Influential factors for value creation within the Circular Economy: Framework for Waste Valorisation

Abstract The present trend towards greener and less-waste intensive production methods, has started to establish the idea of a Circular Economy. However, in achieving circularity, obstacles need to be overcome and new business models need to be developed. One of these business models is Waste Valorisation. Waste Valorisation focuses on the transformation of alleged waste, by-products or residue into valuable material. This paper aims to establish the current view on Waste Valorisation models and explore any influential factors within this circular business model through the lens of social capital theory. The findings are based on a focus group discussion with academics, practitioners, and policy makers. Results indicate, collaborative aspects aid to create value within this specific business model, as well as technology can act as a facilitator for collaboration between stakeholders in realizing the benefits of Waste Valorisation model. Based on the findings, a theoretical framework was developed which can be used as a guide to develop further research on Waste Valorisation.