Costa Rica: Virtual Exchange for Selling Waste

The National Recycling Strategy announced by the administration Solis contemplates the implementation of a virtual stock exchange in which companies from different sectors can sell waste materials.

Wednesday, May 18, 2016

The initiative aims to give value to industrial and waste materials that can be reused as raw materials in different productive activities. reported that "...This is a digital platform where users, mainly companies, may offer waste and, likewise, seek waste materials that could serve as inputs for their respective activities. The goal, according to the official document, is to 'boost the supply and demand of waste in a practical, user-friendly and simple manner'. "

"... The environmental director of the Association of Entrepreneurs for Development (AED), Manfred Kopper, believes that this mechanism has great economic potential. 'There are many industries that generate large volumes of waste and do not know where to sell them. For example, let's say that Grupo Nation has a lot of waste paper that it will no longer use and it does not know who to sell it to. In the exchange you can find who the highest bidder is.' "

Although it has not yet been defined how prices are fixed, authorities at the Ministry of Health said it could be done through a bidding system where companies would make their offers. The exchange could start operating in the second half of this year.

See more information on the government's National Strategy for Recycling . (In Spanish)

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