A report from Veolia has said that £4 billion of value for the UK economy could be generated from the ‘hidden’ waste for three economically vital sectors.
Over 13 million tonnes of material could be properly reused, recycled or remanufactured from the strategically important manufacturing, pharmaceutical & chemical and food and beverage sectors.
In the report, Imagine 2050, published by Veolia, it highlights the innovative business models needed in these three sectors to meet resource and waste challenges between now and 2050.
Veolia UK and Ireland senior executive vice-president Estelle Brachlianoff said: “The £4 billion hidden value of unutilised resources in these industrial sectors is not something we can ignore.
“Realising this value has a double windfall – it helps businesses manage their resources more efficienty, and generates new revenue streams.
“Adopting the innovative business models outlined in Imagine 2050 needs to happen now. Long-term planning, minimising waste and more effectively using water, energy and raw materials will help us meet the changing needs of a growing population in a sustainable way. This is at the heart of the circular economy and in Veolia’s DNA.”