In a circular economy, goods and equipment are reused, shared, remade and recycled in order to minimize waste. This economic model encourages manufacturers to make products built to last rather than products designed from the start to be used, disposed of and replaced. Because customers often want the ability to upgrade equipment regularly to avoid obsolescence, repurposing the used equipment enables the Circular Economy and provides partners and customers with functional and affordable tools at a low environmental cost.
At DLL, we strive to deliver sustainable and effective finance solutions in every industry we serve. When it comes to food and agriculture specifically, DLL offers used equipment financing to keep the asset’s usable life alive.
DLL demonstrates the Circular Economy with the LCAM, or Life Cycle Asset Management, model. This model shows the various financing options available to facilitate the total life cycle of each asset beyond its first and second life.