Lubey Trade, the digital trading platform for waste and recycling raw materials, is expanding its coverage. After a strong rise in user figures in Germany, it is now available in English for companies throughout Europe.
This creates a Europe-wide online marketplace where waste generators and recycling companies can do business with each other. ‘In the face of exploding raw materials prices, the purchase of secondary raw materials and the efficient marketing of waste are becoming increasingly important for trade and industry,’ emphasises Dr Michael Lämmerhirt, chairman of the board of Lubey AG. ‘Successful marketing via Lubey Trade in Germany shows that companies are beginning to recognise this. The expansion of the platform to the whole of Europe is, therefore, the next logical step.’ All types of production and corporate waste plus secondary raw materials can be digitally traded on Lubey Trade. This includes typical waste from trade and commerce, such as metals, aluminium scrap, plastics or faulty batches, packaging materials such as lightweight packaging materials, paper, paperboard and cardboard. Marketing follows the principles of an online auction in just four steps.
Four key steps
In the first, users can define the type of e-tendering (private or under public law) and the term for which it will run. In the second step, the materials to be marketed are precisely categorised and described. Firstly, they are systematically recorded by material class. Waste is provided with a waste code and secondary raw materials, if applicable, with a product data-sheet. Supplementary details and properties, such as material group, shape (balls, bars, granulate, grain size, piece size), material number, and purity etc are added with photographs to make the information more precise. Collection and delivery conditions are also defined here. Suppliers can select a minimum price and couple the price to a standard industry index.
In the third step, users can define specific requirements for bidders. This means that it is possible to specify, for example, that only certified specialist disposal companies are allowed to bid for the batch. To hedge the economic risk, waste-generating companies can require their bidders to provide a bank guarantee, certain insurance policies or minimum turnovers. Requirements in terms of technology and the workforce, such as particular quality standards or qualifications, can also be laid down here. ‘Everyone who trades on Lubey Trade must provide information on these points and upload valid proof if necessary,’ emphasises Lämmerhirt. ‘This ensures maximum security and transparency, along with compliance with environmental and social welfare standards.’
In the fourth step, the system summarises the e-tender clearly and produces legally compliant tender documents. After a plausibility verification, the e-tender can be published. An e-tender can thus be created in a few minutes.
After the initial bidding phase, a compliance verification of the bidders is carried out and the required criteria are checked. After this, an e-auction takes place with the approved bidders, after which the contract is awarded. For public authority providers, valid law on public contracts (EU, federal or state) is also integrated. The transparency and simple processing offered by Lubey Trade benefits everyone involved in the recycling chain. Waste generators can market their waste and secondary raw materials quickly and easily and make money. Recycling and recovery companies are provided with access to a large supply of recyclable materials that are no longer just regional. ‘The supply chains and raw material markets have long been international and so it is logical for the procurement and trading of secondary raw materials to follow suit,’ says Lämmerhirt. ‘Waste that can be recycled and fed back into the economic cycle is of real value to companies – and even more so if there is a market for it that is as large as possible.’ In Germany, many companies already use Lubey Trade, including a number of well-known motor supply companies and retail groups. These are joined by many regional and supra-regional disposal and recycling companies plus public waste disposal companies.
Lubey makes waste management digital for private and public companies. Lubey’s cloud-based software solutions network all those involved in waste disposal. This means that companies can sort out the marketing and disposal of their waste with just a few clicks. In addition, Lubey advises companies on optimising their waste concepts and develops tailor-made software solutions for them.Lubey AG was founded in 2018 by Dr Michael Lämmerhirt, Ulrich Peinhardt and Christian Hartmann. The supervisory board of Lubey AG includes the former Prime Minister of Thuringia, Dieter Althaus.
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