For the copper recycling part of the business, we currently have 2 machines that will fulfill the need. We have a recycling machine for small diameter (high Gauge) wire which essentially separates out the copper from the wire. The copper then can be recycled from the loose pieces that are separated and sold to a smelter to make copper ingots once again. The other machine that we have is an industrial size wire stripper which strips the plastic lamination from large diameter (low Gauge) wires.
Unfortunately, we have not been able to dive into the business due to the large fluctuations in the prices of copper over the last 3 years. The price of copper went from $3.40 per lbs in 2013 to $2.00 per lbs in 2015. The copper prices are finally beginning to settle around the $2.70 per lb in 2017. We will be able to start the recycling plant once the copper prices settle and have minor fluctuations.
All of our machines go through a proof of concept (PoC) phase when we install them. The copper machine has gone through the PoC, which will make flipping the switch to production extremely easy.
We are planning to also start PET/PP and nylon recycling in the near future. Due to heavy fall in prices of crude oil from a high of $102 per barrel in 2014 to a low of $32 per barrel in 2016, we were not able to justify an economical business model that would allow to us to even break even. We need the per barrel prices to be higher to be able to have an economical business model that not only lends itself to make a profit, but also allows itself to be salable.