Pennsylvania-based company says its service can save on replacing costly stainless steel components.

Hanover, Pennsylvania-based Gerard Daniel Worldwide says recyclers and other users of vibratory separator machines have a bottom line-related reason to consider its screen refurbishment service.

“With Gerard Daniel’s rescreening program, users can recycle their screens and save money—in most cases more than 25 percent per screen,” the company says. Gerard Daniel says it developed the program in response to the increasing price of stainless steel, saying the cost of the metal has doubled since 2020.

Using what it calls a proprietary process designed to preserve the rings in as-new condition, Gerard Daniel’s rescreening program removes old worn screens from their frames. After removing the epoxy and mesh from the rings, the screens are replaced and the assemblies are returned to the customer, ready to use, according to the firm.

“The greater the number of screens shipped to Gerard Daniel at any given time, the greater the savings by virtue of amortizing the shipping costs over higher quantities,” the company adds.

Gerard Daniel says users who are not seeing optimal productivity from their machines can benefit from the knowledge of its application engineers—mesh “experts” who can recommend a mesh replacement to improve performance without having to purchase completely new assemblies. Gerard Daniel also can store customers’ screens as inventory in its warehouse.

The company says it has deep supply chain resources and multiple locations in the United States, as well as Canada and Ireland, to respond to customer needs quickly.

SteelMint event in Bangladesh will examine regional steelmaking supply and demand scenarios.

India-based metals information company SteelMint will host a Raw Material Conference-Emerging Bangladesh event in Chittagong, Bangladesh, from Sept. 20-21.

“Bangladesh is one of Asia’s key emerging and fastest growing economies,” SteelMint says. “Its galloping growth rate requires infrastructure development at an unprecedented scale, underscoring the demand for steel, cement, power etc. It is globally the second-largest destination for scrapped ships and one of the largest ferrous scrap consumers with imports touching 4 million tons currently.”

The nation’s steelmaking capacity could grow from 1 million metric tons in 2014 to 13 million by 2025 if announced projects come to fruition. Its scrap imports, likewise, have risen from 500,000 tons in 2014 to nearly 4 million last year.

Regarding its event at the Hotel Radisson Blu in Chittagong, SteelMint calls it a “unique platform to bring key industry leaders together with global suppliers to discuss technology, trends, fresh ideas and potential business opportunities.”

The conference has been designed to attract “major raw material and technology suppliers from all over the world with an objective to network with steel, scrap, sponge iron/direct reduced iron (DRI) producers, traders and indenters in Bangladesh.”

Speakers and panelists lined up for the event represent numerous companies, including steelmaker BSRM, the Ministry of Industries of Bangladesh, and scrap companies United Arab Emirates-based Indicaa Group, United Kingdom-based EMR Ltd. and Nathani Industrial Services of India.

More information about the event, including how to register, can be found here.

PureCycle says its Ironton, Ohio, site remains on track, with mechanical completion expected in the fourth quarter of 2022, followed by initial pellet production by year-end.

PureCycle Technologies Inc., Orlando, Florida, has released a corporate update on operations and company expansions for the second quarter ending June 30.  

"PureCycle continued to build on its operational momentum during the second quarter of 2022 and execute against its strategic growth plan,” says Dustin Olson, PureCycle CEO. “PureCycle aims to mitigate its environmental footprint through proactive evaluation of operational impacts from preprocessing through pellet production. We look forward to updating the market with a more in-depth evaluation once our Ironton facility becomes fully operational."  

PureCycle says its flagship purification facility in Ironton, Ohio, remains on track with mechanical completion expected in the fourth quarter of 2022, followed by initial pellet production by year-end. The company is in the final phases of construction with 14 of the 26 modules delivered and lifted into place. Additionally, the company is nearing completion of its feed preprocessing build and full commissioning is underway. The Ironton purification facility will have an annual capacity of 107 million pounds annually of ultrapure recycled resin.  

“The operational startup of our flagship facility in Ironton remains on track and marks a significant milestone in PureCycle's commercial path to addressing the global plastic waste crisis.,” Olson says.   

During the second quarter, the company's engineering, procurement and construction activities at its first multiline purification facility in Augusta, Georgia, continued to progress. In light of the current economic climate, projections anticipate mechanical completion, startup and full commissioning in 2024. The PureCycle team is integrating lessons learned and improvements from the Ironton construction into the Augusta development, which is expected to improve installation efficiency.  

PureCycle says it will receive an agency opinion letter for the use of food-grade postindustrial recycled materials for all food types under Conditions of Use A-H. It also received a letter of no objection (LNO) for all food types under Conditions of Use E-G for food-grade postconsumer recycled feedstock. The company says it plans for additional testing and intends to make further LNO submissions for additional postconsumer recycled sources and expanded conditions of use.  

The company recently announced three leadership changes effective Aug. 5. Mike Otworth, chairperson of the board of directors and CEO of PureCycle, resigned. Dustin Olson, PureCycle chief officer and chief manufacturing officer, was promoted to the role of CEO and joined the company's board of directors. Olson has been with PureCycle since 2021, leading technical, manufacturing and project operations. Dan Coombs, a current member of PureCycle's board of directors, was appointed to the newly created position of executive chairperson of the board of directors.  

