How to Turn Hard-to-Sell Assets into Repurposed Revenue

RECYCLING

How, you might ask? Through “repurposing” reusable assets.

OLD FIREHOSES: NEW LIVES

Take for example a fire department’s decommissioned fire hose. It’s a perfect example of an asset that is obsolete to its primary industry but has value, if “repurposed”, by a 2nd, unrelated industry. These old fire hoses could be re-used in low-pressure applications like irrigation or dust suppression on a demolition site. Or, these hoses could also be “repurposed” in applications where the durable jacket material, not their ability to continue to move water, is of prime importance. Non-water “repurposes” would be using the hose for boat dock bumpers or cutting them into desired lengths to be used as protective sleeves for chains, cables, slings, cords, wires, etc.

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  • One-of-a-kind education: Gain access to all content on the IRA’s exclusive Learning Center
  • Industry pulse: Receive the IRA’s trade journal ASSET 2.0 for the latest trends, innovations, and association news
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