular region, or because it is too much of a financial risk to commit to a long-term supply agreement in a “take or pay” contract without knowing how its products will perform in the market.

These five challenges combined create a “chicken and egg” situation, that prevents Brand Owners and Converters to secure the volumes they need and also prevents Recyclers to invest and grow.

Solutions for brand owners to overcome challenges to buy recycled plastic and secure their PCR goals

It’s clear that legislation, industry associations, and EPR schemes will play a critical role in changing the situation. That being said, if we want to accelerate the change, we also need pragmatic, market-driven approaches that can deliver solutions in the short term, incentivize recycling and enable Brand Owners to transition to a circular economy and grow the market faster.

There is a need for neutral players that can work together with Brand Owners, Converters and Recyclers to break this chicken-and-egg situation. One example is Resycure, a German venture that is working to break the silos between the relevant players and wants not only to help companies in securing their long-term PCR volumes with no investments or large volume commitments but also leverage that to give security and a positive business case for Recyclers to invest.

Start-ups like that and fast-moving companies are in a perfect position to disrupt the market with innovative business models, giving it the boost it needs so badly.

Michel Weinketz is a Brazilian living in Germany for quite some time now. He has over 16 years of experience in the B2B and chemical industry and is one of the founders of Resycure, a startup in the circular economy that is part of Chemovator, the BASF venture incubator program.