ASSESSING THE TRUE PRICE OF RUBBER
Circular Rubber Technologies (CRT) is a rubber reclaim production company based in Canada. CRT aims to create a more circular and sustainable form of rubber production by reusing abandoned rubber from mining equipment.
Impact Institute worked together with CRT to assess and compare the True Price gap of 3 value chains: CRT’s reclaim, naturally produced rubber from latex farms in Thailand and synthetically produced rubber from crude oil in the USA. The study provides a comparative and a driver analysis of the value chains based on 9 environmental impacts and 9 social impacts.
Benefits to the client
The comparison of the value chains showed how reclaiming production improves impact, and the driver analysis additionally provided clear insights into the impact creation of CRT’s processes. Recommendations were provided on how processes can be adjusted over time to reduce the impact created.