NEW YORK: The Remade Institute, a public-private partnership established by the U.S. Department of Energy to accelerate the adoption of a circular economy, says its solutions will save the country 293,071,000,000 kilowatt-hours of electricity per year.
The institute’s latest impact report says over a five-year period it will also enable the reduction of 50 million tonnes a year of greenhouse gas emissions; create 700,000 direct and indirect manufacturing jobs; and generate up to US$50 billion in new business opportunities.
The report also measures the institute’s impacts in key sectors, including films and flexibles, paper and cardboard recycling, electronic waste and heavy-duty equipment remanufacturing.
“Remade’s work is moving the US closer to the nation’s energy conservation and emissions reduction targets, both of which have received national attention in recent weeks,” said Nabil Nasr, Remade CEO. “Our experts are working every day to accelerate the US transition to a circular economy.”
Founded in 2017, the Institute works with over 90 manufacturers, universities, trade organizations and national labs with over 1,000,000 employees worldwide. Corporate partners include SMEs, national consumer brands and large multinationals. Academic input is provided by community colleges, national and international universities. Trade partners represent a cross-section of industry sectors from metals and chemicals to paper and plastics.
Industry members include Caterpillar, John Deere, Alcoa, Kohler, Unilever and Michelin.
Story Type: News