refurbishment, remanufacture and recycling
Circular Economy (CE) is an economic and industrial system, in which resources are kept in use for as long as possible. The circularity of our products is achieved by extending their length of functioning time and later by their regeneration - refurbishment or remanufacture, and material recovery at the end of their lifecycle.
CE is an alternative to a traditionally practiced linear economy, followed since the early days of Industrial Revolution, where products are made, used and disposed at the end on their life. This path of production causes an extensive use of resources, energy in particular, which has a colossal impact on our environment and economy.