Clean technologies, sustainable chemistry and recycling make production processes more sustainable. To develop them further, an integrated assessment framework is required. Through the cooperation of VITO and UHasselt, a tool to critically review the technical and economic aspects of innovative technology was developed.
Sustainable production processes are invaluable components for the transition to a bio-based economy. However, to minimise risks, fields such as cleantech, sustainable chemistry and recycling need an integrated assessment framework for new technologies.
Through the cooperation of VITO and UHasselt, suitable tools for such an assessment are being developed. They involve techno-economic analyses (TEA) and sustainability analyses: integrated modules of market studies, energy models, economic models, sustainability models and risk analyses that help identify the crucial parameters for the launch of new technology. They contribute to accelerated development, with fewer risks.
VITO and UHasselt already use the techno-economic and sustainability analyses within European research and development projects. This drastically increases the chances of implementation. The TEA-methodology will also be offered to industrial partners, who can use it to support their investment decisions.