IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v15y2022i24p9376-d1000143.html
   My bibliography  Save this article

Circular Economy Models in Industry: Developing a Conceptual Framework

Author

Listed:
  • Oksana Marinina

    (Faculty of Economics, Saint Petersburg Mining University, 199106 Saint Petersburg, Russia)

  • Natalia Kirsanova

    (Faculty of Economics, Saint Petersburg Mining University, 199106 Saint Petersburg, Russia)

  • Marina Nevskaya

    (Faculty of Economics, Saint Petersburg Mining University, 199106 Saint Petersburg, Russia)

Abstract

One of the trends in sustainable economic development is the transition to circular business models, which aim to optimize goods and material flows by taking into account their cyclical nature at all production stages. Adapting circular business models to mining and mineral processing operations can serve as an impetus for mining companies to upgrade and move to a new level of technological sophistication. This article attempts to develop a conceptual framework for circular business models factoring in the nature of production chains in coal mining, power generation, and metal production to reduce production costs, expand the product range, improve sustainable development indicators, and deliver growth in company value. This article is based on desk studies that were aimed at analyzing the efficiency of circular models, organizing data on experience in rational resource use in the mining industry, and transforming basic circular models into adapted ones for the environment in which coal companies operate. This study developed a conceptual framework of options for the implementation and evaluation of circular business models using an interdisciplinary approach and taking into account the specific features of coal companies and the principle of a resource being valuable throughout its whole life cycle. The proposed conceptual framework of circular business models can be used by Russian coal companies to design corporate strategies and long-term development plans.

