ISRI Receives Commerce Department Grant for Recycled Materials

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washington d.c. – In recognition of the centrality of its specifications to the global recycling industry market, the Institute of Scrap Recycling Industries (ISRI) is pleased to announce that it has received a total grant of $46,000 from the Department of United States trade. The grant was awarded to ISRI specifically for the advancement of ISRI’s specifications and the association’s work to promote US exports of recycled materials.

“The ISRI specifications are recognized worldwide as the global standard for buying and selling a variety of processed recycled products,” said Joe Pickard, ISRI’s chief economist and director of commodities. “This grant will not only allow us to expand our reach, but also to highlight the recycling industry’s role in positively impacting global commerce, job creation in the United States and much more. We are excited about this award and the work ahead.

The funding, granted by the Market Development Cooperation Program, will be used to create a new interactive online resource on scrap specifications and to support stakeholder outreach to educate stakeholders on industry standards and best practices. Currently published in the ISRI Circular on Scrap Specificationsthe specifications serve both as general guidelines and as a starting point in discussions between buyers and sellers nationally and globally.

“Congratulations to ISRI on receiving a 2021 Market Development Cooperation Program award,” said U.S. Secretary of Commerce Gina Raimondo. “ISRI does essential work to raise awareness of industry standards, international specifications and best practices for U.S. recycling exports and I am very proud to call them a partner in our efforts to make U.S. businesses more competitive at home and abroad.”

ISRI is undertaking a comprehensive revision of the ISRI specifications to reflect current markets for recycled raw materials and to improve its accessibility by governments and industry.

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The Institute of Scrap Metal Recycling Industries, Inc. (ISRI) is the “voice of the recycling industry™”. ISRI represents 1,300 companies in the United States and more than 40 countries that process, trade and consume scrap products, including metals, paper, plastics, glass, rubber, electronics and textiles. Headquartered in Washington, D.C., the Institute provides training in education, advocacy, safety and compliance, and raises public awareness of the vital role recycling plays in the U.S. economy, global commerce , the environment and sustainable development. Generating nearly $116 billion a year in economic activity in the United States, the scrap metal recycling industry provides more than 506,000 Americans with good jobs.

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