Aluminum recycling is important to our nation’s economy and environment and is a valued process at Soave Enterprises’ affiliate Ferrous Processing & Trading (FPT). In fact, aluminum scrap is one of the most widely recycled metals at FPT and within the industry in general. This is because aluminum is very abundant in our society and is easily recyclable. Take the aluminum can for example. Earth911 reports that every minute, an average of 113,204 aluminum cans are recycled. An aluminum beverage can is 100% recyclable and is usually used, recycled, and back on store shelves in the form of a new can within just sixty days.
A Sustainable Resource
Discovered in the early 1800s, Aluminum is the most prevalent metal on earth. The EPA reports that in 2009, 50.7% of all aluminum was recycled, and two-thirds of all aluminum mined is still in use today because aluminum scrap metal is so durable and highly recyclable.
Soave Enterprises recognizes that there are many environmental benefits from recycling aluminum scrap metal. Aluminum is unique in that it can be recycled again and again without compromising its structure or properties. Aluminum recycling preserves natural resources, saves energy and time, and also saves money. Moreover, it is actually more effective to make something new from aluminum scrap than from virgin ore, so it just makes sense to reuse what has already been mined and to preserve natural resources. In addition to preserving land resources, aluminum recycling also saves vast amounts of energy – in 2007, the EPA reports that 54 billion cans were recycled, saving the equivalent of 15 million barrels of crude oil, or America’s entire gas consumption for one day.
The Value of Aluminum
For Soave Enterprises and FPT’s customers, the economic benefits of aluminum recycling are as substantial as the environmental benefits. According to Earth911, the aluminum can is the most valuable consumer container to recycle and has the highest consumer recycling rate in the country. In fact, the aluminum recycling industry pays out over $800 million dollars every year for empty aluminum cans. This money is often used to help non-profit organizations, individuals or group fundraising efforts, or is paid directly to private consumers. Aluminum cans and other aluminum scrap are collected at scrap metal recycling facilities or at designated community drop-off locations. In addition to aluminum cans, aluminum scrap can be sourced from gutters and siding, automotive parts, industrial waste, and more. Because aluminum has such a significant market value, companies and individuals are highly incentivized to recycle their aluminum scrap so the industry is expected to remain strong.
Aluminum scrap metal is accepted at all Ferrous Processing & Trading recycling facilities. From the largest industrial or manufacturing clients to each individual private customer, Soave Enterprises and FPT welcome aluminum scrap and are proud to play a part in helping the economy and environment through aluminum recycling.
About Soave Enterprises and FPT
Ferrous Processing & Trading is one of North America’s premier processors, sellers, and recyclers of scrap metals of all kinds. They are supported by the unique skills and experience of the management, commercial, and operations teams at Soave Enterprises. Their ownership assures both financial strength and a deep commitment to the industry and their customers. FPT’s reputation is built on the core values of integrity, expertise, responsiveness, and creativity in the scrap metal recycling industry.
About Anthony Soave and Soave Enterprises
Soave Enterprises is a diversified management and investment company founded by Detroit businessman Anthony Soave that provides strategic planning, financial and other management resources to its affiliated business ventures in the real estate, automotive retailing, beer distribution, scrap metal, industrial services and transportation industries, among others. For more information on Anthony Soave and Soave Enterprises, please visit http://www.soave.com.
3400 E Lafayette
Detroit, MI 48207