Commercial Plastic Recycling: How Your Company Can Profit by Recycling Scrap Plastic
When your company has scrap plastic, it has three options for disposal: incineration, disposal in a landfill, or recycling. Our World in Data conducted a study comparing the three options. Recycling is the best option, having the lowest impact on global warming and energy use.
Disposing of scrap plastic in your commercial waste hauling is expensive. So, you can slash that expense by participating in commercial plastic recycling. The process is good for the environment and profitable for your company.
Profiting From Commercial Plastic Recycling
By selling your scrap plastic you can save on landfill fees and receive money for your manufacturing waste. There are numerous types of recyclable plastics generated by businesses including
- High-Density Polyethylene (HDPE)
- Low-Density Polyethylene (LDPE)
- Polypropylene (PP)
The recycling company will pick up your recyclable waste plastic at your location. They will haul it to their facility for weighing and processing. Your company will receive payment at the plastic scrap price for recyclables.
The scrap plastic is no longer taking up space in your regular trash containers. Therefore, by reducing your standard waste disposal cost, you render instant savings.
The cost of standard waste disposal includes paying for the trash container, collection, transfer, and landfill costs. In addition, you have to pay tipping fees of $25 to $150 per ton, depending on location.
If during a normal year you dispose of 500,000 lbs. of plastic scrap and the tipping fee is $50 per ton, you have a yearly cost savings of $12,500 in just tipping fees by recycling that plastic. Compound that savings with the reduction in hauling collection and transfer fees and the savings are impressive. Now add in the profit from the plastic your recycle.
Scrap market prices cycle up and down, so there are always variables in the profit margin. If we take a median scrap price of $0.20 per pound, that 500,000 of plastic scrap has now generated a profit of $100,000.
The reduction of waste begins with manufacturing plants taking steps to recycle and reuse materials. In the automotive industry, 80% of each automobile is recyclable.
Vehicle parts produced using plastic compression molding are lightweight, strong, and have a quick turnout make them a foreseeable industry standard. Plastic scrap from the production of floor parts, seatbacks, headrests, crossbeams, and the housing for airbags can all be turned into profit for your business.
Eco-Friendly Advantages to Recycling
In addition to the substantial savings to your manufacturing costs, having an eco-friendling business is looked upon favorably by consumers. Impact on the environment includes:
- There is currently an estimated 80,000 tons of plastic in the Great Pacific garbage patch
- Every ton of plastic recycled saves 5.77kWh of energy
- Recycling plastic waste can reduce up to 40% of oil consumption, or 16.3 barrels of oil per ton recycled
- Reduces C02 emissions emitted when manufacturing new plastic
- Every ton of plastic recycles saves 7.4 cubic yards of landfill space
Recycling is both a waste-management strategy and a profit strategy for your business. Industrial plastic recycling solutions can reduce energy use and protect our landfills, resulting in improved eco-efficiency.
Recycle for the Economy and Profit
Mayco International conducts its manufacturing business in a way that is environmentally responsible. Commercial plastic recycling is just one of the many ways your business can have a positive impact on the environment while earning a profit.
Therefore, contact us with any questions you have about becoming affiliated with a Tier One supplier that puts conservation first in manufacturing.