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Glass group explores lease-to-own program for MRF equipment

机译:Glass group explores lease-to-own program for MRF equipment

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The Glass Packaging Institute is developing a leasing model to help more MRFs finance glass cleanup systems. The initiative, which may be rolled out by this fall, is part of GPI's work to support MRFs in implementing best practices to recover clean, recyclable glass for bottle manufacturing. It comes after the Can Manufacturers Institute (CMI) unveiled its own lease-to-own financing model in June to help MRFs install aluminum can sorting equipment. "It's really kind of a lease payback system where you do consider the value of the commodity - the increased value of the commodity that's coming out - and for a couple of years you use that differential to help repay the investment," DeFife explained. GPI has long touted best practices for MRFs to recover glass from single-stream collection systems, which tend to break and intermingle glass with other recyclables. DeFife noted the Glass Recycling Coalition, which was formed by GPI, created the MRF Glass Certification Program, through which sorting facilities that install equipment and follow glass sorting best practices can earn recognition for their efforts. So far, about a dozen MRFs have gone through the certification program, he said.

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