AION - Circularity as a Service | Knowledge Hub | Circle Economy Foundation
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Business case
AION - Circularity as a Service
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AION is a project of Aker BioMarine. The company provides flexible and traceable end-to-end services in the field of circularity on plastics with a documented sustainability effect for its customers. To ensures traceability, resource optimization and monitoring AION develop the concept of CaaS - Circularity as a Service.

Problem

260 million tons of plastic waste is generated annually worldwide. The EU has set a target of 55% recycling of plastic packaging waste within 2030. According to McKinsey, only 16% of plastic packaging waste is recycled today, but additional regulatory tightening is expected.

Solution

In collaboration with Cognite, Aker BioMarine's newly launched AION (Greek for ‘eternity’), introduces CaaS, Circularity as a Service, offering a plug and play software solution ensuring traceability, resource optimization and monitoring of the most central data points for circular product management. AION is a circularity service provider developed to ensure and facilitate fully traceable and responsible sourcing, production, design and product development from recycled and repurposed materials.


The company stems from circular initiatives in Aker BioMarine that were focused on plastic waste and production residues. Aker BioMarine plans to scale AION in three stages. First, Aker BioMarine’s own plastic streams and biological residue will be recycled to new products, driving the company towards its zero-waste vision. Second, AION will work with companies in Aker BioMarine’s network to receive their plastic waste streams. And finally, AION’s ambition is to expand and scale to become an international leader in the evolving circularity space.

Outcome

AION currently produces recycled plastic trays and shopping baskets among other products with the help of strong partners in the manufacturing, design and retail space. McDonald’s is already an AION customer, using serving trays made of recycled plastics from the ocean.

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