Recovering critical materials from discarded solar panels could create a ₹3,700 crore market opportunity in India by 2047, according to new studies from the Council on Energy, Environment and Water (CEEW).
Browsing: Recycling
A major step forward for Europe’s circular economy strategy has been secured as Thermo Lysi SA, in partnership with Pyrum Innovations AG, received €29.4 million in funding approval from the European Innovation Fund (EIF).
Amid global concerns over plastic waste, with 460 million tones produced annually and only 9% effectively recycled, the Horizon Europe-funded UPCYCLE project has officially launched in Gent, Belgium, aiming to redefine how non-recyclable plastics are handled within the packaging sector.
Nigeria generates roughly 2.5 million tonnes of plastic waste annually, with less than 10% currently recycled. Nestlé Nigeria Plc is positioning itself at the center of efforts to reverse that trend, using industry collaboration, local entrepreneurship, and policy alignment to transform discarded plastic into economic and environmental value.
With roughly 13 million metric tonnes of waste produced each year, Lagos is sitting on a potential $2.5 billion revenue opportunity, if it can recover up to 70% of recyclable materials. Analysts argue that the city’s waste, long seen as a liability, could become one of Africa’s most lucrative sustainability sectors.
India’s packaging industry is undergoing a decisive transformation as circular economy principles move from vision to practice. The convergence of large-scale consumption, evolving regulation, and mounting waste challenges is driving industry leaders to redesign materials, rethink supply chains, and embed sustainability across operations.
China’s packaging industry, projected to exceed $300 billion by 2027, is under growing pressure to align with global circular economy standards.
Nissan Canada has entered a multi-year strategic partnership with Montreal-based Lithion Technologies Inc. to recycle end-of-life electric vehicle (EV) batteries, advancing efforts to localize resource recovery and reduce the environmental footprint of EV manufacturing in Canada.
The UK government has been advised to reduce the volume of plastics sent to Energy-from-Waste (EfW) plants and accelerate domestic plastic recycling infrastructure, according to the Independent Review of Greenhouse Gas Removals (GGRs) commissioned by the Department for Energy Security and Net Zero (DESNZ).
Nigeria’s rapid urbanization and growing consumption patterns have brought economic opportunity alongside persistent environmental challenges. The country generates roughly 2.5 million tones of plastic waste annually, yet less than 10% is effectively recycled.