From Mechanical to Advanced Recycling: How Companies are Creating Sustainable Solutions for the Future

Major recycling service companies like Waste Management (WM) and Republic Services (RSG) are preparing to announce their earnings as Earth Day approaches on Monday, April 22. PA Consulting’s Sustainability & Regenerative Economy Expert, Tony Perrotta, joined Yahoo Finance to discuss the opportunities in sustainability. Perrotta believes there is $12 trillion worth of value in this sector and highlighted the ways companies are leveraging recycling technologies.

Perrotta identified three major ways companies are adopting sustainable practices. First, he mentioned the growth of better mechanical recycling practices, aided by vision technology, robotics, and artificial intelligence. Second, advanced recycling technologies are making strides in the US, allowing for the conversion of hard-to-recycle materials back into usable forms using chemical or physical heat processes. Finally, Perrotta highlighted the move towards novel and alternative materials, such as seaweed, alginates, and plant-based fibers.

According to Perrotta, these sustainable practices offer significant benefits for both businesses and the environment. They not only help reduce waste but also create new revenue streams through innovative products and services. Additionally, they can help companies stay competitive in an increasingly global marketplace where consumers demand more sustainable solutions.

To stay updated on the latest market trends and insights from experts like Tony Perrotta, be sure to watch the full episode on Yahoo Finance.