The circular economy is a concept that promotes the reuse and recycling of goods with a goal of “zero waste”. This in turn saves resources, reduces adverse effects on the environment, and promotes (green) jobs and economic growth (source).
Figure 1: Circular economy
Implementing Chemical Leasing involves different actors in the industrial supply chain, thus fostering life cycle thinking, which subsequently may induce the reuse of chemicals or the installation of closed loop systems for their use. In addition, under the Chemical Leasing model the chemical supplier becomes responsible for disposal of the chemicals, which provides a strong incentive for waste reduction and recycling, which contributes to a circular economy.