There is trouble out there!
I saw this on the Ottawa news earlier today.
SIMS Recycling Solutions opened their new plant in Mississauga, Ontario today. They expect the plant will handle about 50% of Canada's e-waste recycling volumes. The Minister of the Environment threw the switch powering the line this afternoon.
I found a more detailed story as follows:
Sims Recycling Solutions Canada is excited to announce the introduction of its newest electronics recycling facility, located in Mississauga, Ontario. The 287,000 square foot facility is home to the most advanced technology that Sims Recycling Solutions has to offer for the recycling of end of life electronics, also known as waste electronics and electrical equipment (WEEE) or e-waste.
The three-phase project included a fully mechanized cathode ray tube (CRT) recycling process that yields commodity grades of leaded and non-leaded glass from monitors and televisions; better metals recycling technologies; and the newest plastic separation technology allowing for closed loop recycling of plastics. The net result of this multi-million dollar investment provides higher recycling rates while maintaining the strict environmental and safety standards most commonly associated with Sims Recycling Solutions. "The economies of scale, security, environmental performance and associated low carbon footprint of this single process will offer our customers better value and peace of mind for their recycling requirements," says Cindy Coutts, President of Sims Recycling Solutions Canada.
"Ontario, home to 39% of the Canadian population, is the latest province to mandate WEEE recycling. The volume of WEEE requiring processing in Ontario alone has increased from a stricly voluntary market to over 42,000 metric tonnes per year forecast driven by regulation" says Coutts. "The investment by Sims Recycling Solutions into both new recycling technology and facilities provides evidence of the company's commitment to continuously developing better green technology and more green jobs in Canada."
With a receiving capacity in excess of 100,000 mt per year, the new site will provide electronics recycling services to residential consumers, businesses, governments and provincial programs throughout Canada. The facility is set to begin processing this month.
Sims Recycling Solutions' leadership in the environmentally sound recycling of end-of-life electronics provides cost effective recycling solutions that focus on industry leading recycling standards. The Canadian operation is currently ISO 14001:2004, OHSAS 18001:2007, RCMP and Controlled Goods Approved, EPSC RVQP and Responsible Recycling (R2) Practices certified.
Over the last 5 years, Sims Recycling Solutions Canada has recycled over 85 million pounds of electronic scrap in Ontario alone and over 880 million pounds globally in 2010 to some of the highest global standards.
So, owning some BGMO stock, I am starting to get worried that the ship may have sailed on the GreenSafe acquisition.
Between this new plant which is part of a big outfit and with ARCA's new partnering with GE announced, how fast can GreenSafe move and still make a buck.
I guess we will make our money on Indian solar power plants.
