KEY CONSIDERATIONS: Any material, component or product can be exchanged on the EME, however in their pilot they unlocked the potential across 18 streams.
MORE INFORMATION: https://excessmaterialsexchange.com/
Far too many resources and secondary materials are disposed of prematurely, a major failure of the current linear market structure. However, there is a growing call for circular models that place great value on keeping resources in circulation for continued use.
The Excess Materials Exchange (EME) is a digital platform that unlocks the potential of excess materials and products by matching them to their highest value uses. They give materials, products and waste streams a new high-value reuse destination.
Here’s how it works:
- Resources Passport: The Resources Passport gives an overview of the composition, the origin, the toxicity or deconstructability of the material or product, among other things. The passport provides the material or product with an ‘identity’.
- Tracking and Tracing: With tracking and tracing identifiers like barcodes, QR codes and chips, they effectively match physical materials to their digital Resources Passport. This makes it possible to follow the materials throughout their life-cycles.
- Valuation: They identify the maximum potential value that can be derived from a material, product or waste stream, and calculate the financial, environmental and social impacts.
- Matchmaking: They then match the material or product to a new reuse option and innovation partners within their EME network.
EME’s Pilot Report can be downloaded at the following link: https://excessmaterialsexchange.com/pilot-report-release/