New app helps businesses maximise value of recycling

A new web app promises to make recycling more financially rewarding for businesses according to its developers Element Green Recycling.

Called Green Alchemist, the app provides the latest material prices enabling businesses to find out how much their sorted recycling is worth on the waste stock market. 

Businesses can input their postcode and the weight of their recyclable materials to find out how much they are worth and either auction this material to waste couriers nearby or receive quotes for it to be collected. In turn, waste couriers can access the app for free (for the first year) to find businesses with sorted recyclable waste in their area and bid to buy or collect this material.

The app’s auction facility can also be used to sell office furniture and electronic goods as well as recyclable materials.

Businesses have to subscribe to the service, £49.99 for a year (or from £9.99 for one month).

Element Green Recycling’s ceo Ayo Isinkaye commented: “Due to the high demand for uncontaminated recyclables from the reprocessing industry we have identified a market opportunity for businesses to make money from their sorted recyclable waste.

“We are confident the app will empower businesses to ensure they realise the best possible value for their waste.”

The Green Alchemist was developed with funding from Ordnance Survey’s GeoVation.