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October 15, 2008

Recyclers are cashing in on the fortune in your bin

Times Online 08.11.08Times_online_7

The price of recyclable plastic, newspaper and cardboard has doubled in 18 months, giving councils a source of “green gold” that could be spent on improving local services. Many are locked into 20 to 30-year contracts with recycling companies and are unable to cash in on the higher cost of plastic and copper...

This year alone the rising cost of oil – used to make plastic – has pushed prices of domestic rubbish even higher. The sale price of mixed plastic bottles has nearly tripled to £230 a tonne in the past six months. Six years ago it was £10 per tonne.

Our Take:  Part of a growing trend of legislation (still outside the U.S. mainly) that takes aim at disposable items often perceived as free. Hopefully, more cities will continue targeting the wasteful over-consumption of food containers and paper cups. 

Link: Recyclers are cashing in on the fortune in your bin

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