Suggested Citation

  • Oksana Marinina & Natalia Kirsanova & Marina Nevskaya, 2022. "Circular Economy Models in Industry: Developing a Conceptual Framework," Energies, MDPI, vol. 15(24), pages 1-21, December.
  • Handle: RePEc:gam:jeners:v:15:y:2022:i:24:p:9376-:d:1000143
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/15/24/9376/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/1996-1073/15/24/9376/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bianchi, Marco & Cordella, Mauro, 2023. "Does circular economy mitigate the extraction of natural resources? Empirical evidence based on analysis of 28 European economies over the past decade," Ecological Economics, Elsevier, vol. 203(C).
    2. Fenna Blomsma & Geraldine Brennan, 2017. "The Emergence of Circular Economy: A New Framing Around Prolonging Resource Productivity," Journal of Industrial Ecology, Yale University, vol. 21(3), pages 603-614, June.
    3. de la Torre de Palacios, Luis & Espí Rodríguez, José Antonio, 2022. "In mining, not everything is a circular economy: Case studies from recent mining projects in Iberia," Resources Policy, Elsevier, vol. 78(C).
    4. Willi Haas & Fridolin Krausmann & Dominik Wiedenhofer & Markus Heinz, 2015. "How Circular is the Global Economy?: An Assessment of Material Flows, Waste Production, and Recycling in the European Union and the World in 2005," Journal of Industrial Ecology, Yale University, vol. 19(5), pages 765-777, October.
    5. Omar Alhawari & Usama Awan & M. Khurrum S. Bhutta & M. Ali Ülkü, 2021. "Insights from Circular Economy Literature: A Review of Extant Definitions and Unravelling Paths to Future Research," Sustainability, MDPI, vol. 13(2), pages 1-22, January.
    6. Upadhyay, Arvind & Laing, Tim & Kumar, Vikas & Dora, Manoj, 2021. "Exploring barriers and drivers to the implementation of circular economy practices in the mining industry," Resources Policy, Elsevier, vol. 72(C).
    7. Li, Huilong & Wei, Xinyuan & Gao, Xinyu, 2021. "Objectives setting and instruments selection of circular economy policy in China's mining industry: A textual analysis," Resources Policy, Elsevier, vol. 74(C).
    8. Yurii Vasilev & Alexey Cherepovitsyn & Anna Tsvetkova & Nadejda Komendantova, 2021. "Promoting Public Awareness of Carbon Capture and Storage Technologies in the Russian Federation: A System of Educational Activities," Energies, MDPI, vol. 14(5), pages 1-14, March.
    9. Juan Pablo Vargas & Angélica Patricia Muñoz Lagos & José Guillermo Feriz Torres & Ian Scott Kinney & Sebastián Pérez Cortés & Juan Pablo Hurtado, 2022. "Achieving Circularity through Novel Product-Service Systems in the Mining Industry: An Opportunity for Circularity," Sustainability, MDPI, vol. 14(6), pages 1-15, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lijuan Zhang & Tatyana Ponomarenko, 2023. "Directions for Sustainable Development of China’s Coal Industry in the Post-Epidemic Era," Sustainability, MDPI, vol. 15(8), pages 1-32, April.
    2. Lyudmila S. Malyukova & Nikita V. Martyushev & Valeriya Valerievna Tynchenko & Viktor V. Kondratiev & Vladimir V. Bukhtoyarov & Vladimir Yu. Konyukhov & Kirill Aleksandrovich Bashmur & Tatyana Aleksan, 2023. "Circular Mining Wastes Management for Sustainable Production of Camellia sinensis (L.) O. Kuntze," Sustainability, MDPI, vol. 15(15), pages 1-17, July.
    3. Dmitry Radoushinsky & Kirill Gogolinskiy & Yousef Dellal & Ivan Sytko & Abhishek Joshi, 2023. "Actual Quality Changes in Natural Resource and Gas Grid Use in Prospective Hydrogen Technology Roll-Out in the World and Russia," Sustainability, MDPI, vol. 15(20), pages 1-31, October.
    4. Yury Valeryevich Ilyushin & Ekaterina Ivanovna Kapostey, 2023. "Developing a Comprehensive Mathematical Model for Aluminium Production in a Soderberg Electrolyser," Energies, MDPI, vol. 16(17), pages 1-28, August.
    5. Alex Borodin & Irina Vygodchikova & Galina Panaedova & Irina Mityushina, 2023. "Rating of Stability of Russian Companies in Oil and Gas and Electric Power Industries Based on Interval Volatility," Energies, MDPI, vol. 16(14), pages 1-16, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gilbert Silvius & Aydan Ismayilova & Vicente Sales-Vivó & Micol Costi, 2021. "Exploring Barriers for Circularity in the EU Furniture Industry," Sustainability, MDPI, vol. 13(19), pages 1-25, October.
    2. Jacopo Zotti & Andrea Bigano, 2019. "Write circular economy, read economy’s circularity. How to avoid going in circles," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 36(2), pages 629-652, July.
