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Article: Scrap recyclers regroup; Economy shakes up some segments, though tire-derived fuel remains steady.(News)
- Article from:
- Rubber & Plastics News
- Article date:
- February 23, 2009
- Author:
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Miles Moore
The weak economy and rock-bottom prices for virgin rubber has some scrap tire recyclers looking to alter or diversify their operations, according to industry observers and participants.
Others, however, seem to be weathering the economic storm reasonably well, according to Michael Blumenthal, senior vice president of the Rubber Manufacturers Association.
Not all segments of scrap tire recycling are seeing a downturn, Blumenthal said.
"Tire-derived fuel is still being used even though natural gas, coal and oil have all come down in price, he said.
There are several reasons why demand hasn't gone down for ...