Material Flow Cost Accounting as a Resource-Saving Tool for Emerging Recycling Technologies

Almy Ruzni Keumala Putri · Gesa Beck

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Accounting and Financial Management Sustainable Supply Chain Management Recycling and Waste Management Techniques

Abstract

Material Flow Cost Accounting (MFCA) is an environmental management accounting method that allocates costs to material and energy flows through a process, thereby enabling a simultaneous reduction in environmental impacts alongside an improvement in business and economic efficiency. This study illustrates the versatility of MFCA beyond its usual application to existing production and manufacturing processes. In this paper, MFCA is used to assess the financial viability of two emerging recycling technologies, IRETA2 (Development and Evaluation of Recycling Routes to Recover Tantalum from Electronic Waste) and ReComp (Development of an Innovative, Economically and Ecologically Sensible Recycling Method for Metallised ABS and PC/ABS Composite Waste). These two projects differ in their process structure. Whilst IRETA2 is a strictly linear recycling process, ReComp consists of two process streams, split according to the treatment of its two material fractions. For both projects, the lab-scale experimental results were used to develop an MFCA model of the recycling process scaled at each project partner’s facilities. MFCA was utilised to calculate the projects’ overall profit or loss, the impact of the final products’ market conditions and processing rate (in the case of IRETA2), or machinery capacity (for ReComp) on the overall results. The results show that neither IRETA2 nor ReComp are financially viable based on the current output products’ market value and quantity produced. However, through a sensitivity analysis, it is demonstrated that IRETA2 could become financially viable if the processing rate or market conditions were to improve. Additionally, ReComp could become financially viable if there was an increase in machine capacity. Finally, this paper also explores possible implications of MFCA when applied to emerging recycling technologies on EU policy and strategy, particularly those related to the EU Green Deal, such as extended producer responsibility and supply chain acts.

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References

2014Material flow cost accounting: a review and agenda for future research 2014Expanding material flow cost accounting. Framework, review and potentials 2015A report on the origins of Material Flow Cost Accounting (MFCA) research activities 2011MATERIAL FLOW COST ACCOUNTING (MFCA) – TOOL FOR THE OPTIMIZATION OF CORPORATE PRODUCTION PROCESSES 2020What effects does material flow cost accounting have for companies?: Evidence from a case studies analysis 2020Material Flow Cost Accounting in Developing Countries: A Systematic Review 2019The Application of Material Flow Cost Accounting in Waste Reduction 2014Manual on material flow cost accounting : ISO 14051

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