Compounding market leader PolyOne Corp. has teamed up with Greenpak Inc. to create a free industrial package recycling program for PolyOne customers.
The program will allow for the reuse or recycling of pallets, boxes, and metal and fiber drums. Officials with Avon Lake, Ohio-based PolyOne and Parkersburg, W.Va.-based Greenpak Inc. said the program can reduce customers' costs, including landfill fees.
In a yearlong pilot program, PolyOne and Greenpak were able to divert more than 7 million pounds of packaging from landfills, officials said.
PolyOne customers can work with Greenpak to determine what packaging can be recycled. Greenpak then will establish a pickup schedule based on customer needs.
Founded in 1950, Greenpak now is an international recycling and recovery firm with more than 2.5 million square feet of warehousing space.
PolyOne ranks as North America's largest compounder, with a market share estimated at 12 percent.
The firm posted sales of about $2.5 billion in 2005.