Monday, December 29, 2008

Bottom Drops Out for Recyclables

It seems counter-intuitive to us, that the market for recycled cans, paper, plastic should have collapsed, since one might think that in a down-economy, salvaging use out of discards would be a smart move.

But no. High Point, N.C., is currently stockpiling recycled cans and paper because the market for them is so down that the city will lose money ... from what had been a fairly profitable transaction. Greensboro had projected a profit of $450,000 from its recycling program in fiscal 2008, until the bottom dropped out.

"We've seen prices where we have to pay to get rid of it," said a regional manager for North Carolina municipal recycling. Ouch.

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