Over 3,5 million kg of equipment was saved from the landfill by just one REUZEit client over the last few years. Instead, the equipment was redeployed, resold or recycled, facilitated by the REUZEit platform. Through its asset services and reuse-marketplace platform, REUZEit captures excess equipment globally and redistributes it within an organization or recovers capital to recoup costs. The company has been serving the European market from Bleiswijk since 2018.
Creating value of otherwise nearly worthless equipment
Without a global platform to reuse and redeploy equipment, large industries do not have a sustainable option besides removing old and building new. In mergers and acquisitions, little (if any) value is given to the equipment. As a result, many companies scrap old equipment, which means the metals and electronics are recovered through a pollution-heavy recycling process, and in practice, this approach still wastes lots of plastic and mixed electronics that end up in our landfills and oceans.
“I think the world has to become more efficient with our natural resources, and that’s achieved by reusing valuable equipment. The other clear advantage is that reusing reduces waste to manageable rates.” Says Justin Andrews, Owner Executive at REUZEit. The company aims to be the worlds largest B2B platform and marketplace for industries to recover their capital equipment investments and stimulate growth through internal productivity.