Connect with us

Business

Remanufacturing – the Missing Link in Recycling

Published

on

Andy Tomkins, Canon EMEA Sustainability Engagement Manager

Remanufacturing – a process that delivers better quality products than resale or simple refurbishment, while being more efficient and economically practical than recycling in many situations

DUBAI, United Arab Emirates, June 5, 2022/ — By Andy Tomkins, Canon’s EMEA Sustainability Engagement Manager (www.Canon-CNA.com).

We are all making significant changes to the way we live so that we can reduce our environmental impact. The products we use, how we travel, and even what we eat are all decisions that need to be made with sustainability in mind. As we celebrate World Environment Day, we need to deepen public awareness of the need to preserve and enhance the environment.

While as individuals we should all be doing our bit, change, of course, largely needs to be driven by governments and organisations. Thanks to the Green Deal, in 2019 individual nation states and the business operating within them are now obliged to step up in the fight against climate change and meet the EU’s pledge of becoming the first carbon neutral continent by 2050.

From a business perspective, there’s a vast number of ways and new approaches that can be used to work towards this goal. And of course, the industry in which a company operates in will also go some way in determining the areas of investment, research and innovation they will focus on to lower their carbon emissions in the quest of becoming a climate-neutral society.

However, one of the simplest approaches has been defined by the phrase ‘reduce, reuse, recycle’. As a theoretical hierarchy, it’s easily applied to both consumer habits and business operations. Reduce actions that negatively impact the environment if you can. If you can’t, then look at how you could reuse products or materials. Failing that, recycle as much as you can to ensure nothing goes to waste.

Many businesses and individuals are making an active effort to reduce environmental impact, especially by aligning with the concept of the circular economy, which in some ways formalises the ‘reduce, reuse, recycle’ hierarchy. But while estimates claim that widescale adoption of circular economy practices in Europe could halve CO2 emissions by 2030 (https://bit.ly/38RVKAc), no matter how much we try to reduce our impact on the environment, or to reuse things, there will always be a demand from consumers for new, high-quality products.

While recycling can help to ensure materials from old products are being reused where possible, there’s a lot of time, money and energy that goes into recovering those materials. This is a particular challenge in the tech industry, with figures from the European Environmental Agency (https://bit.ly/3x7KVlB) showing that e-waste recycling is lagging notably behind packaging and home waste.

This missing link in the chain is remanufacturing – a process that delivers better quality products than resale or simple refurbishment, while being more efficient and economically practical than recycling in many situations. It’s an approach that innovative manufacturers are looking at closely, and if it’s scaled, could go some way to helping us make the changes we need to help the environment.

What is remanufacturing?

Buying things second hand can often be an environmentally responsible decision. It’s cheaper than buying new and is seen as good for the planet. In cases like vintage clothing, can be an important cultural choice too. When quality is the priority in a purchasing decision, second hand can often be seen as the poorer option.

This is most prevalent when it comes to tech, where performance is key. While second hand buying is still somewhat common, and refurbished products (old devices that have been slightly fixed up) go some way towards addressing the quality issue, we are generally still concerned with having something new and shiny that we know will perform optimally.

This is where remanufacturing comes in. Rather than simply taking back second-hand devices, giving them a fresh lick of paint so they live on a little bit longer, remanufacturing takes second-hand devices and rebuilds them to perform like a new product.

Remanufacturing improves upon refurbishment through its focus on performance and extensive testing which ensures that consumers are receiving what is essentially a new product, as opposed to simply extending the life of an existing one.

While the exact process differs depending on the device, the aim is to keep as much as the old device in possible while replacing key components to ensure high performance – it could involve keeping the body of an old product and replacing electrical components inside or taking out physical parts of the device that have worn down over time and need replacing.

By maintaining as much as the old device as possible, remanufacturing offers a big benefit over recycling by reducing the amount of time and energy spent on recovering and processing materials for use in the creation of new products. Combined with the high-performance on offer, it helps to satisfy consumers’ demand for new, quality technology, while limiting the impact on the environment.

Remanufacturing the future

Beyond its environmental benefits, remanufacturing also has great economic potential. It can unlock new revenue streams for businesses, reducing the costs associated with sourcing new raw materials or recycling old ones, while appealing to consumers willing to pay for products that are both environmentally friendly and high quality.

