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Bankruptcy of CRT Refiner

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    Swampy started this thread.
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    Bankruptcy of CRT Refiner

    I just caught an article about the bankruptcy filing of Creative Recycling. It apparently had a presence in several states and in addition to e-waste in general, had a "sub specialty" of sorts (my words, not theirs) in CRT recycling specifically. After that, I googled a bit and found more articles. It's very interesting on a number of counts, not the least of which is what the company plans to do with (apparently) millions of pounds of CRT material. One blurb I caught said they planned to get rid of 75% of it quickly to companies in the U.S. and India ... which I found curious. No breakdown on the USA vs. India percentages, but makes me wonder.



    It also sounds like there 2 or 3 companies and a hedge fund interested in buying them, so someone must see this as viable. I suspect it was an issue of too much debt, though again I've only managed a cursory review at this point.

    Another very interesting thing was they were the "state e-waste contractor" for Kentucky and now Kentucky is starting to stockpile material until they can find another company to handle it. That's a huge opportunity for someone, but unfortunately it will have to go to a big player (I would think) due if nothing else, to volume alone (nevermind certifications a state would require).

    Anyway, I thought it was interesting. If anybody wants to read up on it, just google something like "Creative Recycling Bankruptcy".

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