The Circular Economic Opportunity in the Construction Industry
The construction industry is one of the largest consumers of raw materials worldwide and yet not more than one-third of its wastes are reused or recycled according to the recent report by World Economic Forum. In the United States alone, approximately 40% of solid wastes come from demolition and construction activities.
Manassas, VA -- (ReleaseWire) -- 05/26/2016 --According to Shaping the Future of Construction, a breakthrough in mindset and technology, reusing discarded asphalt materials and waste lumbers: using closed – loop circulation design ideas, is one of the greatest approaches that could shape the future of this sector. Considering the fact that construction plants and other mechanics account for about 40% of carbon emission globally, recycling or reusing products that are discarded provide the best opportunity for the construction industry to minimize global emission and make it more environmentally sustainable.
Besides reducing emission and waste, a company that employs circular economy approaches could reap huge benefits, such as the potential for job creation, innovation and economic development. In fact, a construction company, which can identify closed material loops and embrace circular design methods, it would reduce its dumpster rental cost.
Today, most construction processes are still very fragmented without proper incentives among capital project individuals, creating more than 15% waste volume. For instance, it is projected that about 55% of demolition waste in European countries are still piled on the site, and recycling only occurs in low-volume applications. This is because of little knowledge of the waste materials value and composition. In fact, the utilization of construction waste material is poor.
The construction industry is slower in adjusting to the technological innovation, getting latest equipment and tools, and always cautious of modernizing processes and strategies than other industries. Even though change is seen, it is very slow. Building materials, analytics and other modern technologies are affecting every stage of construction life cycle, although, the adoption is still thin. If construction companies can optimize their planning and construction processes, they can easily end up cutting the cost of dumpster rental by about 15%, and minimizing the completion time by about 30%. Remember, the inter-connectivity of construction materials could lead to closing the lopes for the wider source of solid waste in the modern society.
Find out more about construction industry waste management strategies that are economical and safe today, and reach out to Galaxy Transfer for more information.
About Galaxy Transfer
Galaxy Transfer is based in Northern Virginia and is a division of EnviroSolutions, Inc. GT was purchased by EnviroSolutions, Inc. in June 2013. EnviroSolutions is a vertically integrated solid waste collection, disposal and recycling company located in the Mid-Atlantic and Northeast regions of the United States. We are a customer oriented company, and seek to develop a partnership with our clients to guarantee their satisfaction. Our quality of service is unrivaled in the industry, and we pride ourselves on our outstanding customer relations.
For more information, please visit http://www.galaxytransfer.com/
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