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The steel industry, circularity and the stock-flow-service nexus

Project description

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.

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

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Region
East of England East Anglia Cambridgeshire CC
Activity type
Higher or Secondary Education Establishments
Other funding
€ 0,00