REMADE Institute announces up to $35 million in funding for the development of transformational technologies to support U.S. manufacturing in the transition to a circular economy
REMADE Institute, a Rochester, New York-based is the only national institute primarily focused on the development of transformational technologies to support U.S. manufacturing in the transition to a Circular Economy. Today, manufacturing accounts for 25% of U.S. energy consumption.
By focusing its efforts on addressing knowledge gaps that will eliminate and/or mitigate the technical and economic barriers that prevent greater material recycling, recovery, remanufacturing, and reuse, the REMADE Institute provides the investments required to advance technology development that will support the U.S. manufacturing eco-system.
Today, the REMADE Institute announced it has issued its fourth Request for Proposals (RFP) to invest up to $35 million for research and development of transformational technologies to increase the recovery, reuse, remanufacturing and recycling of metals, polymers, fibers, and e-waste. The funding will be matched by project participants, for a total investment of up to $70 million.
Founded in 2017, REMADE is a $140 million Manufacturing USA® Institute co-funded by the U.S. Department of Energy. REMADE has made it a priority to focus on the plastic value chain by especially seeking proposals that will significantly increase the domestic recycling of plastics. Using recycled plastic instead of virgin plastic can reduce energy consumption by up to 79% and greenhouse gas emissions by as much as 67%.
Commenting on the announcement, Nabil Nasr, REMADE’s CEO, said: “With the challenges facing the industry today, it is increasingly important to improve U.S. manufacturing competitiveness. Our partnership of 100 industry, national laboratory, and academic innovators are working together to reduce the energy and environmental burden of domestic manufacturing while delivering value to the industry, the economy, and the environment.”
REMADE has invested $20 million in projects to date. These promising technology advancements cut across multiple industries and the entire material lifecycle. For a detailed description and application process for the current RFP, visit https://remadeinstitute.org/rfp.