Tag: Recycling Industry News

Five automakers set 2030 EV target

Five automakers set 2030 EV target <![CDATA[Five auto manufacturers with assembly operations in the United States have issued a statement saying they will work with the federal government to strive to have from 40 to 50 percent of the vehicles they make in the U.S. be electric vehicles (EVs) by…continue reading

Nth Cycle to relocate headquarters

Nth Cycle to relocate headquarters <![CDATA[Nth Cycle says it has begun building out a new 12,000-square-foot facility to house its development and executive offices in Beverly, Massachusetts, which it expects to move into in September. The company says it has developed a clean and modular technology that can recover critical minerals…continue reading

Harsco extends scrap contract with Arkansas EAF mill

Harsco extends scrap contract with Arkansas EAF mill <![CDATA[Camp Hill, Pennsylvania-based Harsco Corp. has announced that its Harsco Environmental division has entered into a multiyear services contract extension with existing customer Arkansas Steel Associates LLC (ASA), the operator of a scrap-fed electric arc furnace (EAF) steel mill in Newport, Arkansas.According…continue reading

DS Smith earns top sustainability rating

DS Smith earns top sustainability rating <![CDATA[United Kingdom-based DS Smith has been awarded a platinum rating by Paris-based EcoVadis for its performance as a responsible and sustainable business. The packaging and paperboard producer says its platinum rating is boost from its gold rating in 2020.The platinum rating places DS Smith…continue reading

Prism gains backing for its tire recycling technology

Prism gains backing for its tire recycling technology <![CDATA[Kirkland, Washington-based Prism Worldwide LLC, a tire rubber and plastics recycling company, has closed a $10.5 million capital funding round, bringing its total capital raised to $23.5 million. The latest round of investment comes from Seattle-based Columbia Pacific Advisors and its founding…continue reading

Caterpillar to offer machine solutions designed to improve performance

Caterpillar to offer machine solutions designed to improve performance <![CDATA[Caterpillar, an equipment manufacturer based in Deerfield, Illinois, has announced a whole-machine solution designed to help original equipment manufacturers (OEMs) provide machine owners the ability to view data output in real-time. The goal is to help operators better understand and use…continue reading

Shredder emissions targeted by EPA

Shredder emissions targeted by EPA <![CDATA[The United States Environmental Protection Agency (EPA) has issued an “Enforcement Alert” that verifies what some auto shredder operators have been concerned about for more than a year: the EPA is targeting their facilities for air quality reasons.The July 2021 three-page document states in part…continue reading

Novelis benefits from increased shipments

Novelis benefits from increased shipments <![CDATA[Atlanta-based aluminum rolling and recycling company Novelis Inc. saw its net income increase to $303 million in the first quarter of its 2022 fiscal year compared with a net loss of $61 million in the comparable quarter of the prior year, which was negatively affected…continue reading

Port congestion seen lasting through summer in US

Port congestion seen lasting through summer in US <![CDATA[More than two dozen container ships are anchored near Los Angeles awaiting unloading, part of a national total of about 80 such backed up vessels, according to global freight news service FreightWaves. Recyclers of metal, old corrugated containers (OCC) and other secondary…continue reading

Redishred Capital acquires Proshred Atlanta from its franchisee

Redishred Capital acquires Proshred Atlanta from its franchisee <![CDATA[Redishred Capital Corp., Mississauga, Ontario, has completed the acquisition of the Proshred Atlanta business from its franchisee located in Atlanta. The acquisition was effective at the end of the day July 30. The location earned about $1.3 million in revenue during the…continue reading