Could Opportunity Rise from the Chinese Recycling Crisis?
Earlier this year, the American recycling community was stunned by a knockout punch from the Far East as new rulings from China turned a once profitable relationship upside down. In January 2018, Beijing stated that it was banning intake of most paper and plastic waste in accordance with a new environmental policy designed to free China from being the world’s “dumping ground.” The ban extends to other materials as well, and American recyclers are now scrambling to find a way to dispose of tons of material that normally would be enroute to Asia.