    3. D. D’Amato, 2021. "Sustainability Narratives as Transformative Solution Pathways: Zooming in on the Circular Economy," Circular Economy and Sustainability, Springer, vol. 1(1), pages 231-242, June.
    4. Concepción Garcés-Ayerbe & Pilar Rivera-Torres & Inés Suárez-Perales & Dante I. Leyva-de la Hiz, 2019. "Is It Possible to Change from a Linear to a Circular Economy? An Overview of Opportunities and Barriers for European Small and Medium-Sized Enterprise Companies," IJERPH, MDPI, vol. 16(5), pages 1-15, March.
    5. Chembessi Chedrak & Gohoungodji Paulin & Juste Rajaonson, 2023. "“A fine wine, better with age”: Circular economy historical roots and influential publications: A bibliometric analysis using Reference Publication Year Spectroscopy (RPYS)," Journal of Industrial Ecology, Yale University, vol. 27(6), pages 1593-1612, December.
    6. Mihail Busu, 2019. "Adopting Circular Economy at the European Union Level and Its Impact on Economic Growth," Social Sciences, MDPI, vol. 8(5), pages 1-12, May.
    7. Arru, Brunella & Furesi, Roberto & Pulina, Pietro & Sau, Paola & Madau, Fabio A., 2022. "The Circular Economy in the Agri-food system: A Performance Measurement of European Countries," Economia agro-alimentare / Food Economy, Italian Society of Agri-food Economics/Società Italiana di Economia Agro-Alimentare (SIEA), vol. 24(2), September.
    8. Mathivathanan, Deepak & Mathiyazhagan, K. & Khorana, Sangeeta & Rana, Nripendra P. & Arora, Bimal, 2022. "Drivers of circular economy for small and medium enterprises: Case study on the Indian state of Tamil Nadu," Journal of Business Research, Elsevier, vol. 149(C), pages 997-1015.
    9. Hervé Corvellec & Alison F. Stowell & Nils Johansson, 2022. "Critiques of the circular economy," Journal of Industrial Ecology, Yale University, vol. 26(2), pages 421-432, April.
    10. Rita Mura & Francesca Vicentini & Ludovico Maria Botti & Maria Vincenza Chiriacò, 2024. "Achieving the circular economy through environmental policies: Packaging strategies for more sustainable business models in the wine industry," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 1497-1514, February.
    11. Julian Kirchherr & Thomas Bauwens & Tomás B. Ramos, 2023. "Circular disruption: Concepts, enablers and ways ahead," Business Strategy and the Environment, Wiley Blackwell, vol. 32(3), pages 1005-1009, March.
    12. Marvin Henry & Julian Kirchherr & Rob Raven & Marko Hekkert, 2024. "Bottom‐up dynamics in circular innovation systems: The perspective of circular start‐ups," Journal of Industrial Ecology, Yale University, vol. 28(2), pages 320-338, April.
    13. Adriana AnaMaria Davidescu & Simona-Andreea Apostu & Andreea Paul, 2020. "Exploring Citizens’ Actions in Mitigating Climate Change and Moving toward Urban Circular Economy. A Multilevel Approach," Energies, MDPI, vol. 13(18), pages 1-46, September.
    14. Upadhyay, Saurabh, 2022. "Drivers for sustainable mining waste management – A mixed-method study on the Indian Mining Industry," Resources Policy, Elsevier, vol. 79(C).
    15. D'Amato, D. & Korhonen, J., 2021. "Integrating the green economy, circular economy and bioeconomy in a strategic sustainability framework," Ecological Economics, Elsevier, vol. 188(C).
    16. Kristoffersen, Eivind & Blomsma, Fenna & Mikalef, Patrick & Li, Jingyue, 2020. "The smart circular economy: A digital-enabled circular strategies framework for manufacturing companies," Journal of Business Research, Elsevier, vol. 120(C), pages 241-261.
    17. Edgar Battand Towa Kouokam & Vanessa Zeller & Wouter Achten, 2021. "Assessing the circularity of regions: Stakes of trade of waste for treatment," ULB Institutional Repository 2013/332186, ULB -- Universite Libre de Bruxelles.
    18. Kristoffersen, Eivind & Mikalef, Patrick & Blomsma, Fenna & Li, Jingyue, 2021. "Towards a business analytics capability for the circular economy," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    19. Nudurupati, Sai Sudhakar & Budhwar, Pawan & Pappu, Raja Phani & Chowdhury, Soumyadeb & Kondala, Mukesh & Chakraborty, Ayon & Ghosh, Sadhan Kumar, 2022. "Transforming sustainability of Indian small and medium-sized enterprises through circular economy adoption," Journal of Business Research, Elsevier, vol. 149(C), pages 250-269.
    20. Emilio Abad-Segura & Ana Batlles de la Fuente & Mariana-Daniela González-Zamar & Luis Jesús Belmonte-Ureña, 2020. "Effects of Circular Economy Policies on the Environment and Sustainable Growth: Worldwide Research," Sustainability, MDPI, vol. 12(14), pages 1-27, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:15:y:2022:i:24:p:9376-:d:1000143. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.