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"With a long-term commitment, a private company like HNSE can develop markets for recycled materials and make the types of investment in technology and infrastructure that would provide enormous returns for the city--not just in cost savings, but in environmental benefits and the creation of jobs and opportunity for New York City residents."
In an effort to revive New York's recycling program and obtain additional material, Hugo Neu Schnitzer East (HNSE) has offered to pay nearly $20 per ton less for metal, plastic and glass collected by the city's Sanitation Commission.
Officers of HNSE said that bids structured like theirs provide a way for recycling to remain a habit for New Yorkers.
According to HNSE, the city currently pays an estimated $110 per ton for the transportation and disposal of plastic and glass in the solid waste stream.
HNSE currently recycles metal collected by the city, which amounts to an average of 6,500 tons per month.
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