FREEE Recycle Limited Commemorates 5-Year Anniversary, Emphasizes Importance of Circular Economy Growth

Strategic Insights -

FREEE Recycle Limited, an integrated waste recycling and manufacturing company, has marked its 5th anniversary in Lagos, highlighting the significance of transforming waste into value as a sustainable approach for a low-carbon economy. The company has achieved impressive milestones, including recycling over 250,000 tyres, producing 660 metric tonnes of crumb rubber, and reducing carbon emissions by more than 8,000 tonnes. Through its events and programs, FREEE Recycle aims to inspire sustainability and environmental responsibility across Africa.

Key Takeaways:

  • FREEE Recycle Limited has recycled over 250,000 tyres since its inception, producing 660 metric tonnes of crumb rubber and cutting carbon emissions by more than 8,000 tonnes.
  • The company has implemented an Integrated Recycling and Manufacturing (IRM) model, a zero-waste system that transforms every part of a tyre into something useful.
  • The company has launched an Art Residency Programme, training artists to reimagine waste materials and create cultural value from discarded materials.
  • FREEE Impact Foundation will use proceeds from an art exhibition to provide school sandals to children in underserved communities.
  • The company's next phase involves deeper investments in innovation, community impact, and creative engagement, focusing on a bridge between sustainability and culture.
  • FREEE Recycle's work in advancing circular economy innovation and cross-sector collaboration in Nigeria has been praised by policy advisors and participating artists.

Statistics:

  • 250,000 tyres recycled since the company's inception
  • 660 metric tonnes of crumb rubber produced
  • Over 8,000 tonnes of carbon emissions reduced
  • 5-week creative residency programme trained artists from tertiary institutions across Nigeria
  • 100% of exhibition proceeds will go towards providing school sandals to children in underserved communities
  • FREEE Recycle has invested five years in developing its Integrated Recycling and Manufacturing (IRM) model

Sources:

  • FREEE Recycle Limited
  • Netherlands Consulate in Lagos
  • Ifedolapo Runsewe, Managing Director, FREEE Recycle Limited
  • Opeyemi Oriniowo, Policy adviser, Economic Affairs and Public Diplomacy Officer, Netherlands Consulate in Lagos
  • Gift Akwajie, participating artist in the Art Residency Programme