Making the world go 'round.Nine years is not an especially long time as measured by historians, archivists or, certainly, geologists. In terms of technology, economics and geo-politics, however, a great deal can happen in nine years.
For an observer of the recycling industry such as myself, the business cycle has produced a series of ups and downs ups and downs
Alternating periods of good and bad fortune or spirits.
ups and downs
alternating periods of good and bad luck or high and low spirits during the nine-year span that I have been writing for the Recycling Today Media Group. Each secondary commodity has a unique story to tell during that time, with some of those narratives being quite complicated.
One of the most intriguing in·trigue
a. A secret or underhand scheme; a plot.
b. The practice of or involvement in such schemes.
2. A clandestine love affair.
v. examples involves plastic, a material that is often embraced by manufacturers and sometimes scorned scorn
a. Contempt or disdain felt toward a person or object considered despicable or unworthy.
b. The expression of such an attitude in behavior or speech; derision.
2. by environmentalists. During most of my time with Recycling Today, plastic has been the target of recycling advocates who have often criticized what they perceive as a lack of interest in recycling by the plastics industry.
Not that long ago, it looked like plastic recycling Plastic recycling is the process of recovering scrap or waste plastics and reprocessing the material into useful products, sometimes completely different from their original state. advocates had become more successful at convincing communities to collect post-consumer plastic than they had been convincing manufacturers to incorporate the material into the design of new products.
At the same time, many traditional, entrepreneurial recyclers and processors of metals and paper were not convinced of the profits to be made from handling plastic, and so stayed on the sidelines On the sidelines
An investor who decides not to invest due to market uncertainty.
on the sidelines
Of or relating to investors who, having assessed the market, have decided to avoid committing their funds. or were marginally involved in the segment.
As of 2006, however, the sidelines Sidelines
Hypothetical position referring to noninvolvement in a stock; merely watching. are a lot less crowded and the playing field is a much busier place. The booming economy of China in particular (and other developing nations as well) has boosted demand for plastic scrap in the same way it has for scrap metals and paper.
Following a well-tested economic formula, increased demand has strained supply and lifted prices for plastic scrap. Improved pricing has merited renewed attention from entrepreneurs, global corporations, investment bankers Investment Banker
A person representing a financial institution that is in the business of raising capital for corporations and municipalities.
An investment banker may not accept deposits or make commercial loans. , government economic development agencies and any other entity seeking a return on investment.
Recycling entrepreneurs have said that when business conditions warrant it, plastics recycling would gain attention from the private sector. Based on recent activity in this industry, their case has been made, and an influx of money is helping the plastics recycling world go 'round.
At the same time, environmentalists have said that resource scarcity Scarcity
The basic economic problem which arises from people having unlimited wants while there are and always will be limited resources. Because of scarcity, various economic decisions must be made to allocate resources efficiently. should serve as a motivation for increased plastic recycling. With oil at $60 per barrel and speculation that global petroleum production may have peaked, they may also feel a sense of justification.
Both should enjoy taking part in the growth and development of a sector that appears to be entering a bold new era.