By Bob Lebeaux, President, The Plastics Group of America
April 7, 2010
There was a time when utilizing recycled plastics was only good for the environment. Guess what - with advancements in processing and the increasing costs of of virgin materials, it now turns out that it might be good for your wallet as well.
Unlike in years past, the costs of storage, separating, baling, etc. are now far less than the revenue generated by selling scrap plastic. This can be traced to two mitigating factors: (1) the value of plastic has gone up, and (2), technology has made it possible to process materials at a lower cost, thus allowing the processor the ability to pay more for their feedstock.
The Plastics Group is on the cutting edge of this processing technology which means that not only does it save money to sell your scrap, but being able to buy “green” resins also lowers your overhead costs. The bottom line – as the cost of virgin continues to go up, looking to recycled resins makes more and more sense. And with the ongoing improvement in processing technologies, the quality of these resins is better than ever. Go green to save some green.
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