Not necessarily eye opening, but more of a confirmation of what you already knew. But I thought I would add a twist to drive the point home.
In high school, I was lucky enough to be part of FBLA (Future Business Leaders of America). For those unfamiliar with the program, it was an effort to teach high school students practical skills and concepts into “how a company operates”. Sorta made famous in the film Risky Business, Tom decided to run a brothel instead of doing paper-towel holders or fire logs. My team wasn’t quite as ambitious, we did the fire logs.
Fire logs are pretty simple to manufacture…mix sawdust and wax, put it in a mold, then package it for sale. This is what stood out for me…the biggest component sawdust, was free. As in, it’s a waste product of the wood process. The mill gave it to us just to get rid of it.
Let’s apply this to a barrel of oil. Refining 45 gallons of crude oil produces mostly gasoline and diesel, along with jet, hydrocarbons, lubes and some asphalt. About 4% (2 gallons) falls into the hydrocarbon category. This is what is used to make plastics in whatever form we consume them. In other words, it’s a byproduct that will be there no matter what you do. It’s basically free as well.
The point…how can a recycling program with all the inherent costs and logistics compete with a super low-cost byproduct used a raw material? It can’t, and won’t, ever! Even if you could efficiently recycle some portion of the waste stream, what would you do with the by-product still being produced with each barrel of oil.
I want to be a good steward for the planet, but that does not generate profit. Some will say that electric vehicles will reduce the number of barrels per day, I’m not convinced of that yet. And just like a typical human, we’ve already obliterated the potential benefit of EVs…9,000 pound vehicles that can go 0-60 in 3 seconds. My guess is we are being short sided and trading one problem for a potentially much greater problem. Save that conversation for another day.
Anyhow, evidently there were 50 trackers inserted in the plastic bag bins. 46 ended up in landfills, 4 ended up overseas somewhere. Hopefully not a surprise for anyone. Just need some smart people to solve the riddle.
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Transformative Business Executive | Growth Strategy Leader
1wLooking good guys