Q:

Are plastic recycling centers profitable without government support?

A:

Quick Answer

Recycling companies are profitable without government support when the price per ton of mixed recyclables is high. The recycling market is volatile and investors consider whether each recycling company's practices are good for the environment and if it makes good economic sense before investing.

Continue Reading

Full Answer

New Jersey passed the first mandatory recycling law in 1984, and many cities require that residents recycle paper, glass and plastic products, as of 2015. The cost of collecting and processing recyclable material is sometimes higher than its commodity value. Consumers and businesses have low demand for products made from recycled materials, and recycling companies store materials until the price increases to a level that covers the cost of collecting, transporting and processing the materials to make a profit.

Learn more about Industries

Related Questions

Explore