Australian recycling company recognised on world stage at Davos
Australian recycling innovator Close the Loop has been shortlisted for the 2019 Circular Economy Awards presented at the World Economic Forum in Davos in January. The Circulars are the world’s premier circular economy award program, recognising organisations and individuals making significant contributions to the circular economy in the private and public
The 2019 awards featured eight categories including entrepreneur, tech disrupter and multinational. Australian company Close the Loop has been shortlisted in the SME category for its TonerPlas innovation – an asphalt additive that utilises more than 530,000 recycled plastic bags, toner from
more than 12,000 used printer cartridges and glass from 168,000 bottles in every two-lane 1km stretch of road. In conjunction with road layer Downer, TonerPlas has already been used in roads in Melbourne,
Sydney, Adelaide and Hobart with further rollout in other states currently underway. Close the Loop General Manager Nerida Mortlock said it was an honour to be shortlised at the global sustainability awards.
“Close the Loop has been at the forefront of the Australian circular economy for more than 17 years. “Being acknowledged at The Circulars is the pinnacle for sustainability companies, and it’s exciting to be representing Australia at these high-profile awards.” “TonerPlas is a great example of industrial ecology and collaboration coming together to create not just a new product, but a better-quality product. The addition of TonerPlas creates a superior road surface with a 65 percent increased fatigue life over conventional asphalt, meaning longer lasting
roads at a cost-competitive price.” “At Close the Loop we give new life to valuable resources by improving reusability, simplifying recycling, and maximising the value of recovered materials. Our promise of zero waste to landfill has seen us partner with manufacturers through takeback programs across several industries, including printer cartridges, batteries and cosmetics. “While our core business has traditionally been in cartridge recycling, in the last financial year we processed and recycled more than 40 million cartridges – regulation, ESG reporting standards and consumer sentiment is moving industry towards ‘whole lifecycle’ planning. This means an increasing demand for our services in reverse logistics, product sorting and cleaning, data collection and analytics, chip reading and replacement, and materials recovery.” Running since 2015, previous Circular Economy award winners include Nike, IKEA, Canon Europe,
Patagonia, Philips and Rubicon.