The Economic Impact of Recycling Ferrous Metals in New Jersey
Recycling ferrous metals—primarily steel and iron—extends far beyond environmental benefits; it plays a pivotal role in strengthening New Jersey’s economy. At Clifton Metals Recycling, we recognize that our operations contribute significantly to local employment, energy conservation, and the state’s overall economic health.
A Vital Economic Contributor
New Jersey’s recycling industry is a robust sector, employing approximately 27,000 individuals and generating approximately $6 billion annually. This includes a diverse workforce engaged in collecting, processing, and manufacturing recycled materials. Ferrous metals, being among the most recycled materials, form a substantial part of this economic activity .
Job Creation Across the Supply Chain
The recycling of ferrous metals supports a wide array of jobs. From yard workers sorting materials to truck drivers transporting loads, the industry provides employment opportunities at every step. Recycling one ton of metal can create significantly more jobs than sending it to a landfill, highlighting the sector’s role in local employment.
Energy Savings and Environmental Benefits
Recycling ferrous metals conserves energy and reduces environmental impact. For instance, recycling steel requires 56% less energy than producing new steel from iron ore. This energy efficiency translates into cost savings for manufacturers and a reduction in greenhouse gas emissions, aligning with New Jersey’s sustainability goals.
Economic Incentives and State Support
The New Jersey Department of Environmental Protection (NJDEP) actively supports recycling efforts through grants and incentives. In 2019, the NJDEP awarded over $14 million in grants to local and county governments to enhance recycling initiatives. These funds assist municipalities in improving recycling infrastructure and programs, further bolstering the state’s recycling economy.
Clifton Metals’ Role in the Local Economy
As a key player in the recycling industry, Clifton Metals Recycling is committed to contributing to New Jersey’s economic growth. Our services not only facilitate the responsible disposal of ferrous metals but also support local businesses and communities by providing employment opportunities and promoting sustainable practices.
Conclusion
Clifton Metals actively works to contribute in New Jersey’s ferrous metal recycling thereby helping the economy of the state and the United States.
Hope the tips mentioned in this article help you to get the best out of your scrap.
Are you a manufacturer seeking sustainable metal solutions? Let Clifton Metals’ recycling services highly trained experts in scrap metal handling help power your production with quality recycled metals, keeping costs low and the environment clean. Contact us today to learn more.
