If you've no account register here first time
User Name :
User Email :
Password :

Login Now
recycling

Recycling Industry Facing ‘Nationwide Crisis,’ Waste Management CEO Says

recyclingThe recycling industry in the US is facing a “nationwide crisis” as recycling facilities increasingly lose money and demand plummets for recyclables, Waste Management CEO David Steiner told the Washington Post.

The company’s recycling division posted a loss of nearly $16 million in the first quarter of the year, the newspaper reports. It has also shuttered almost 1 in 10 of its largest recycling facilities and Steiner says it may be forced to close even more in the next year.

Falling oil prices, a strong dollar and China’s slumping economy are to blame, as is an increasingly contaminated recycling stream caused, in part, by single-bin recycling programs.

Photo Credit: recycling facility via Shutterstock

 

The EHS Guidebook: Selecting, Implementing, and Using EHS Software Solutions
Sponsored By: EtQ

  
Operationalizing EHS Management: Bridge the Gap from Strategy to Execution
Sponsored By: LNS Research

  
Environmental Leader Product and Project Awards 2017
Sponsored By: Environmental Leader

  
Leveraging EHS Software in Support of Culture Changes
Sponsored By: VelocityEHS

  

Leave a Comment