- For years, our economic system (with the take-make-waste mentality) has been exploiting natural resources at a speed far faster than the planet requires to regenerate. Worthy secondary materials are wasted every day, causing both environmental and financial issues. A Circular Economy could be the solution to both of these problems.
Excess Materials Exchange (EME) is a Dutch startup, founded in 2017, whose mission is to accelerate the transition to a more circular ecosystem. But how? Finding a new life to slag, waste and unused materials by companies. Briefly, EME is a marketplace where companies can buy and sell any type of excess material and/or product, generating financial as well as environmental benefits.
The “Tinder of Circular Economy” EME indeed functions like a dating site. They developed an algorithm that actively matches the supply and demand of materials with the highest reuse potential. Using Artificial Intelligence (AI) and Blockchain, EME finds the most compatible “match”. Companies which usually pay to get rid of waste, can sell them earning new revenues; and the buyers are companies that use this waste into new products. Doing so, businesses turn waste into wealth, reducing the pressure on natural resources.
Not all companies are aware that maybe their waste can be reused as secondary raw materials. Did you know that OrangeFiber uses orange peels to make clothes? Or that ToastAle makes beer from unsold bread?
EME wants to facilitate these win-win situations. An example is ProRail, a company responsible for the maintenance of railways lines, that thanks to EME, has met Construction Companies who reuse old rail tracks in the foundation of buildings. A perfect example of cooperation between different sectors, with economic benefits for both… and of course environmental too! In addition to creating a new market for companies, EME provides other useful services. For example, they calculate and evaluate the financial, environmental, and social impact which each exchange brings to the companies.
Writing by Francesco Minelli
Some time ago, we interviewed @Christian, aerospace engineer and co-founder of EME, that after participating in a @TedTalk in Antarctica decided to fight Climate Change first-hand by launching this ambitious project. Soon the article with the complete interview.