The Austin Materials Marketplace aims to create a closed-loop, collaborative network of businesses, organizations and entrepreneurs where one organization’s hard-to-recycle waste and by-products becomes another organization’s raw material. In addition to diverting waste from landfills, these recovery activities generate significant cost savings, energy savings, and create new jobs and business opportunities.
Since the launch of the program in 2014, the Austin Materials Marketplace has led to:
Economic and Environmental Impact
In a circular economy, all products and by-products recirculate back productively into the economy. One critical component of a circular economy is business-to- business materials reuse; matching wastes and under- valued resources across industries to find viable reuseoptions that retain and add value to materials above and beyond traditional waste disposal and recycling solutions. The result? A continuously evolving redesignof systems to establish higher value circular flows of materials.
Over the past 20 years the Materials Marketplace process has broken down barriers to cross-industry collaboration and has helped companies identify opportunities to minimize waste and create efficiencies.