Update: A previous version of the story misidentified the state as Maryland. The firm is based in Missouri.
Soft pricing for recyclables has been plaguing the waste and recycling industry for much of the past two years. Coupled with the low price of oil, which has brought the cost of virgin materials down as well, recycling companies are having a tough go of things.
While some firms are doing what they can to ride out the down cycle, in other places firms have shuttered and municipalities have dropped materials from recycling streams.
On that front comes the story of a
Maryland Missouri recycling company that is no longer accepting plastics or tin for recycling and focusing entirely on paper.
The Maryville Daily Forum has the details:
Nicki Samson, who is the general manager of NoCoMo, said recycling tin and plastic never made money, but it was starting to cost money.
“We don’t need to make a lot of money, but we can’t lose money,” Samson said.
According to Samson, ever since the Chinese government began more closely monitoring scrap imports in 2013 with the multi-agency effort called Operation Green Fence, it has been more difficult to handle recyclables.
Selling plastic in the last two years has been particularly difficult.
“It’s getting hard to get rid of this stuff,” Samson said. “Quite honestly, the market is saturated.”