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What is the value of my recycled materials? Does it Save Money?

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If you saw a co-worker throwing money in the garbage, wouldn’t you think they were crazy? When you see pop cans and plastic bottles, it’s easy just to see them as trash, but we want you to understand your throwing away money. Why throw it out, when you can cash it

In 2009, the United States had a national average diversion rate of 33.8% and with the ever-filling landfills, and increasing cost of oil, the tipping fees for companies to have their trash hauled away is always on the rise. By incorporating a recycling collection system in your organization, you are not only helping the environment but also your bottom line.

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Get Paid for your Recycling

Generally speaking, the costs associated with having a recycling waste carrier is less than that of having a waste hauler come and take it away. There is an immediate saving, but what if you could take it one step further? Did you know some companies do a good business of BUYING your recycling? That’s right, instead of handing out your hard-earned dough you can receive compensation for your recyclable material!

Companies are beginning to realize that it’s expensive to make brand new products all the time, the price of extracting and processing raw materials is ever rising. By using recycled materials, they can dramatically reduce the cost of manufacturing a product.

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It is cheaper for manufacturers to purchase recyclables, reprocess them, and then make new products than it is to make them from scratch. Companies buy everything from pop cans and plastic bottles to used tires and old computers. If your organizations have a lot of something, chances are there is someone out there willing to pay for it.

The first step in transforming your trash into cash is to gain an understanding of the types and quantities of materials being disposed of at your organization. Once you have performed a complete waste audit and have identified key areas that make up a significant portion of your waste streams, start looking for a buyer!

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A good place to start is to contact your local landfills and waste stations. They should be more than happy to point you in the right direction because you are helping to extend the life of the landfill.

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Turn Your Trash in Gold

For a positive recycling success story take a look at hospitals in the United States. Some hospitals have begun recycling used medical gloves and plastic bed liners. It was discovered that these products composed approximately 6%, or 5 tons, of their yearly waste stream.

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This one change saved a company over $13,000 a year in disposal fees alone. That was just ONE waste stream, imagine the savings associated with a comprehensive recycling plan? These used materials were then converted into plastic pellets by a recycling company and reformed into more gloves and bed liners.

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Demand for recycled products is at an all-time high, so much so that the demand is greater than the supply. Any good business knows that this means opportunity.

Take the time at your company to create a comprehensive recycling plan to stop wasting money and landfill space, and start generating an additional source of revenue. Remember, don’t trash it. Cash it!

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Sources

http://archive.jsonline.com/business/companies-are-finding-more-money-in-recycling-as6uvjg-172009761.html

http://www.sustainablebrands.com/news_and_views/feb2012/turning-trash-cash-how-companies-can-save-money-smart-recycling

http://valuestockguide.com/recycling-saves-money/

http://www.triplepundit.com/special/roi-of-sustainability/the-roi-of-san-franciscos-zero-waste-program/

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Busch Systems

Sustainability Ambassador