SAN JOSE, Calif.--(EON: Enhanced Online News)--With China expected to continue its policy against accepting most recyclable waste from other nations, the potential revenue generated by keeping e-waste in the United States may manifest itself into substantial gains for Green Technology Solutions, Inc. (OTCBB: GTSO) and its investors.
“If we are no longer able to export e-waste to countries such as China, Ethiopia and India, we have to deal with it here. That means more jobs and more revenue production for U.S. companies.”
Earlier this year China enacted Operation Green Fence, which was initiated to more closely monitor the quality and integrity of secondary materials received from Europe and North America. With China now accepting only the cleanest recyclable scrap and expecting to renew Operation Green Fence for at least one more year, countries such as the U.S. are forced to deal with its own recyclables and waste. Doing so will create new revenue streams for companies and additional jobs in the booming urban mining market that is projected to approach $24 billion by 2018.
“It creates a big market for the U.S.,” GTSO CEO Paul Watson said. “If we are no longer able to export e-waste to countries such as China, Ethiopia and India, we have to deal with it here. That means more jobs and more revenue production for U.S. companies.”
This reinforces GTSO’s plan to develop best practices for recycling precious and rare minerals from e-waste with partners like Chilerecicla as well as development plans for U.S. operations through Green Urban Mining.
Urban mining is pivotal to GTSO’s vision to compete alongside major international corporations striving for sustainable waste solutions, such as Covanta Holding Corporation (NYSE: CVA), Industrial Services of America (NASDAQ: IDSA) and Sims Metal Management Ltd. (NYSE: SMS). Late last year, GTSO acquired the company Global Cell Buyers and soon after rebranded the company as Green Urban Mining to handle its domestic recycling and resale operations.
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. (www.gtsoresources.com) is a growth-oriented company exploring rare earth minerals and precious metals production around the world. To learn more, please visit the website at www.GTSOresources.com/investors.html.
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