About the Israel Resource Efficiency Center (IREC)

The Israel Resource Efficiency Center (IREC) was initiated and funded by the Industries Administration in the Israeli Ministry of Economy and Industry, and the Ministries of Environmental Protection and Finance.

IREC aims to assist factories become more efficient both in economic and environmental terms, by focusing on more efficient use of raw materials, water and energy; thus increasing the factory's profitability while minimizing its environmental impact. A win-win situation for both the factory and the environment.

By applying the IREC methodology, factories should improve their competitiveness and mitigate influences of the volatility of prices of resources and energy. The costs of raw materials can range between 50%-80% of the total cost of production, therefore more efficientuseage will have direct impact on the factory's bottom line.

Our methodology includes:

Adapting inventory planning  for times of uncertainty	Production efficiency	Replanning the supply chain  at times of uncertainty
Increasing productivity	Material Flow Cost Accounting (MFCA)	Clean technologies for reduction at source (vs. bottom-of-the-pipe solutions  requiring high investments)
Referral to additional governmental grants for the implementation of efficiency plans	Advanced production | Industry 4.0	Energy efficiency

In a pilot project conducted in 7 Israeli factories

more than 65% of efficiency recommendations have been implemented

saving more than NIS 8.5m per year.

RoI on more that half of the recommendations was achieved within six months.