The $349 billion in initial funding for the Paycheck Protection Program ran out within two weeks. | NIKCOA/Shutterstock
Electronics recycling firms and other processors across the country are looking to a federal assistance program to help them overcome cash-flow problems sparked by the coronavirus. Some have been successful, but others are running into banking complexities and tapped-out funding.
EnviroLeach has been developing a non-toxic hydrometallurgical metals leaching method for several years. | Courtesy of Enviroleach.
Circuit board processor EnviroLeach is gearing up to bring its Canadian facility to commercial-scale capacity in the next two months. The company recently raised significant capital to help in that effort.
In the midst of coronavirus-related closures, ITAD companies are reporting decreases of up to 75% in the flow of used IT equipment from corporate accounts and other organizations. | Zhuravlev Andrey/Shutterstock
At enterprises across North America, IT asset refresh projects are no longer a top priority. That has meant major volume drops for material processors, as well as painful staffing cuts in some cases.
Japan’s Mitsubishi Materials is planning to invest over $100 million to boost its global e-scrap processing footprint.
Canada-based EnviroLeach is planning to open a processing facility that will use a non-toxic water-based formula to recover precious metals.
Because of business and public drop-off site closures and public anxiety about virus transmission, e-scrap collections are down across North America. | Dan Leif/ Resource Recycling, Inc.
The coronavirus pandemic has led to major reductions in the collection of used consumer electronics across North America, with some e-scrap companies reporting volume drops up to 80%.
Electronics recycling operations are adapting to the new normal in the wake of the COVID-19 pandemic. | Jared Paben/Resource Recycling, Inc.
E-scrap and ITAD processors nationwide are disinfecting surfaces, changing work stations, modifying the ways they take in material, and more. The goal is to limit employees’ potential contact with the coronavirus.
ITADCentral provides a hub for vendors to list their services and ITAD customers to seek providers tailored to their specific needs. | Plus69/Shutterstock
An ITAD veteran recently launched a platform connecting service providers with enterprise customers, with a goal of refreshing what he calls an “archaic” industry practice: the request-for-proposal process.
Living Green handles a variety of devices, but mostly focuses on office IT assets.
Over the course of three years, Seattle-area processor Living Green Technology has grown from a one-man show to a small business that’s well-positioned to serve the asset disposition needs of the Pacific Northwest’s tech sector.