PureCycle says it continues to advance its feedstock procurement pipeline, with about 329 million pounds of polypropylene under a letter of intent, to fully supply the first two lines of PureCycle's Augusta purification facility. PureCycle says its current feedstock supply pipeline is made of three waste streams: postconsumer noncurbside, postconsumer curbside and postindustrial. During the second quarter, PureCycle's PureZero program expanded its recycling partnerships to include the Jacksonville Jaguars. PureCycle is also continuing with an expanded list of targets outside of stadium venues to advance PureZero concepts.  

Augusta's purification lines one and two are currently at 70 percent, allocated through multiyear offtake contractual agreements and commitments, with volume from packaging converters. PureCycle says it continues to progress on negotiations for the remaining 30 percent of available offtake. The company says the market's continuing interest in its UPR resin is demonstrated through the offtake allocation of the Ironton facility and the acceptance of its Feedstock+ pricing model being implemented at Augusta.  

The company says it continues to develop three regional feedstock preprocessing facilities along the East Coast. The aim is to enhance feedstock supply for the Augusta multiline purification facility and maximize transportation efficiencies. PureCycle anticipates its first regional preprocessing facility in central Florida to be operational during the fourth quarter of 2022, with an annual sorting capacity of 115 million pounds of mixed plastic.   

During the second quarter, PureCycle selected two new locations to supply the Augusta multiline purification facility: Denver, Pennsylvania. The facility will also be supplied on-site. Additionally, the company says it anticipates preprocessing facilities in Denver, Pennsylvania and Augusta to be operational in the second half of 2023. The Denver, Pennsylvania preprocessing facility is expected to have a sorting capacity of 175 million pounds annually. The Augusta preprocessing facility is expected to have a sorting capacity of 263 million pounds and a wash capacity of 331 million pounds annually.  

As of June 30, the company is reporting total liquidity of $516.4 million, including $349.8 million of cash, cash equivalents and debt securities available for sale and $166.6 million in restricted cash. PureCycle had $249.6 million in debt and accrued interest, less than $16.6 million of discount and issuance costs. PureCycle's Ironton flagship purification facility's budget estimate is about $300 million, primarily funded through bond financing.  

"We are pleased that project debt financing is expected to be completed by the fourth quarter of 2022,” says Larry Somma, PureCycle's chief financial officer. “Upon the anticipated closing of this transaction, we expect to have sufficient capital to fund Augusta's first two purification lines and three East Coast preprocessing facilities." 

The system brings high-temperature hydrogen gas cutting technology to the scrap recycling industry. 

Palm Beach, Florida-based Hydrogen Cutting Systems LLC (HCS), a division of Palm Beach-based Total Combustion, has announced a new proprietary hydrogen torch system.   

According to a news release from the company, the system brings high-temperature hydrogen gas cutting technology to the scrap recycling industry. While leveraging traditional gases such as propane or acetylene as propellants, the system infuses hydrogen. The system reduces emissions, reduces ongoing operating expenses and increases productivity.   

The torch cutting solution is made through proprietary technology that provides hydrogen on-demand. By delivering a continual flow of hydrogen and blending it with the minimum amounts of oxygen and other gases, the system delivers a high-temperature cutting flame.   

The company says the cutting process benefits from the high temperatures in many ways. It immediately combusts particulate matter, reducing emissions and smoke. The burn rate for oxygen and propane or acetylene also is reduced, lowering ongoing operating costs. Finally, the torch is easier to use, which increases productivity for each torchman.   

Developed by scrap industry veterans in combination with top-flight engineers, Hydrogen Cutting Systems is offering the system in a modular, fully portable platform. Each unit can support up to four torchmen, and multiple units may be used at the same job site.   

The system will be unveiled during Scrap Expo 2022, where HCS will be at outdoor booth No. 8. Live demonstrations will be offered. For more information, contact Jacob Youngman or click here.   

The association says the Inflation Reduction Act of 2022 includes taxes that would discourage investment and undermine economic growth.

The National Waste & Recycling Association (NWRA), Arlington, Virginia, joined the U.S. Chamber of Commerce and other associations in a letter to members of Congress urging them to oppose the Inflation Reduction Act of 2022. The bill passed the Senate on Aug. 7 and is awaiting approval by the House of Representatives.   

“We recognize that various provisions of the legislation are being updated,” says NWRA President and CEO Darrell Smith. “NWRA calls upon members of Congress to reject the misguided corporate book minimum tax. Increasing taxes on American job creators during a time of economic uncertainty has historically proven to be a costly mistake for our nation.”  

The legislation’s goal is to reduce the deficit and lower inflation while investing in domestic energy production and lowering health care drug costs. In a statement released earlier this week, President Joseph Biden said the bill would reduce the deficit by more than $300 billion. This includes near-term deficit reduction that would also reduce near-term inflation.   

However, the association says the Inflation Reduction Act of 2022 includes taxes that would discourage investment and undermine economic growth. Additionally, it would have little to no impact on inflation and may increase inflationary pressure in the near term.   

The letter says enacting the proposed tax would be the antithesis of sound tax policy and administration. Its introduction would be neither simple nor administrable and would pose a competitive disadvantage to U.S.-headquartered businesses while increasing the incidence of unrelieved double taxation. It would also have a detrimental effect on the quality of financial reporting.  

Book income reporting standards are set by the Financial Accounting Standards Board (FASB), a nonprofit, private sector organization. The letter states conforming taxable income to the book income standards set by FASB would outsource standards for tax purposes that Congress should be setting. It would also contradict decades of practice in the accounting and auditing fields.  

“This is the absolute wrong time to increase taxes on American job creators or implement price controls on American innovators,” the letter states. “We urge Congress to reject this misguided legislative package.”