So, if this is the case, why isn’t remanufacturing more common? The print industry is leading the way, with both ink cartridges and office printers often undergoing the process, but wide-scale remanufacturing across the entire tech sector seems far off.

There are several reasons why, one of the main ones being our approach to product design. While many manufacturers have started thinking more about how they can make their products easier to recycle, most are still not considering remanufacturing.

It’s something that requires considerable planning and innovation because it goes beyond just making products recyclable or repairable – careful thought needs to be given to what parts of the product have to be made to last and what will be replaced, whether assembly can be automated, and even how products can be returned for remanufacturing. Business must be willing to invest and innovate in new manufacturing processes and operations that account for this if they are going reap the environmental and economic rewards of remanufacturing.

But perhaps the biggest challenge is that it’s poorly understood, if at all. Educating consumers on the difference between a remanufactured device and a refurbished one is key for overcoming hesitancy around purchasing ‘second hand’. At the same time, there’s a clear need for more attention and encouragement from governments and regulators to help make remanufacturing a standard industry practice.

Remanufacturing is one of many ways that we can help to build a better future for our planet, but one that businesses, governments and consumers alike should be more aware of and invested in to help it grow and succeed.

Distributed by APO Group on behalf of Canon Central and North Africa (CCNA).

SOURCE : Canon Central and North Africa (CCNA) – More News

Business

International Islamic Trade Finance Corporation (ITFC) Engages Stakeholders During the World Trade Organization Aid for Trade Review 2024 Event

Published

on

ITFC

African Finance Corporation, International Trade Centre, ITFC, WTO, Afreximbank, and UNIDO Sign Joint Declaration to Promote Cooperation in Support of the Cotton Sector

JEDDAH, Saudi Arabia, July 4, 2024/APO Group/ — 

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group is pleased to announce the Corporation’s active participation at the 9th World Global Review for Trade. This event, themed ‘Mainstreaming Trade’, was held at the World Trade Organization’s (WTO) headquarters, in Geneva from June 26 to 28, 2024.

The World Trade Organization (WTO) Aid for Trade Review is a significant global platform that brings together policymakers, development agencies, and trade experts to discuss strategies and initiatives to promote trade as a means of development. This year’s theme highlighted the importance of integrating trade into national development strategies for sustainable economic growth.

ITFC remains committed to strengthening existing partnerships and leveraging new synergies to provide our member countries with trade solutions best suited to global dynamics

The event was an occasion for ITFC to cement its strategic partnerships with the international trade community, explore new areas of cooperation, and present IsDB Group’s achievement with the publication of the IsDB Aid for Trade Report.

A joint declaration was signed between Eng. Hani Salem Sonbol, CEO of ITFC; H.E. Ngozi Okonjo-Iweala, Director General of the WTO, Benedict Oramah, President and Chairman of the Board of the African Export-Import Bank (Afreximbank); Gerd Müller, Director General of UNIDO; Samaila Zubairu, President and CEO of the Africa Finance Corporation (AFC), and Pamela Coke-Hamilton, Executive Director of the International Trade Centre (ITC).  The joint declaration will strengthen cooperation in areas of common interest under the coalition ‘Partenariat pour le coton’ by establishing sustainable textile hubs, supporting private sector investments, and encouraging collaboration and advocacy in Africa and beyond.

 The signature ceremony was followed by a high-level panel session titled “Cotton to Clothing: Charting Pathways to Create Sustainable Jobs for Women and Youth in West and Central Africa”. Mr. Sonbol underscored the long-lasting involvement of ITFC in cotton production in the past 15 years: US$2 billion financed to connect firms and millions of smallholders’ cotton farmers to global value chains. He also presented ITFC’s solutions programs as solutions to support investment promotion, market access, and capacity building to enable the environment for a regional textile value chain in Africa.  

In addition, Eng. Hani Salem Sonbol participated in a panel session on “Financing Aid for Trade—Regional Perspectives,” highlighting the potential for economic transformation of OIC member countries through regional integration and showcasing IsDB Group synergy that allows to offer robust regional programs to OIC member countries in different continents. 

