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At first Yob funded the business with his own profits from Florida real estate sales during the boom years. "Now that my banks see the business makes sense, I'm able to get financing," he adds.
The technology employed in CRS' David is rivaled by that used by only a handful of other companies in the U.S., although there are numerous such plant-size e-waste recycling machines in Europe. Currently, though, at the prices CRS can afford to pay for its raw e-waste stream, it's still more profitable for companies to ship waste abroad than to process it here at home in a safer, environmentally conscious manner.
Among the companies that recently signed contracts to send e-waste to CRS are Panasonic and Toshiba. "They are sending us their used-up products that consumers have turned in," Yob says. "This kind of recycling from original equipment manufacturers (OEMs) is just getting going."
You only need to talk to Yob for a few minutes before you realize that, for a former Florida real estate investor, he got bitten pretty hard by the ecology bug. "We should be looking at old electronics not as waste, but as goods or products, resources," he evangelizes. "It should be returned to the world market." CRS, for example, sells aluminum, steel, copper, and precious metals such as gold, silver, and palladium, as well as plastics, to companies around the world that reuse these materials in new products. "There is real value in that material."
So far, CRS' facilities are only on the East Coast. Yob's research efforts already have resulted in a way to clean and recycle the glass in cathode-ray tubes. Now he's in talks with a company in The Netherlands about using its technology to change the molecular structure of used plastics so that the material can be reused to compete with virgin plastics in new products.
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