The circular economy is a production and consumption model that involves sharing, renting, reusing, repairing, renewing and recycling existing materials and products as many times as possible to create added value. In this way, the life cycle of products is extended.


In practice, it means reducing waste to a minimum. When a product reaches the end of its life, its materials are kept within the economy whenever possible. They can be productively used again and again, thus creating additional value.