On a financial basis, the Institute of Scrap Recycling Industries had a good year in 2012. Revenues in the trade group totaled $16.7 million, with expenses reaching $14.2 million. The organization ended the year with $14.5 million in accumulated reserves. Membership enrollment this year is down slightly from 2012's near-record of approximately 1,700 members firms.
Mobile phone and device recycling is on the rise, with 21 percent of mobile users saying that they either resold or recycled their old device in the past year, according to a new report from Bamboo Mobile. The report analyzes a dozen mobile phone trade-in programs and determined that while all had room for improvement, the trade-in and buy-back market generated approximately $900 million in 2012 and is expected to grow to several billion dollars annually over the next few years.
The U.S. Postal Service has released a video on recycling items through MaxBack.com, which allows consumers to recycle cell phones through a mail-in program. USPS also highlighted its 3,100 recycling kiosks deployed at post offices across the country for the collection of ink jet cartridges.
Hewlett-Packard has partnered with Office Depot, Office Max, Staples and Walmart to expand its ink cartridge recycling program. The company hopes to take back 3.5 billion pounds of used ink cartridges by 2015.