A COMPARATIVE STUDY OF CHEMICAL LEASING AND OTHER BUSINESS MODELS IN CHEMICALS MANAGEMENT AT COMPANIES

Chemical leasing, as a model for the sustainable management of chemicals in the companies, was created on the basis of the idea of cleaner production and pollution prevention, instead of effluents treatment. It refers to the effective management of chemicals and aims to increase the efficiency of the use of chemicals while reducing the risk of chemicals and protecting health of employees. This improves the economic and environmental performance of participating companies and their access to new markets. As a modern business model, it is service-oriented and shifts the focus from increasing sales of chemicals to a valueadded approach. Increasing consumption of chemicals means economic losses for the suppliers. This allows effective management of chemical risks and has a number of economic and environmental benefits for users and manufacturers. Global experience has shown that this business model is most effective primarily in relation to chemicals, used in auxiliary processes, and promote the reduction of their consumption by up to 30% and water consumption by up to 50%. Chemical leasing distinctly differs from other business model often used in chemicals management in industrial conditions. It implies long-term contracts and close cooperation between the producer and the user of the chemicals, that means better predictability of financial expenditures, lower consumption of chemicals, closing the material cycle, that lead to resource conservation, energy savings, a reduction in the environmental impact, and avoidance/reduction of risks arising from the use of chemicals. It all can make chemicla leasing more preferable option for implementation of circular economy approaches regarding application of chemicals in different economic sectors.