This document discusses repurposing assets and some of the key issues involved. It begins by noting that being stuck with an unwanted asset poses risks to finances, safety, environment and reputation. Key issues for repurposing include assessing if the asset still has value, and identifying options like relocating, holding as a spare, selling, recycling or repurposing. Repurposing must be considered in whole life modeling at both creation and end of life. Lessons can be learned from adaptive re-use of buildings. Failure to prepare for repurposing may have major consequences, and application depends on various factors. More case histories on repurposing plant and equipment are needed.