Sandvik has reportedly initiated a project to buy scrap from its customers to turn it into new products.
The project, run with the company’s strategic partner Stamicarbon, aims to recycle high alloy steel using a buy-back process that decommissions old equipment in customers’ urea plants and retrieves the recyclable material.
According to Sandvik, the buy-back scheme will now be included as part of a package for all new fertilizer customers when replacing equipment parts at their plants. Sandvik and Stamicarbon are also looking into how to standardize the collection and recycling of metals. The companies aim to reach 90% production system circularity by 2030.
‘Sustainability provides an opportunity for new ways of thinking and working — but this doesn’t mean everything needs to be new,’ said Mats W Lundberg, sustainable business manager at Sandvik Materials Technology. ‘By reconsidering how we manage our existing resources, we can incentivise our customers to recycle their used equipment, while improving our own efficiency.’
This story uses material from Sandvik, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
