Last edited 03 Jan 2022

Value-retention processes

Redefining value, The manufacturing revolution, Remanufacturing, refurbishment, repair and direct reuse in the circular economy, published by the United Nations Environment Programme in 2018, suggests that: ‘…Value-Retention Processes (VRPs) only refers to activities, typically production-type activities, that enable the completion of, and/or potentially extend a product’s service life beyond traditional expected service life. These processes include arranging direct reuse, repair, refurbishment, comprehensive refurbishment, and remanufacturing. These processes help to retain value in the system via enhanced material efficiency, reduced environmental impacts, and may potentially offer economic opportunities associated with primary material production and traditional linear manufacturing.’

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