Project description DEENESFRITPL Demand-side strategies to boost circularity in the steel industry Steel is one of the most recycled materials but only one third of the global demand is met through scrap. Since steel has a potentially endless life cycle, its industry can lead the way in the circular economy. The EU-funded CircNexSt project will use the stock-flow-service (SFS) nexus to measure the circularity of an international steel company’s products from extraction to service. The SFS framework explicitly highlights the interactions between energy and material flows, material stocks, and services. Dynamic material flow and stock modelling will be employed to measure the resource consumption and accumulation required to offer services. CircNexSt will result in a set of resource efficiency and circularity indicators to assess the environmental performance of material goods and products. Show the project objective Hide the project objective Objective Steel is the world’s most recycled metal, yet only 21% of the global demand is met through scrap, which highlights the gap between the present reality and the ideals embedded in the concept of the circular economy. The latter is designed to increase material recoverability and product optimisation throughout the entire life cycle, resulting in less carbon emissions, waste and resource dependency. Within the steel industry, leading companies and professional bodies have sought to promote and embody the circular economy to advance sector sustainability.This project will use the Stock-Flow-Service (SFS) Nexus to quantify the circularity of an international steel company’s products from extraction to service. The SFS nexus is a conceptual framework that explicitly highlights the interactions, including trade-offs, between energy and material flows (e.g. coal, iron ore), material stocks (e.g. buildings, vehicles) and service provision (e.g. shelter, mobility). By applying this nexus, one can assess the overall environmental performance of a light weighting strategy by juxtaposing reduced fuel consumption and carbon emissions with the increased incorporation of complex material composites. The latter make energy savings possible but are difficult to re-use and recycle, thus reducing the circularity of the process.The project will use Material Flow Analysis and Dynamic Stock Modelling to quantify resource consumption and accumulation linked to the service provided by steel. A set of resource efficiency and circularity indicators will be developed to evaluate the environmental performance of steel products (and prototypes) under various business strategies, including stock optimisation, green leasing, and product-service systems. The project’s results and recommendations will support the steel company in their corporate sustainability targets and facilitate the accurate prediction and tracking of steel’s residual value and resource efficiency across their product range. Fields of science engineering and technologymaterials engineeringcompositesengineering and technologyenvironmental engineeringenergy and fuelsfossil energycoalsocial scienceseconomics and businesseconomicssustainable economy Programme(s) H2020-EU.1.3. - EXCELLENT SCIENCE - Marie Skłodowska-Curie Actions Main Programme H2020-EU.1.3.2. - Nurturing excellence by means of cross-border and cross-sector mobility Topic(s) MSCA-IF-2020 - Individual Fellowships Call for proposal H2020-MSCA-IF-2020 See other projects for this call Funding Scheme MSCA-IF - Marie Skłodowska-Curie Individual Fellowships (IF) Coordinator THE CHANCELLOR MASTERS AND SCHOLARS OF THE UNIVERSITY OF CAMBRIDGE Net EU contribution € 224 933,76 Address Trinity lane the old schools CB2 1TN Cambridge United Kingdom See on map Region East of England East Anglia Cambridgeshire CC Activity type Higher or Secondary Education Establishments Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 0,00