Commenting on ITFC’s participation during the WTO Aid for Trade Review 2024, Eng. Hani Salem Sonbol, ITFC CEO, said: “ITFC’s participation at the 9th World Global Review for Trade is a clear testament to our good relations with the World Trade Organization and our support for their mission of leveraging trade to generate employment opportunities and improve livelihoods. ITFC remains committed to strengthening existing partnerships and leveraging new synergies to provide our member countries with trade solutions best suited to global dynamics. We look forward to further supporting sustainable trade, trade finance, and value creation through these strategic partnerships.”

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

Continue Reading

Business

Republic of Congo Hydrocarbons Minister to Discuss Gas Monetization at Angola Oil & Gas (AOG) 2024

Published

on

Hydrocarbons

Both the Republic of Congo and Angola have outlined ambitious oil and gas production targets, representing strategic areas for bilateral investment and cooperation

LUANDA, Angola, July 4, 2024/APO Group/ — 

Bruno Jean-Richard Itoua, Minister of Hydrocarbons of the Republic of Congo (ROC), has joined the Angola Oil & Gas (AOG) conference as a speaker. During the conference – scheduled for October 2-3 in Luanda – Minister Itoua will provide insight into emerging opportunities in oil exploration, gas monetization and LNG development, as well as potential areas for collaboration between the two countries.

Both ROC and Angola have set bold production targets, aiming to increase oil output to 500,000 barrels per day (bpd) and 1.1 million bpd, respectively. Both countries’ favorable investment climates have sparked the interest of a strong slate of E&P firms, with AOG 2024 set to not only support national oil and gas objectives, but also offer a platform for engagement in emerging cross-border projects.  

AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; national oil company Sonangol; the National Oil, Gas and Biofuels Agency; the African Energy Chamber; and the Petroleum Derivatives Regulatory Institute, the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

To support oil production, ROC is promoting investment in frontier exploration alongside incremental production from existing assets. The Central African country – with 1.8 billion barrels of proven oil reserves – has several upstream campaigns underway that aim to unlock new discoveries. Independent energy company Perenco, for example, completed 3D seismic surveys at the Tchibouela II, Tchendo II, Marine XXVIII and Emeraude permits in November 2023. Energy major TotalEnergies has announced plans to invest $600 million to drive exploration and production activities in the country, specifically through the development of the Moho Nord field. The field currently accounts for nearly half of total Congolese oil production, producing an estimated 140,000 bpd. The investment will support drilling operations in line with national targets to bolster output.

Meanwhile, ROC is committed to monetizing its gas resources through both associated and non-associated projects. The country reached a milestone in March 2024 with the delivery of its first LNG cargo to Italy from the Congo LNG development. As the country’s inaugural LNG facility, the project employed a fast-tracked approach whereby LNG was produced just 12 months after FID. By 2025, the Congo LNG project is expected to produce 2.4 million tons per annum, with ROC joining the likes of Angola as a major African LNG exporter.

Further supporting its gas monetization drive, ROC is making progress with the development of the Bango Kayo project. Set to reach peak oil production of 50,000 bpd, project developer Wing Wah is deploying an integrated approach to expand the project through multiple phases. The project will begin monetizing previously-flared gas to support the country’s industrial sector, serving as a model for other African oil producers including Angola, which is striving to maximize production from mature assets.

Minister Itoua’s participation at AOG 2024 not only speaks to the caliber of the event as the premier oil and gas conference in Angola, but creates new opportunities for bilateral collaboration in the fields of LNG production and oilfield development. Angola and ROC – both offering promising opportunities in offshore exploration and tie-ins to existing onshore infrastructure – represent highly attractive hydrocarbons markets, with the AOG 2024 conference set to connect global investors with prospective opportunities.

Minister Itoua will be joined by Maixent Raoul Ominga, Managing Director of the Congo’s national oil company Société Nationale des Pétroles du Congo at AOG 2024. For more information, visit www.AngolaOilAndGas.com.

Distributed by APO Group on behalf of Energy Capital & Power.

