Self-Enforcing Regulations
There is very little value to the ownership of the vast majority of chemicals unless they are used for their intended purpose. And yet, because of the traditional sell/own business model, the waste that results from over-purchasing is significant and systemic. Further, the system is constantly driving toward selling more chemicals to make more profit, driving toward designed obsolescence and short-term use. The chemical leasing model is one where the “sellers” supply the service or function rather than selling a chemical. In this model, instead of selling as much chemical as possible (resulting in excess and waste), the motivation is to use as little of a chemical to accomplish the desired service as the same profit can be generated from delivering much less product. Chemical leasing is a business model whose effectiveness has been demonstrated at large scale and has extensive potential to be expanded.