How 5 E-Waste Businesses Are Profiting from Computers
Over the last two decades, the electronics industry has been growing at a very fast pace. With the advancements in technology, this market continues to expand quickly. Now, if you are tech savvy, then you may be used to upgrading your gadgets regularly. Old computers or smartphones might be donated, recycled or discarded as well.
Most of the devices which are thrown away end up in landfills and add to the rising e-waste globally. According to a report by the UN E-Waste Monitor, the production of electronic waste in the world is expected to reach 74 million metric tonnes. It’s why this has become one of the biggest threat to environment in this day and age.
Given that, some companies have taken this as an opportunity to reduce the waste and make money from recycling electronics. These are a few recycling and e-waste businesses that are profiting from computers.
When it comes to creating a successful business and making profits by reducing electronic waste, Rubicon ranks at the top. The company was founded in 2008 and provides software-based solutions to businesses looking to manage their e-waste efficiently. Rubicon has expanded their operations globally and are partnering up with startups as well as big corporations to help them with recycling and reusing electronics.
It has also launched an app which makes it easier for people to get their waste picked up securely. Basically, the company is using technology to allow companies to track the amount of electronics being disposed. This way, they can reduce their waste and apply different techniques to become more sustainable.
So far, Rubicon has managed to make quite a profit from computers and has an overall funding of $222.7 million. If you think about it, getting rid of E-Waste safely can be tricky. Most companies and individuals look for easy solutions to discard their computers or other devices in the best way possible.
In case, you are searching for options in the city, you might be able to find quite a few solutions for IT asset disposal in New York. Similar to Rubicon, such businesses are also committed to reducing the harmful effects of e-waste on the environment and recycling old gadgets.
The company was established in 2001 and basically started out with recycling organic waste. Founder Tom Szaky and Jon Beyer invested their own money into a system which promoted composting and turned the wasted materials into fertilizer. As the business model began to attract interest from investors, TerraCycle expanded.
It now collaborates with companies in 21 countries to collect and recycle waste that usually ends up in landfill or the ocean. TerraCycle takes these items and breaks them down for metals, plastics and other materials which can be used to manufacture other products. The company is committed to reusing and refurbishing E-Waste that functions and has less wear and tear. If you think about it, this business is not just profiting from computers but also playing a huge role in eliminate waste from the environment.
TerraCycle has recycling programs that allows electronic and industrial waste to be recycled or upcycled successfully. Its Zero Waste Box for E-Waste has attracted a lot of attention from people and industries looking to dispose of their smartphones, laptops, desktop computers and even cables. With this, the waste management company managed to generate a revenue of $25 million in net sales during 2020.
Sims Metal Management
This is one of the most established company that has been in the recycling industry since a long time. It was established in 1917 and diversified into the scrap metal market during 1988. Other than recycling metal and processing it, the company also has a successful E-Waste recycling unit. It has global operations in multiple countries for collecting electronics equipment and reselling or refurbishing it.
Sims Metal Management has managed to make a name for itself in the industry and is not only profiting from computers but also reducing the impact of E-waste on the environment. From IT asset disposition to selling parts, the company has various processes for recycling and reusing electronics. Sims offers a range of solutions for E-Waste recycling and provides businesses with a secure and reliable option to get rid of their decommissioned electronics.
Urban Mining Company
When it comes to making profits off computers, Urban Mining Company has really done it in an innovative way. The business which was established in 2014 specializes in developing magnetic solutions for automotive, industrial and technological companies. This is one business that aims to promote sustainability and reduce the country’s dependency on others for rare source materials.
Urban Mining Company is involved with recycling materials from hard drives and computers, and processes them to create powerful magnets. It mainly focuses on electrical motors and provides businesses with cost-effective options to run them efficiently.
Since the company sources most of the parts from discarded electronic waste, it does not have not rely on any supplier or country to buy them.
The company has been in the recycling business since 2010. While you may not be familiar with it, CyberCrunch is making quite a difference in reducing E-Waste. It provides easy and secure recycling options to businesses and offers data shredding or destruction as well. The company recycles computers, accessories, batteries and other electronic equipment too.
In a short span of time, CyberCrunch has managed to get a funding of over $300,000 and attracted attention from various investors as well. The company operates across the country and makes it easier for their consumers to get their E-Waste recycled.
To Sum Up
These are some of the businesses that are profiting from computers and also playing an active role in promoting sustainability. With technology and advanced processes, these companies have managed to find ways to process electronic waste and reuse it as well. This way, items such as computers, laptops or smartphones do not end up as landfill or pollute the oceans.