A multilevel approach in assessing circular green technology adaption: Deriving plausible business case scenarios through business modelling and agent-based modelling

While the attention to the circular economy is increasing, little research has been done to explore the socioeconomic mechanisms underlying the adoption of circular economy technologies. Against his backdrop, in this research we aim to derive plausible adaption scenarios at both company and ecosystem levels for circular economy technologies. In doing so, we rely on the case of the waste –treatment plant industry using VOLATILE project data. The circular economy technology in this project is the Volatile Fatty Acid Platform (VFAP), which is about the introduction of a valorisation process technology for the production of high- end products at waste treatments plants. We analyse our case deploying business modelling and agent-based modelling. Our results show the important role of gate-fee, cost of investment, subsidies, technology improvements, pilot installations and social pressure in the adaption of VFAP.