What is the Circular Economy?
The circular economy aims to keep equipment and assets in use for as long as possible by recovering and regenerating materials at the end of a product’s life cycle. Put simply, circularity is about implementing the ideas of reduce, reuse, recycle—and in that order.
Circular business models focus on minimising waste and emissions without compromising on outputs and profits. Benefits of circularity for the oil and gas sector include:
eductions in waste, carbon emissions and overall environmental footprint,
increased security of supply for equipment and assets,
cost savings on equipment and infrastructure,
reduced loss of value in specialist equipment and assets,
increased innovation and competitiveness,
improved operational flexibility.
Our philosophy is simple: waste not.
Most of our global economy is built on the traditional take-make-use-dispose business model.
The energy sector is no exception. While this traditional model has met, and continues to meet, the energy needs of our societies, it also leads to much wasted specialist equipment and infrastructure. But there is another way.
Sustainability and profits are interlinked
From an environmental and economic perspective, there is compelling value in putting specialist equipment and infrastructure into perpetual use cycles rather than wasting it in landfill. However, more sustainable practices used to come at a cost.
To keep these costs down, at Evolve Surplus, we design circular business models and solutions for equipment and infrastructure that integrate sustainability and commercial outcomes.
A circular transformation
Realising ambitious circular economy projects requires a different way of working, a different way of collaborating and an entirely new business model.
Adopting a new way of doing things can be daunting. That’s where we come in – we can show you what’s possible, challenge your thinking and guide you through your very own transformation towards circularity.