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Walter R. Stahel will receive the Honorary Degree award of Doctor of the University, from the University of Surrey, in recognition of his outstanding contribution to the field od Sustainability. The ceremony will take place 10 April 2013 in the Cathedral of Guildford.
Remanufacturing is three times more environmentally beneficial than new manufacturing, but it also generates full product quality at half the price of new. By extending product life, remanufacturing saves 85 per cent of the energy that went into manufacturing the original product, as well as saving the labour and capital costs that are associated with a new product. With same quality as new products, remanufactured products can save 50 percent costs, 60 percent energy and 70 percent raw materials. Remanufactoring can also create jobs for the society.