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This week's top stories include news about food waste solutions, New Orleans and sustainability, automobile manufactures and closed-loop recycling, and more!
ReFED estimates that halving food waste by 2030, leveraging existing identified models, would require $18 billion a year, including $5 billion in catalytic funding. In response, the national nonprofit launched a Catalytic Grant Fund to provide monies to de-risk and scale solutions to food waste, from prevention to food recovery to recycling. The hope is that what these innovators do with the money will unlock more funding from traditional sources and accelerate their impact in ways that would be unlikely without this initial boost.
New Orleans, a city that's more than 300 years old, is steeped in culture and rich history. It sits on a sliver of dry land at the foot of the Mississippi River, which creates challenges when it comes to waste collection and transfer, especially with the New Orleans Jazz & Heritage Festival.
As the global automotive industry strives to reach ambitious sustainability targets, most notably regarding carbon emissions, it continues to gravitate toward the world’s infinitely recyclable material—aluminum. In fact, aluminum can be recycled and reused endlessly without losing its material properties. This phenomenon is the foundation of a circular economy for the automotive industry fueled by closed-loop and end-of-life recycling.
Macquarie Asset Management (MAM) has acquired majority ownership of Florida-based Coastal Waste & Recycling. The acquisition is aimed at accelerating Coastal's growth. Operations and existing services are expected to remain the same, with CEO Brendon Pantano continuing in his role.
Demand for recycled metals is steadily climbing; Wood Mackenzie projects demand for steel scrap will grow another 200 million tons a year and aluminum by 75 million tons a year by 2040. With that trend, as with other commodities, the pressure is on to ensure supply chain integrity. In answer, commodities trading facilitator Orbex developed a trading platform for certified recycled metals.
Content Producer, Waste360
Gage Edwards is a Content Producer at Waste360 and seasoned video editor.
Gage has spent the better part of 10 years creating content in various industries but mostly revolving around video games.
Gage loves video games, theme parks, and loathes littering.
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