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A circular economy (also referred to as circularity or CE) [1] is a model of resource production and consumption in any economy that involves sharing, leasing, reusing, repairing, refurbishing, and recycling existing materials and products for as long as possible.
Nature has always been a powerful source of inspiration, with inventors diving into the world around them for new ideas. From the anatomy of animals to the behavior of plants, some of our most ...
Ship-breaking allows the materials from the ship, especially steel, to be recycled and made into new products. This lowers the demand for mined iron ore and reduces energy use in the steelmaking process. Fixtures and other equipment on board the vessels can also be reused.
Petroleum products are materials derived from crude oil as it is processed in oil refineries. Unlike petrochemicals, which are a collection of well-defined usually pure organic compounds, petroleum products are complex mixtures. [1] Most petroleum is converted into petroleum products, which include several classes of fuels. [2]
Every man-made product is composed of natural resources (at its fundamental level). A natural resource may exist as a separate entity such as freshwater, air , or any living organism such as a fish, or it may be transformed by extractivist industries into an economically useful form that must be processed to obtain the resource such as metal ...
Iron and steel are the world's most recycled materials, and among the easiest materials to reprocess, as they can be separated magnetically from the waste stream. Recycling is via a steelworks: scrap is either remelted in an electric arc furnace (90-100% scrap), or used as part of the charge in a Basic Oxygen Furnace (around 25% scrap). [20]
Oceans often act as renewable resources. Sawmill near Fügen, Zillertal, Austria Global vegetation. A renewable resource (also known as a flow resource [note 1] [1]) is a natural resource which will replenish to replace the portion depleted by usage and consumption, either through natural reproduction or other recurring processes in a finite amount of time in a human time scale.
Paraffin wax (or petroleum wax) is a soft colorless solid derived from petroleum, coal, or oil shale that consists of a mixture of hydrocarbon molecules containing between 20 and 40 carbon atoms. It is solid at room temperature and begins to melt above approximately 37 °C (99 °F), [ 2 ] and its boiling point is above 370 °C (698 °F). [ 2 ]