ITAD and electronic recycling facilities that will recalibrate
The ITAD and electronics recycling firm says the demand for its services is growing as more electronic devices are thrown into the trash stream. ERI claims that the Southwest has seen “particularly strong and robust growth.”
As more electronics are added to the landfill every annually, ERI is planning to establish three brand new ITAD and recycling centers for electronics in 2024 as part of a strategy for the future to “recalibrate” its footprint in the Southwest and meet demands, the company announced last week.
ERI is a company that provides electronic asset disposal and IT Recycling, destruction of hardware and IT services will announce three locations later this year. The company stated that they’ll have to be “strategically located” to fit ERI’s current operations. The company claims it will serve all 50 states.
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In the course of its plan to close its operation located in Aurora, Colorado, and transfer its operations to the new, bigger recycling facility, ERI was built earlier in the year, just outside Phoenix, Arizona, according to a press announcement.
Electronic waste has been identified as one of the fastest-growing waste streams in the United States in the estimation of the U.S. EPA, and recycling companies for electronics like ERI and a few refurbishers anticipate that market opportunities will grow with the demand. A ITAD study conducted by E-Scrap News in August showed that a majority of companies were positive regarding this ITAD market and were planning to invest in significant infrastructure investment over the next few months as the demand for services increased.
“We have seen an increasing demand of ITAD or electronic waste recycling services across the nation. The Southwest is among the regions that have shown an especially strong and solid growth. That’s why our new Arizona location is strategically placed to accommodate this increase,” said John Shegerian, ERI’s CEO, co-founder, and chairman, through an email.
Shegerian has also cited an increase in need for services for solar panels and batteries, and a rise in interest from companies who want to meet ESG and sustainability targets. Recent federal government funding to recycle batteries has also placed recycling efforts for electronics on the map.
“With continuous innovation in electronic devices There will always be a need for responsible recycle old and obsolete electronic devices. This means that there’s an ever-growing opportunity to benefit from ITAD and e-waste recycling. ITAD or e-waste disposal industries to expand,” he said.
Companies like Closed Loop Partners are also investing into the ITAD and electronic recycling sector. In 2021, Closed Loop’s Leader Fund, which is part of the private equity unit, was announced to have signed an agreement together with ERI in order to make “a significant strategic investment” in the company.
The leadership fund also invested in Apkudo, which is an electronic reverse logistics firm, as well as the company Sims Municipal Recycling. HTML0In 2019 Closed Loop also purchased an entire part within Balcones Resources, a Texas-based recycler, with the help of the fund for leadership.
As more and more electronics are thrown into the trash flow, “there is a critical need to advance solutions that keep electronics in circulation — and ITAD, together with solutions like circular design, collection, refurbishment, reuse and recycling, plays a key role in this work,” said Beatrice Minana, a spokesperson for Closed Loop Partners, in an email.
Alongside its ongoing investment plans, Closed Loop “continues to find opportunities to support circular solutions and infrastructure across the electronics value chain” including recycling and manufacturing potential which “keep more of these valuable materials in circulation,” she added.
Many states are contemplating legislation to allow right-to-repair which includes California. While Shegerian believes that such legislation will have any significant influence on ITAD as well as the e-scrap and ITAD sectors, ERI is “certainly in favor of the right-to-repair idea since it’s at the highest level to recycle. When things come in our door, rehabilitating is the first option that should be considered,” he said in an email.