A recycling baler has a variety of benefits. It helps to keep facilities clean and free of hazardous debris. It reduces your company’s waste contribution and frequency of landfill hauls. The latter has a two-fold benefit, as it helps your company reach sustainability goals while also benefiting from those cost savings. Many haulers charge upwards of $300 every time they bull a container.
There’s another major benefit to consider when investing in a PTR Recycling baler: new revenue generation for your organization.
Your recycling baler turns what was once considered waste into a valuable recycling commodity. How valuable? Well, currently more than ever before. The demand and price of recycling materials, especially corrugated materials, is experiencing record highs this year.
Why is the cost continually increasing? “The need for boxes has been going up by 2 to 4 percent every single year because people love having stuff delivered to their door, and COVID has accelerated that,” (Recycling Today). We discussed this and more reasons for the increased demand in last month’s blog, “Industry Update: Cardboard Price Reaches New Heights”. You can read that full blog post here.
How much revenue can you expect to make with your recycling baler?
The number varies by how often you bale, the size of your machine, and the size of the bales it produces. Back in January of this year, “Plastics Recycling Update” published an article outlining the current value of recycling bales. From that article, they provide data from the SMP Index. These prices represent “what is being paid for post-consumer recyclable materials in a sorted, baled format, picked up at most major recycling centers.”
Here is the pricing information they compiled:
• The national average price of PET beverage bottles and jars moved up 16% this month and is currently at 7.58 cents per pound, compared with 6.55 cents per pound this time last month.
• The national average price of polypropylene surged upward this month and is now at 11.69 cents per pound, compared to 7.00 cents last month and 5.81 cents one year ago.
• The national average price of color HDPE is also up again. It is now trading at 17.19 cents per pound, up from 17.06 cents last month. This compares to a low 3.58 cents six months ago, in July 2020.
• The national average price of Grade A film is up 15%, now at 10.84 cents, compared with 9.44 cents per pound last month and 8.44 cents per pound this time last year. Grade B film is now 3.63 cents per pound, while Grade C film remains a low 0.81 cents per pound.
How soon after making your investment will you start seeing a return? On average, customers start seeing a return within the first 2 years of operation.
Investing in a PTR Recycling Baler is a smart move for your organization. You’ll enjoy the benefits of cost savings, the implementation of sustainability policies, and the creation of a new revenue stream. Contact PTR today to find the right equipment for your company!
