Site icon TREASoURcE

About

About the project

TREASoURcE is a four-year project (2022-2026) receiving funding from the European Union under the Horizon Europe research and innovation programme. TREASoURcE aims to initiate systemic change by developing systemic circular economy solutions in cities and regions for currently underutilised or unused plastic waste, end-of-life electric vehicle batteries and bio-based waste and side streams. Implementing these solutions together with companies, societies (including citizens, consumers, communities and regional actors) and experts in the field is expected to significantly increase product and material circulation in the Nordic and Baltic Sea Regions.

Objectives

01

Demonstrated environmental, social, economic and political impacts of the systemic circular economy solutions (Circular plastics, batteries, and biobased side and waste streams) in the Nordics

02

Replicated locally tailored systemic CE solutions in the Baltics, Poland and beyond

03

Inclusive and just transition to CE for all supported by high level cooperation with all relevant stakeholders

Impact

TREASoURcE is expected to have significant environmental, social, economic and political impacts, supporting an inclusive and just transition to circular economy for all.

Efficient management and valorisation of local resources

TREASoURcE territories share together an important natural ecosystem, the Baltic Sea, which is subject to unnecessary logistics as e.g. plastic waste is exported and shipped due to lacking waste management infrastructure. Proper management of biobased side and waste streams and circulating nutrients is important to protect the Baltic Sea from eutrophication, which is a major environmental issue in the marine ecosystem. TREASoURcE optimises nutrient recirculation and flows, raw material use and limiting the need for land and energy use connected to TREASoURcE’s approach in both production and waste management as well as circular business models.

By 2035, TREASoURcE will have contributed to 9,5 Mtonnes of GHG emission savings

TREASoURcE focuses on greenhouse gas (GHG) emission reduction throughout the whole project, tackling streams that are currently not circulated and producing added value materials and products for new loops. The focus is especially in urban-rural regions, since it is common that these streams could be circulated but they are produced in a decentralized manner. Greenhouse gas emissions will be reduced throughout the project activities and further in widespread exploitation of the project demonstrations and other practices.

Systemic circular economy solutions for sustainable growth of economies, sectors and regions

Local and regional economies and actors have a big role in TREASoURcE, the demonstrations will formulate new value chains and business opportunities reaching through the urban-rural settings. TREASoURcE will demonstrate at least 8 new circular business models that will be disseminated to primary producers (agriculture) and CE entrepreneurs (reuse, refurbishment) who can exploit the new business opportunities. TREASoURcE’s CE business opportunities and new employment will support the European future wealth and competitiveness, and as an immediate impact, help bounce back from the effects of COVID-19. Circulating the targeted side and waste streams will provide security to the value chains and minimize investment and business risks by ensuring local supply of raw materials.

Methodology

Circular Cities and Regions Initiative

TREASoURcE is part of the European Union’s Circular Cities and Regions Initiative (CCRI) that seeks to support the implementation of local and regional circular economy solutions. The CCRI is part of the new European Circular Economy Action Plan adopted in March 2020 and will also provide a local contribution to the implementation of the European Green Deal and the European bioeconomy strategy. It places cities and regions at the heart of the EU’s green transition. TREASoURcE builds close collaboration and synergies with the CCRI and other circular economy projects and initiatives.

Find more information on CCRI’s website