There are more than 1.4 billion cars in the world, and they all need tires. Moreover, tires are a consumable product so there are a lot of scrap tires that need to be recycled every year.
3.Which principles of CE models are being used?
“Keep Loping” (Reproduce scrape tires into rubber powder to produce new tires, plastics, asphalt materials. )
“Business Model”(Buy scrap tires from clients.)
4.What are the economic and environmental benefits?
Scrape tires are transformed into ultra-fine rubber powder - Ultra-fine rubber powder is widely used in the production of tires, plastics, asphalt materials. It can reduce the extraction of oil and rubber trees, reduce CO2 emissions and save a lot of costs.
5.Which one of the “5 business-models” does it belong to?