This has started to make smart money increasingly interested in metal recycles.KKR the leading PE firm has made a $95 million dollar bet acquiring a leading metal recycler CMA. First Reserve followed suit soon afterwards with a 10 time bigger bet buying Metallum.Note e-waste recycling has become a highly profitable business as well both due to increasing government regulation and rising realizations from the useful products like gold,silver,copper extracted after recycling.Recycling is a Green alternative to extracting metal from mining as it uses less money,effort,energy reducing GHG emissions.
Electronic Waste is a massive problem in the Developed and Developing world with Thousands of Tons of Hazardous Electronic Waste being generated each year.With Electronics getting more ubiquitous and costs falling rapidly,Electronic Waste Problem is only going to increase.E-Waste is responsible not only for releasing dangerous substances into the environment it also causes deaths and injuries to poor in countries like India,China and Africa who are forced to work in extremely bad conditions.Electronic Waste Recycling is the need of the hour but the governments around the world have not pushed hard enough.Europe has been at the forefront with the WEEE directive passed in 2002 while USA has been a laggard as usual failing to prevent toxic waste from being dumped in landfills and shipped to poor countries with lax environmental regulations.Electronic Waste Recycling Act of 2003 has been passed in California which again as usual has been leading the federal government on clean technology legislation.
WEEE refers to the Waste Electrical and Electronic Equipment Directive issued by the European Community on Electronic and Electrical Waste alongwith the ROHS Directive in 2003 which regulates the collection,recycling and disposal of electronic and electrical equipment.The Directive are 2002/96/EC and 2002/95/EC.WEEE makes it mandatory for the producers of to dispose of the Electronic Waste.Unlike the USA which does not have such a strict policy,the companies must do so in an environment friendly way and can’t just export all the electronic junk ot Africa,India and China which has been the way of the industry till then.
The legislation provides for the creation of collection schemes where consumers return their used e-waste free of charge. The objective of these schemes is to increase the recycling and/or re-use of such products. It also requires heavy metals such as lead, mercury, cadmium, and hexavalent chromium and flame retardants such as polybrominated biphenyls (PBB) or polybrominated diphenyl ethers (PBDE) to be substituted by safer alternatives.The EU’s WEEE and RoHS laws simply serve as a template for national laws. They are transposed into national law at national level.Member States are required to draw up a register of producers and collect information on an annual basis on the quantities and categories of electrical and electronic equipment placed on their market, collected, re-used, recycled and recovered within that Member State and on collected waste exported.
Electronic waste is defined as loosely discarded, surplus, obsolete, or broken electrical and electronic devices.It consists of secondary computers, electronics,LCDs,computers,mobile phones etc which have been discarded or thrown by the owners.The rapid decline in the cost of semiconductors due to Moore’s law has led to a rapid increase in the size of the electronics industry which is more than $1 trillion dollar globally.Millions of electronics items are thrown out each year leading to mountains of Electronic Waste.If not treated and Recycled,E-Waste can be hazardous to the environment and lead to wastage of precious materials which can be reused.Lost electronic devices contain a variety of materials, including metals that can be recovered for future uses. By dismantling and providing reuse possibilities, intact natural resources are conserved and air and water pollution caused by hazardous disposal is avoided.Electronic Waste Recycling companies are quite disorganized without major global e-recycling companies.The E-Waste Manageress industry still consists mainly of thousands of workers in developing countries like India where they continue to work in dangerous conditions.1,200 small companies generated revenue of around $5 billion last year.This is expected to treble by 2015 as more countries make electronic waste management compulsory and the sheer volume of electronics grows (think iPads)