Continue Reading

Business

Gazprom Joins African Energy Week (AEW) 2024 as Silver Sponsor, Driving Africa’s Gas Momentum

Published

on

Gazprom

Russian multinational energy corporation Gazprom will join African Energy Week: Invest in African Energy 2024, affirming its commitment to advancing sustainable and gas-focused energy solutions across the continent

CAPE TOWN, South Africa, July 4, 2024/APO Group/ — 

Russian multinational energy corporation Gazprom is spearheading a crucial refinery upgrade project at the Mossel Bay gas-to-fuel facility in South Africa – which advanced to feasibility stage last month – as part of efforts to support Africa’s gas monetization agenda and secure a reliable supply of refined petroleum products. As the world’s largest producer of natural gas, Gazprom will join African Energy Week (AEW): Invest in African Energy – taking place in Cape Town on November 4-8 – as a Silver Sponsor, bringing valuable insights and perspectives on harnessing Africa’s substantial gas resources.

For Africa, natural gas represents the key to achieving broad energy security and diversified economic growth. With over 620 trillion cubic feet (tcf) of proven gas reserves, the continent is seeking to ramp up gas exploration efforts, while establishing integrated, gas-based networks and downstream industries. Through new exploration campaigns, Nigeria is aiming to expand its gas reserves from 200 tcf to 600 tcf; Mozambique is spearheading development of the 18-million-ton-per-year (mtpa) Rovuma LNG and 13-mtpa Mozambique LNG facilities; and Algeria is driving production through a gas-boosting project at the Hassi R’Mel gas field. The 2.3-mtpa Greater Tortue Ahmeyim LNG project in Senegal and Mauritania anticipates first production later this year, while the Tanzania LNG project is set to produce 10 million mtpa once approval by the government is secured.

AEW: Invest in African Energy stands as the premier platform for project operators, financiers, technology providers, and governments, recognized as the definitive venue for sealing deals in African energy. For more information about this pivotal event, visit www.AECWeek.com.

Gazprom is consistently expanding its dialogue with African countries and stands ready to share its unique know-how and best practices

Gazprom’s expertise in gas exploration, production, processing and export positions it as a viable partner to Africa’s natural gas agenda. Last year, the company partnered with the African Energy Chamber (AEC) to host the International Gas Roundtable, an exclusive event highlighting the pivotal role of gas in stimulating economic development across the continent. The roundtable served as a unique platform to explore innovative strategies, exchange best practices and shape the future of gas development, providing valuable insights for both mature and emerging African gas producers.  

“Gazprom is consistently expanding its dialogue with African countries and stands ready to share its unique know-how and best practices in realizing mutually profitable energy industry projects with potential partners from Africa. Gazprom possesses all the necessary technologies and innovations capable to assist African countries in securing energy industry development based on the existing natural gas reserves, in decreasing the level of ‘energy poverty,’ and in improving the quality of life of the populations of African countries, as well as in resolving environmental problems,” states Dmitry Khandoga, Head of International Business at Gazprom.

Gazprom’s technical expertise in the gas sector demonstrates the potential for Africa to increase production and unlock new export markets. With projects like the Nigeria-Morocco Gas Pipeline and Trans-Saharan Gas Pipeline set to supply African gas to regional and European markets, Gazprom’s expertise is particularly crucial, as it operates a number of pipelines that deliver gas across the country and transnationally. The company deploys cutting-edge technologies in the design and maintenance of pipelines, such as the application of corrosion-resistant materials and automated monitoring systems, which increase the reliability and durability of gas infrastructure. At AEW: Invest in African Energy, Gazprom will share its expertise to foster collaboration with industry leaders, advocate for sustainable energy practices and forge partnerships that work towards Africa’s energy security and growth.

“Natural gas is a strategic tool in the fight against energy poverty in Africa. It represents a reliable, scalable and cost-effective solution for power generation and industrial growth. Gazprom’s technical expertise across the entire gas value chain – which makes it the world’s largest gas producer – provides a valuable blueprint for African nations looking to harness gas for domestic use and export,” states NJ Ayuk, Executive Chairman of the AEC.

Returning to this year’s edition of AEW: Invest in African Energy, Gazprom will bring a wealth of expertise in the exploration, production, transportation, storage, processing, and sales of gas, gas condensate and oil. By collaborating with industry leaders and African stakeholders, Gazprom aims to support the continent’s journey towards energy independence and sustainable development.

Distributed by APO Group on behalf of African Energy Chamber.

Continue Reading

Trending