Today it is recycling, tomorrow it will be circular economy – foundries, being classic recycling businesses, are right at the centre of this development. Foundries, from the iron foundry to the aluminium pressure casting company to the non-ferrous metal foundry, are predestined for an industrial circular economy. The development of modern recycling towards a circular economy in conjunction with renewable energy is critical both for securing resources and for meeting climate goals.
The goal is to lengthen the life span of products through sustainable, environmentally friendly optimisation of production and use. No other raw material better supports circular value loops than iron and non-ferrous metals. New alloys and improved methods for the optimised use of recycled material protect natural resources. But in practise, there is much more to be done than reduce waste and protect resources. As much as ecologically necessary, technically feasible and economically responsible, the goal is to separate economic growth from the use of resources and to lower carbon emissions to net-zero.
Materials and products in circulation among consumers are to remain in circulation as long as possible. Foundries especially, in conjunction with digitalisation, thereby gain new perspectives for business models.