Closed Loop fines exceed 18 Million for CRT Abandonment
The largest CRT Glass abandonment in US history will cost Closed Loop fines in excess of 18 Million dollars according to a court document from Franklin County Courts. According to the documents an estimated 113 Million pounds of crushed CRT Glass and an additional 15 Million pounds of e-scrap was collected then processed in a way that rendered the contaminated CRT glass useless to legitimate downstream operations and feedstock buyers. Industry experts testified Closed Loop failed to segregate the leaded funnel glass from the panel glass resulting in 14 Million dollars in cleanup costs. Additional testimony from property owners and managers resulted in a judgment against Closed Loop owners Brent Benham, David Cauchi and Brian LaPort for unpaid occupancy fees, utility costs and rent in excess of 4 Million Dollars plus interest. The Closed Loop fines can be appealed and ATR will report on any updates as this story plays out.
Did ATR send any CRT glass to Closed Loop?
ATR discontinued using Closed Loop for CRT glass processing many years ago due to inconsistencies in their downstream audits and questionable storage practices. The latest round of Closed Loop fines verifies our compliance teams findings and we commend their efforts for identifying these issues long before it had an impact on our customers. Unfortunately, Closed Loop also has additional properties in Ohio and an estimated 50 Million pounds of CRT glass is still spread out across 3 locations in Arizona.
Who will pay the Closed Loop Fines?
It remains to be seen if the Closed Loop fines will ever get paid but regardless of the outcome the contaminated glass must be cleaned up and someone has to pay for it. The recycling landscape has changed over the past few years. Commodity prices will remain low, labor costs are continuously going up and reputable companies are getting harder to find. Advanced Technology Recycling certifies all 9 locations of our locations to the R2:2013 and ISO:14001 standards. Our technological approach to transparent and real-time asset tracking is unmatched in our industry. ATR customers have unprecedented access to internal processes including live video feeds sent directly to your desktop or smart phone. We’re also offering a convenient and economical 360 Degree Virtual Reality option for visual verification customers that need to witness the secure destruction process taking place. This newest technology puts you right there and uses a standard smartphone and Google cardboard headset or equivalent set of goggles to view the entire process as right from the comfort of your office. You can see examples of this technology on our Youtube channel from a Guinness World Record breaking event on Earth day or browse our Facebook videos.
Time to Rethink Electronic Recycling and ThinkATR!
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