Eco Insiders podcast

EP5 - Pedal to the Metal: How a Marketplace Accelerates Circularity

31/1/2024
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50:49
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In our fifth episode, we had the pleasure of welcoming Rafael Suchan, the co-founder of METYCLE. This innovative company is revolutionizing the scrap metal industry by providing a platform connecting buyers and sellers worldwide, making recycling more efficient. METYCLE is driving the global shift towards a circular economy in secondary metals through its efforts.

 

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 digitalization in making the metal recycling industry work circularly. He highlighted the steps needed to create a more efficient, reliable, and transparent global marketplace.

 

Key Discussion Themes:

  • How digitalization underpins circular practices in revolutionizing this sector.
  • The evolution of the business model towards becoming managed marketplace.
  • How using recycled metals as raw materials is crucial for sustainable metal production.

Timestamped Outline:

[01:33] – the business model pivot and the varying lifetimes of metals.

[06:13] – the CO2 reduction impact of using recycled metals.

[00:11:32] - market dynamics and future trends.

[00:16:49] - early adopters of the marketplace model: critical factors for success.

[00:25:43] - how the business case and circular proposition intersect.

[00:31:54] - regulatory perspectives in the global metal recycling market.

[00:37:06] - business growth and KPIs.

[00:40:23] - advice for companies and the convergence of sustainability and digitalization.

 

Referenced in the show: https://www.iea.org/reports/steel-and-aluminium 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 https://www.iea.org/energy-system/industry/steel

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 https://www.iea.org/energy-system/industry/aluminium

 

Book recommendations Junkyard Planet: https://www.goodreads.com/en/book/show/17286721 The World for Sale: https://www.goodreads.com/en/book/show/52199304

 

Connect with Rafael Suchan on: https://metycle.com/

 

For commercial inquiries or podcast guest ideas:

[email protected]

 

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