Dive summary:

• Schnitzer Steel is working with fishermen to recycle old nets that have previously either been dumped at landfills or left on the ocean floor.
• Schnitzer is taking the metal and recycling it into new products such as rebar, wire rod, coiled bar and merchant bar and Covanta is using the non-steel components, such as mesh, to create electricity.
• Last year Covanta processed 350 tons of post-recycled municipal solid waste per day and Schnitzer sold 439,000 tons of finished products throughout the year.

From the article:

Metals recycling company Schnitzer Steel is working with fishermen to recycle unusable heavy equipment such as nets, according to one of the company’s investors.

Jackson Robinson of Brown Advisory Incorporated tells the Wall Street Transcript that fishing nets’ steel components that historically been either landfilled or abandoned on the ocean floor. But Schnitzer is working with waste-to-energy company Covanta to extract this metal and recycle it into new products. Covanta is using much of the non-steel components, such as mesh, to create electricity. ...