Aluminum can recycling reaches 65 percent; Significant increase from previous year.WASHINGTON--(BUSINESS WIRE)--March 21, 1995--A strong market for all-aluminum used beverage cans A beverage can is most often an aluminium can manufactured to hold a single serving of a beverage. Overview The early metal beverage can was made out of steel (similar to a tin can) and had no pull-tab. sent the recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. rate up to 65.4 percent in 1994, a significant increase from the previous year. Americans returned a record 64.7 billion aluminum cans of the 99 billion shipped; a total of 2.15 billion pounds. The 1994 numbers were announced today by The Aluminum Association, the Can Manufacturers Institute, and the Institute of Scrap Recycling Industries Inc. In 1993, the recycling rate was 63.1 percent. Demand for used aluminum cans was strong in 1994, a reflection of strong demand for aluminum cans in the soft drink and beer markets. Aluminum can recycling remains the cornerstone of recycling programs across the country; Americans continue to recycle re·cy·cle tr.v. re·cy·cled, re·cy·cling, re·cy·cles 1. To put or pass through a cycle again, as for further treatment. 2. To start a different cycle in. 3. a. more aluminum cans than any other beverage container. The differentiating factor between aluminum cans and other containers is the high intrinsic value Intrinsic Value 1. The value of a company or an asset based on an underlying perception of the value. 2. For call options, this is the difference between the underlying stock's price and the strike price. of aluminum beverage cans. The industry paid approximately $1.15 billion to recyclers to get the used aluminum beverage cans back. The money was injected in·ject·ed adj. 1. Of or relating to a substance introduced into the body. 2. Of or relating to a blood vessel that is visibly distended with blood. injected 1. introduced by injection. 2. congested. back into local economies to benefit individuals, municipalities, schools, churches, scout troops and non-profit organizations A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. . According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the three organizations, most of the 64.7 billion aluminum cans were returned through the industry's highly-developed, market-driven collection infrastructure, which includes thousands of buy-back centers nationwide. Every aluminum beverage can has an average of 54.1 percent post-consumer recycled content, an increase over 1993's average of 51.6 percent. This is a far higher percentage than any other beverage container. Recycled content represents the percentage of post-consumer recycled material. Aluminum cans are recycled in a closed-loop process, saving 95 percent of the energy needed to produce aluminum from ore. Energy savings and capital expenditure avoidance give the aluminum beverage can its intrinsic value to the industry, according to the three associations. The market for used cans is efficient and competitive. From recycling through reclamation Reclamation A claim for the right to return or the right to demand the return of a security that has been previously accepted as a result of bad delivery or other irregularities in the delivery and settlement process. and production, it can take as few as 90 days for an aluminum beverage can to be back in a store, ready for consumer purchase. -0- Note to Editors: The data used to calculate the 1994 U.S. aluminum beverage can recycling rate are: Used beverage can scrap (billion pounds): 2.149 Multiplied by the average cans per pound: 30.13 Equals the total number of cans recycled: 64.7 billion Divided by number of cans shipped: 99 billion Equals the percentage: 65.4 percent The data used to calculate the 1994 U.S. aluminum beverage can recycled content are: UBC UBC Uniform Building Code UBC University of British Columbia UBC Union of the Baltic Cities UBC United Brotherhood of Carpenters UBC Universal Battery Charger UBC Union of Baltic Cities UBC Universal Bibliographic Control UBC Used Beverage Cans recovery rate: 1.78 billion pounds (adjusted for exports and non-can use) Divided by the estimated net weight of cans shipped: 3.29 billion pounds Equals the content percentage: 54.1 percent CONTACT: The Aluminum Association Beth Polichene and Yvonne Folkerts, 202/862-5161 or Can Manufacturers Institute Jenny Day, 202/232-4677 or Institute of Scrap Recycling Industries Inc. Evelyn Haught, 202/662-8527 |
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