Pedal to the Metal: How a Marketplace Accelerates Circularity

Rafael Suchan, co-founder of METYCLE, is building a company that is revolutionising the scrap metal industry by providing a platform connecting buyers and sellers worldwide, making recycling more efficient. Through its efforts, METYCLE is driving the global shift towards a circular economy in secondary metals.

We learned that secondary metals are essential in reducing CO2 emissions by up to 95% compared to primary metal production. Rafael shared his insights into the critical role of digitalisation in making the metal recycling industry work circularly. He highlighted the steps needed to create a more efficient, reliable, transparent global marketplace.

Referenced in the show:

Steel and aluminium – Analysis - IEA

Steel and aluminium - Analysis and key findings. A report by the International Energy Agency.

IEA

https://circulareconomy.europa.eu/platform/sites/default/files/euric_metal_recycling_factsheet.pdf

Steel emissions and reduction potential from recycling: https://www.weforum.org/publications/net-zero-industry-tracker-2023/in-full/steel-industry-net-zero-tracker/#steel-industry-net-zero-tracker

Iron & steel - IEA

Driven by population and GDP growth, global demand for steel may continue to increase, especially because of economic expansion in India, ASEAN countries and Africa, even as demand in China gradually declines.

IEA

Aluminum emissions and reduction potential from recycling

https://www.weforum.org/publications/net-zero-industry-tracker-2023/in-full/aluminium-industry-net-zero-tracker/#aluminium-industry-net-zero-tracker

Aluminium - IEA

Aluminium production is highly energy-intensive, with electricity making up a large share of the energy consumed. Given the high level of electricity consumed in the aluminium subsector, power sector decarbonisation is a key complement to reduction effort

IEA

 Two books recommendations