Amazon invests $10 million in Closed Loop Fund
Submitted by AOR
30
Oct
2018
From Waste Today by Megan Smalley
Amazon has announced it will invest $10 million in Closed Loop Fund, New York, to support recycling infrastructure in the United States, according to an Amazon news release. Amazon’s investment will increase the availability of curbside recycling for about 3 million homes in communities across the country, making it easier for customers to recycle and further develop end markets for recycled commodities.
According to Amazon, the investment in the Closed Loop Fund will divert about 1 million tons of recyclable material from landfill into the recycling stream and eliminate the about 2 million metric tons of CO2 by 2028.