A 90% increase in aluminum can recycling would result in a significant increase in revenue. $6.6BFor the U.S. economy add more than 100,000 jobs 1.3MReduce annual greenhouse gas emissions by keeping tons of aluminum from landfills. 12.1MMetric tons of CO2e
WESTMINSTER, Colo.And ANN ARBOR, Mich., March 30, 2022/PRNewswire/ – Today, Ball Corporation (NYSE : BLL) released a nationwide study that shows the economic and environmental benefits of increasing the aluminum can recycling rate. The United StatesThe current rate of 38% is an increase to 90%. Aluminum is infinitely recyclable, economically valuable, and uses 92% less energy when recycled than virgin material. Additionally, it supports increased domestic recycled metal supply.
Ball Corporation’s vision for increased industry circularity was released in 2021 by the Corporation. Towards a Perfect Circle Report2021). The report describes a vision for aluminum recycling in the industry that aims to achieve a global 90% recycling rate. RRS and Ball Corporation released a new study to demonstrate the economic and environmental impact of achieving this goal.
The new study entitled “Recycling aluminum cans is good business”This suggests that an increase in the U.S.’s aluminum recycling rate would bring the following benefits:
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Contribute to the U.S. Economy 103,800 jobs in collection and sorting.
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More than twice the total waste collection and recycling industry wage rates $2.1 BillionTo $5 billion;
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Generate $1.6 BillionIn economic activity through material sale
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Keep 1.3 million tonnes of materials out the landfill each year.
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You can save enough energy to power 1.5million homes for a full year.
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Reduce GHG emissions by 12.1 Million MTCO2e per year, equivalent to taking 2.6 millions cars off the road for one year.
“There is no doubt that there is a market for more recycled aluminium, and that there is huge potential for energy savings and job creation.” John HayesBall Corporation chairman. “That’s the reason we’re advocating smart recycling policies both at the state level and at the federal level that can help America reduce its dependence on imported materials, strengthen its domestic supply chain, and make these benefits real.”
“The benefits to increasing aluminum recycling rates in this nation are very clear.” Marisa AdlerRRS, Senior Consultant“Now it is up to the federal and state leaders to create a policy roadmap to make the most of this opportunity.”
The “Recycling Aluminum Cans is a Good Business Idea”Analysis was compiled from 2021 data sourced by the Environmental Protection Agency (EPA), Aluminum Association, and Ball Corporation. The analysis also shows how better recycling improves our nation’s domestic supply chain for aluminum and decreases our dependence on primary aluminum imports. The study includes Factsheets and dataYou can find a snapshot for each state, as well as a national snapshot.
RRS used state recycling rates data from the 50 States of Recycling Report (2021) to determine baselines. Notably, Aluminum AssociationAluminum cans were recycled at 45.2% by consumers according to RRS. The national baseline is 38%, which allows for the calculation of the actual aluminum that makes it to remelting plants after material losses during collection and sorting. Unfortunately, recycling is not synonymous with collection. As explained in Ball Corporation’s Towards a Perfect Circle Report(2021) Increasing collection rates exponentially increases the amount recycled material that is kept in line over the long-term.
Download and view the state-specific fact sheets. Here.
RRS
Established in 1986, the company is based in New York. Ann Arbor, MichiganResource Recycling Systems (RRS), a sustainability and recycling consulting company, aims to create a world in which resources are managed to maximize social and economic benefit and minimize environmental harm. The firm is composed of engineers, economists and technical analysts from the industry. These experts share the same vision and have core strengths in materials and recycling, life cycle management, applied sustainability design, and collaborative action. www.recycle.com
About Ball Corporation
Ball Corporation provides innovative, sustainable aluminum packaging solutions to customers for beverages, personal care, and household products. It also supplies aerospace and other technologies and services primarily for U.S. government. Ball Corporation and its subsidiaries employ 24300 people worldwide. They reported 2021 net sales. $13.8 billion. Visit this site for more information www.ball.comConnect with us by clicking here FacebookOr Twitter.
Forward-Looking Statements
This release contains “forward looking” statements about future events and financial results. Forward-looking statements are statements that are not historical facts and can be identified by words such as “expects”, “anticipates,” estimates,” “believes” or similar expressions. These statements are based upon current expectations and views of the future. They are subject to risks, uncertainties, and could cause actual results to differ materially from what they are. Forward-looking statements shouldn’t be relied on without qualified cautionary statements. The Company disclaims any obligation to update or revise forward-looking statements. This could be due to new information or future events. Key factors, risks and uncertainties which could cause actual outcomes and different results are summarized in filings with Securities and Exchange Commission (Exhibit 99 in our Form 10K). These filings are available on our website and at www.sec.gov. Other factors that could affect our packaging segments are: a) product capacity, supply and demand constraints and fluctuations as well as changes in consumption patterns; availability/costs of raw materials, equipment; pricing and substitution; climate changes; footprint adjustments; failure to achieve synergies or productivity improvements or cost cuts; unfavorable packaging laws or mandatory deposits; customer and supplier consolidation; power interruptions; changes to major customers or suppliers contracts or loss to a major client or supplier; inability or inability to pass through higher costs; war, RussiaAnd UkraineIts impact on our supply chains and our ability for us to operate in Russia and the EMEA region generally; changes in foreign exchange or tax rates; and tariffs, trade actions, or other governmental actions, including business restrictions and shelter-in-place orders in any country or jurisdiction affecting goods produced by us or in our supply chain, including imported raw materials; b) our aerospace segment include funding, authorization, availability and returns of government and commercial contracts; and delays, extensions and technical uncertainties affecting segment contracts; c) the Company as a whole include those listed above plus: the extent to which sustainability-related opportunities arise and can be capitalized upon; changes in senior management, succession, and the ability to attract and retain skilled labor; regulatory actions or issues including those related to tax, ESG reporting, competition, environmental, health and workplace safety, including U.S. FDA and other actions or public concerns affecting products filled in our containers, or chemicals or substances used in raw materials or in the manufacturing process; technological developments and innovations; the ability to manage cyber threats; litigation; strikes; disease; pandemic; labor cost changes; inflation; rates of return on assets of the Company’s defined benefit retirement plans; pension changes; uncertainties surrounding geopolitical events and governmental policies, including policies, orders, and actions related to COVID-19; reduced cash flow; interest rates affecting our debt; and successful or unsuccessful joint ventures, acquisitions and divestitures, and their effects on our operating results and business generally.
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SOURCE Ball Corporation