U.K. Developer Turns to Urban Mining to Slash Carbon Footprint
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When old office blocks are demolished, their steel frames are typically smelted down to be recycled, emitting thousands of tonnes of carbon in the process.
But at One Broadgate, the steel beams that once framed the London headquarters of inter-dealer broker TP Icap Plc will instead be salvaged from the site and recycled by developer Fabrix. Chief Executive Officer Clive Nichol says the example proves it’s possible to “apply the circular economy to structural elements of buildings.”