Sims upbeat on NY plastics recycling plans
Sep 12, 2005 | 01:42 PM
| Paul Schaffer
For Sims Group Ltd., the transportation headaches caused by high oil prices are softening a bit by improved prospects for recycling plastics from New York City's household discards.
"A lot of American plastics manufacturers are installing dedicated secondary plastic feed lines," Jeremy Sutcliffe, chief executive officer of the Australian recycler, said. "We are already putting in more technology to upgrade the segregation of the (New York City) plastics stream to value add. That is extremely exciting," he told Melbourne's The Age newspaper.
He was discussing the impending purchase-approved by Sims Group shareholders last week-of U.S.-based Hugo Neu Corp., which has an agreement in principle for a 20-year deal covering most of New York City's recyclables.....
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