The Materials Marketplace helps companies access cheaper feedstocks, and avoid costly landfill disposal fees.

  • Marketplace participants benefit from significant economic savings by sourcing cheaper feedstocks from both industrial by-products and post-consumer recycled materials. 
  • On the flipside, businesses using the marketplace to find outlets for their by-products and waste materials are able to avoid costly landfill tipping fees and waste hauling services.
  • Many businesses participating in Materials Marketplace projects are able to generate a significant amount of revenue from recycling and reuse. General Motors (GM), for example, has generated nearly $1 billion in revenue in recent years through reuse and recycling of its by-products.

Economic development in the reuse and remanufacturing sector is a huge opportunity for Turkey. The Materials Marketplace provides the data foundation on what materials are available regionally, and connects them to eager entrepreneurs and intrapreneurs.

  • Globally, the transition to a circular economy is a trillion dollar business opportunity, with the potential to create 100,000 new jobs by 2019. (Ellen MacArthur Foundation, 2014).
  • The Materials Marketplace - which received the 2015 Gold Excellence Award from the International Economic Development Council -  can help bring these circular economy opportunities to Turkey.
  • Innovative new economic development programming can also be integrated into the project, helping inspire and enable entrepreneurs to create reuse and remanufacturing businesses.

Materials reuse has deep impacts through the entire value chain, including landfill diversion, energy reduction, land use impact reductions, and water use reductions.

  • Materials Marketplace activities have the potential to trigger a number of key reporting indicators for your business, especially around the use of recycled input materials, energy conservation measures, total weight diversion, and initiatives to mitigate impacts of products or services.
  • Environmental impact metrics are calculated and reported by the project team at the conclusion of each transaction.

Leading companies and municipalities around the world are looking to materials reuse as a strategy to reduce GHG emissions.

In Turkey, according to the United Nations Framework Convention on Climate Change, industrial processes and the waste sector accounted for 14.27 percent and 8.23 percent of total GHG emissions in 2012, respectively. A circular market focus in these two sectors in Turkey can help:

  1. Remove barriers to improved waste and materials management; and
  2. Help industry achieve greater resource efficiency and subsequently lower GHG emissions.