Facing a shaky long-term outlook for plastic exports, Sims Recycling Solutions has invested in plastics cleanup systems in the U.S. and the Netherlands.
The global e-scrap recycling and ITAD company in June will commission a plastics sorting system in La Vergne, Tenn., near Nashville. It has already installed and started using a similar system in Eindhoven, a city in the Netherlands. Each cost about $1 million, company officials told E-Scrap News.
The investments are part of Sims Recycling Solutions' (SRS) goal of recycling polymers from electronics while also increasing "stickiness" with OEMs, Ingrid Sinclair, global president of SRS, told investors during an event in Sydney in April. In this case, the OEM is longtime SRS partner HP.
"It's a way to keep that loop going and deepen our relationship," she said.
The plastic is being recycled into new HP printers.
"What's different in this process is that we're producing an engineered plastic," Sinclair told investors. "So rather than this plastic going into e-wood or flower pots - some of the lower tech - it's engineered so that this recycled plastic would go into the same fit-for-purpose as virgin plastic."
SRS is the e-scrap branch of global scrap metals giant Sims Metal Management, a publicly traded company based in Australia. At the investors event in April, company officials also highlighted SRS' move into decommissioning and recycling data centers.
Facing a shaky long-term outlook for plastic exports, Sims Recycling Solutions has invested in plastics cleanup systems in the U.S. and the Netherlands.
The global e-scrap recycling and ITAD company in June will commission a plastics sorting system in La Vergne, Tenn., near Nashville. It has already installed and started using a similar system in Eindhoven, a city in the Netherlands. Each cost about $1 million, company officials told E-Scrap News.
The investments are part of Sims Recycling Solutions' (SRS) goal of recycling polymers from electronics while also increasing "stickiness" with OEMs, Ingrid Sinclair, global president of SRS, told investors during an event in Sydney in April. In this case, the OEM is longtime SRS partner HP.
"It's a way to keep that loop going and deepen our relationship," she said.
The plastic is being recycled into new HP printers.
"What's different in this process is that we're producing an engineered plastic," Sinclair told investors. "So rather than this plastic going into e-wood or flower pots - some of the lower tech - it's engineered so that this recycled plastic would go into the same fit-for-purpose as virgin plastic."
SRS is the e-scrap branch of global scrap metals giant Sims Metal Management, a publicly traded company based in Australia. At the investors event in April, company officials also highlighted SRS' move into decommissioning and recycling data centers.
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