USA – Ardagh Metal Packaging, a beverage can manufacturer and Crown Holdings have partnered to fund a new grant opportunity as part of their continuing support of activities to spur the installation of aluminum can capture equipment in material recovery facilities (MRFs).
According to a news release from the Washington-based Can Manufacturers Institute (CMI), The Recycling Partnership, Washington, is collaborating with CMI to present these new grants.
CMI says it cannot publicly share the exact amount of funding available from Ardagh and Crown Holdings.
Grants will be awarded on a rolling basis, as The Recycling Partnership works with prospective grant recipients to understand their project timelines.
The Recycling Partnership issues the grants at the time they are needed to catalyze the investment and upgrades.
CMI adds that the number of grants awarded depends on the level of funding that is provided in each grant. CMI says the goal of each grant is to provide funding that unlocks other sources of capital and results in a can capture equipment investment that otherwise would not be able to happen at that time.
“Capturing each aluminum beverage can at MRFs is important since metal recycles forever and used beverage cans (UBC) are consistently one of the most valuable materials in the recycling stream,” says John Rost, Crown’s vice president of global sustainability and regulatory affairs.
According to CMI, this new grant opportunity builds on the five grants that Ardagh and Crown funded in 2021.
Facilitated by the Can Manufacturers Institute (CMI), the five grants given in 2021 to MRFs across the country exceeded expectations.
CMI says the five grants given in 2021 were expected to capture 71 million aluminum beverage cans per year, generating about US$1 million in revenue for the U.S. recycling system.
CMI reports that those five grantees have managed to recover 140 million aluminum beverage cans per year as a result of the investment, higher than what CMI anticipated.
“Ardagh and Crown are generously funding recycling system improvements with significant environmental and economic impacts,” says Scott Breen, CMI’s vice president of sustainability.
“CMI’s can recycling impact calculator shows when the nearly 140 million aluminum beverage cans are captured and recycled each year due to the improvements from these grants, the annual impacts are more than US$2 million generated for the recycling system.”
In addition, Ardagh and Crown financed the development of tools to catalyze additional can-capture equipment installation.
In 2022, CMI made available a complimentary return-on-investment (ROI) calculator, developed by Ann Arbor-based Resource Recycling Systems, that any MRF can use to see the ROI of putting in additional can-capture equipment.
For all the latest packaging and printing industry news from Africa and the World, subscribe to our NEWSLETTER, follow us on Twitter and LinkedIn, like us on Facebook, and subscribe to our YouTube channel.