Monday night was another fantastic Circular Economy Futures Meetup for Brisbane. We discussed ‘waste to wealth’ and explored innovative and sustainable solutions for building a Circular Economy. There are some excellent businesses in Brisbane doing some really great work, tackling different issues. From prolonging the life of industrial equipment, to creating useful products from waste, Brisbane has seem real innovators in its midst.
Harnessing the Circular Power of AI: ‘Turning Dumb Machines Into Smart Machines’
Our first speaker, Brad Parsons, CEO of MOVUS, discussed how they’re helping to bring sustainability to industry. MOVUS’ world-leading Industrial IoT (IIoT) solution FitMachine® transforms dumb equipment into ‘smart equipment’. It enables this through consumer styled simplicity combined with world-class artificial intelligence. MOVUS’ FitMachine proactively monitors the condition and operating performance of industrial equipment.
Brad challenged us to look at the ‘way’ we live. Their work really fits into the inner circle of maintain/prolong within the Ellen Macarthur Foundation butterfly diagram. Their devices improve asset management and lifecycle optimization, with maintenance teams proactively monitoring and maintaining equipment, rather than reacting to failures or following OEM preventive maintenance schedules. The overall outcome being waste reduction, increased efficiency and empowered people. There was some really great discussion around prolonging the life of machines and keeping them in good working order for as long as possible.
Trash to Treasure: Innovation in Recycling
Our second speaker, Brendan Lee, Circular Economy Manager of Closed Loop, showed us some of the great work they’ve been doing. Very much focused on creating sustainable solutions within existing business models they are finding useful products from waste. Their work sits on the outer arm of the Ellen Macarthur Foundation butterfly diagram looking at recycling. With their Simply Cups coffee cup solution they’re providing an excellent mechanism to ensure the excess of 1 billion disposable coffee cups avoid landfill in Australia. They’re collecting the coffee cups and transforming this trash into treasure with several innovative products emerging, ranging from coat hangers and bricks to pallets and even a keep-cup the rCup®, made from the disposed coffee cups. If that isn’t circular, then I don’t know what is!
They’re also tackling food waste, by providing customers with commercial on-site composting units recycling organic matter, with the capacity to reduce food waste volume by up to 90 per cent in 24 hours. This is some seriously impressive technology, with the machines taking food and organic waste throughout the day, including fruit, vegetables, grains, dairy, meat, fish, poultry, eggshells, crustacean shells and liquid. Within 24 hours, the original material is transformed into a concentrated compost ready for the garden!! Significantly improving on allowed inputs and time of home composting.
Our First Youth Speaker: Activating the Sustainable Development Goals
Finally, we heard from Sarah and Simeon, co-founders of Illuminating Distractions, a mother and son team working together to educate and engage people on the United Nations Sustainable Development Goals. Illuminating Distractions is a start-up supported by St Paul’s School Centre for Innovation (CIE) and Entrepreneurship. With a passion for the world and a desire to make sure people are educated on sustainable practices, Sarah and Simeon created a fun and interactive card game to teach players about the United Nations Sustainable Development Goals. And we’re big proponents of SD12 Responsible Consumption and Production, where Circular Economy practices will really come to the fore to address this goal. They’ve already sold over 100 units including some to the United Nations! Our future is in good hands with young leaders like Simeon leading the change.
The event has really grown over the last few months and the energy on Monday night was fantastic – plenty of robust discussion and connection before and after the talks. It’s a really innovative, encouraging and supportive group proactively bringing the Circular Economy to life in Brisbane and Australia, all with solutions that have the potential to go global. If you have ideas or really care about the Circular Economy, come along to our next Event Wednesday, April 24 to learn and share.