Business case

Impacts on the financial condition of a company, as well as the the economicconditions of its stakeholders and on economic systems at local, national, andglobal levels.

Economic Impact

Impact on the ease of innovation, and facilitating uptake of innovations

Innovation

Reduced green house gas emissions released into the biosphere

Reduce Emissions (SDG13)

Reduced use of fossil fuel energy sources and/or increased use of renewable energy

Reduce Energy Consumption

Contributing to the improvement of biodiversity including species diversity, total number of protected species, and ecosystem health

Biodiversity

Producing transporation equipment and providing services for thetransportation of goods and people

Transportation and Logistics

Societal Services

Providing public and private education and support services at any level or for any profession, and governmental and public administration services, including judicial, regulatory, and legislative activities, taxation, defence, public order and safety, immigration services, foreign affairs and the administration of government programmes

Education and Government Services

Providing air, water, rail, and land transportation and related services for the distribution of goods, such as air freight, air courier and logistics services, maritime freight, marine courier and logistics services, rail freight, rail courier and logistics services, land freight, land courier and logistics services, including package and mail delivery and customs agents, as well as storage and warehouse facilities

Logistics Services

Producing transportation equipment for the movement of goods and people by air, rail, sea, and land, including airplanes, spacecraft and military equipment, ships, boats, rail locomotives and rolling stock, motor vehicles, trailers and semi-trailers, and related equipment, as well as repair services for such equipment

Transportation Equipment

Ensure renewable, reusable, non-toxic resources are utilised as materials and energy in an efficient way

Prioritise regenerative resources

Work together throughout the supply chain, internally within organisations and with the public sector and communities to increase transparency and create joint value

Team up to create joint value

Replace energy sources with less impactful alternatives and enact energy efficiency measures

Regenerative energy

Industry peers to industry peer collaboration to create joint value and identify synergies

Industry collaboration

Engage with the government on circular policies and programmes

Government collaboration

Using renewable energy like solar, wind, etc. or renewable fuels like biomass, etc.

Renewable energy, fuels

Participating in government programmes that support and advance the circular economy

Government programmes

Regenerate strategies phase out hazardous or toxic materials and processes and substitute them with regenerative biomass resources. A circular economy aims to mimic natural cycles—by shifting to more regenerative farming practices, for example—while also maximising the share of circular biomass that enters the economy. Regeneration can happen both at the systems level (by designing regenerative processes) as well as at the product level (by switching synthetic to organic fertilisers, for example).

Regenerate

Impacts

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Industries

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The principles of a circular economy concern designing out waste, regenerating ecosystems and keeping items in use. Decoupling the economy from material flows—improving the rate of resource productivity faster than the economic growth rate—is also a consistent guide. By evolving with the growing number of applications of circular economy principles, and consolidating these strategies across thematic areas, Circle Economy’s Key Elements Framework (KE) renders the elements of the circular economy salient and serves as a basis to derive contextual strategies and interventions. 


The Framework consists of:
- Core Elements: Activities directly handling product or material flows; and uniquely,
- Enabling Elements: those that remove obstacles for core actors.


Key elements of the circular economy

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Circle Economy's framework of strategies and activities that define the circular economy

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Based on the work of [Bocken et al. (2016)](https://www.researchgate.net/publication/309699661_Product_design_and_business_model_strategies_for_a_circular_economy), the Four Flows Framework serves as a simple framework for managing resource flows in a circular economy by using less (Narrow), using for longer (Slow), using again (Cycle), and using clean, regenerative materials and energy (Regenerate).

These different principles of circular economy can be applied to our socioeconomic metabolism: we can design stocks like buildings, infrastructure, machinery, and vehicles to be rich resource mines for the future, and design manufactured goods and consumables to be cycled and made regenerative. Furthermore, the focus must also centre on getting more value out of fewer materials. Achieving the aims of a circular economy—minimising material use, regenerating the Earth, and preventing material losses—can be done through these four key strategies mentioned above.

Source: Circle Economy. (2023). *[The circularity gap report 2023](https://www.circularity-gap.world/2023)* (p.22). Amsterdam: Circle Economy. 

Four Flows Framework

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 The contract includes an option to build two similar vessels. The autonomous electric vessel project is a project in Norway partially funded by the Norwegian government aimed at emission-free transport of goods across the Oslo fjord. The 67-metre long vessels will initially be delivered as a full-electric transport ferry, powered by 1,846-kWh capacity battery. After commissioning of autonomous equipment and field trials in Norway, it will operate as a fully autonomous ferry of ASKO that can transport 16 fully loaded standard EU trailers in one go across the fjord. The vessels will be managed by Massterly, the first joint venture company between Kongsberg and Wilhelmsen set up to take technical management and operate autonomous vessels. “Cochin Shipyard won this export order after detailed evaluation of various global shipyards and based on its value proposition to the customer,” Cochin Shipyard stated. “Cochin Shipyard is already constructing 23 hybrid electric boats for the Kochi Water Metro.” 

 ASKO MARITIME skal være en ledende aktør innen utvikling og tilbud av 0-utslipps sjøtransport for å fremme bærekraftige og innovative logistikkløsninger.  Vårt produkt er elektriske autonomt drevne fartøy (sjødroner) med tilknyttet havneinfrastruktur som frakter trailere og containere uten biler og sjåfører. Vår organisasjon skal være effektiv, kundeorientert og løsningsorientert og sørge for gode nettverk i relaterte miljøer. Vi er lokalisert på Kalbakken i Oslo. Våre kunder er ASKO selskap og andre transportbrukere hvor vår løsning bidrar til økt bærekraft i logistikksystemet. ASKO Maritime etablerer sin første 0 utslipps sjøforbindelse mellom Horten og Moss i begynnelsen av 2022.    Din nettleser støtter ikke avspilling av denne videoen.    

Oslo

Kerala

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ASKO Maritime

Cochin Shipyard

Government of Norway

Kongsberg

Wilhelmsen

Massterly

<p>ASKO Maritime is a leading company in the development of innovative and sustainable logistic solutions. In cooperation with the Indian company Cochin Shipyard, emission-free autonomous electric vessels&nbsp;are under construction. This project is partially funded by the Norwegian government and will be managed by Massterly, the first joint venture company between Kongsberg and Wilhelmsen.</p>