Opportunity
Solution
Mid-Atlantic Recycling, LLC’s business area will be to collect, compost/compost, and sell municipal waste for consumer goods. This recycled product will address two important needs:
- It will offer municipalities a cost-effective alternative to the landfilling of waste.
- It will be able to meet growing demand for organic soil fertilizers and enhancers. Human waste sludge is the material that will be recycled.
Market
Our products and services will be of benefit to both end customers in our supply chain. Our service will provide an alternative method of disposing of waste for municipalities. Our compost product will also benefit homeowners, lawn care companies, landscapers, garden centers, nursery owners, and federal government officials for highway construction reseeding. Our product will also benefit two key market segments, the ones that provide services to waste treatment facilities and the consumers who use it.
According to the Worldwatch Institute, landfills are overflowing while disposal costs for sewage and garbage are rising. Leaders of cities can ease the pressure on municipalities, reduce pollution and aid farmers in building healthier soils. The average time it takes for a state to empty its landfills is six years. (Paper 135: Recycling Organic Waste: From Urban Pollutant to Farm Resource.) We provide a service which allows municipalities to dispose their waste without the need for it to be placed on land. This service is of great benefit to the customer.
Our compost users are the final stage of our process. According to Cornell University (www.cals.cornell.edu/dept/compost.feas.study.html) composting is experiencing a resurgence of activity which is driven by increased understanding of the agronomic benefits of compost utilization, and rising disposal costs for municipal wastes. Also, according to Purdue University (www.ctic.purdue.edu/Core4/Nutrient/ManureMgt/Paper35.html) consumption of compost in the commercial market is growing due to people looking for a more organic or natural substitute for traditional chemical fertilizers. Recycling is at the forefront of responding to this growth trend in the Mid-Atlantic USA. In the beginning, we will sell compost to landscapers, nursery owners, and fertilizer producers. We already have commitments from a fertilizer manufacturer and a landscaper to purchase 600 tons per year or more of our compost material.
These are the five largest market segments that compost is available in:
- Agriculture (for food and nonfood crops and sod farms).
- Landscapers (for industrial and commercial properties; golf courses, cemeteries, and athletic fields; landfill covers; and damaged soils).
- Nurseries (for planting trees and seeds and reforestation).
- Public agencies (for highway median strip, parks, recreational area, and other public properties).
- Residents (for gardening and landscaping at home).
Competition
Our service offers a feasible, even desirable, alternative to traditional means of disposing of human waste. Our product is a value added, soil enhancer that appeals to the growing environmental conscientiousness among consumers. Direct competition is almost nonexistent. We are determined to be the most economical and logical choice for human and animal waste disposal and compost production in West Virginia, and the Mid-Atlantic region.
Expectations
Forecast
The start-up funding will be provided as follows: Owner equity investment of in the form of a loan from the Regional Council of Governments Revolving Loan Fund; this loan is secured by the owner’s real estate assets. The Regional Revolving Loan Fund (or Regional Revolving Loan Fund) is an economic development program sponsored by three West Virginia county: Mercer Greenbrier, Monroe, and Monroe.
Financial Highlights per Year
Finance is required
Two sources will loan us nearly $1,000,000. The $850,000 loan is based on our assets, and the $150,000 loan from the owners.