By Business Wirevia The Motley Fool
Filed under: Investing
GTSO Works to Bring Latin American Best Practices to U.S. Urban Mining Market
SAN JOSE, Calif.–(BUSINESS WIRE)– As talks with Chilerecicla to expand its urban mining business throughout Latin America continue, Green Technology Solutions, Inc. (OTCBB: GTSO) is making plans to bring best practices learned from its potential new partner to the U.S.
Founded in 2009, Chilerecicla opened the first e-waste recycling plant in Southern Chile and specializes in direct removal of e-waste from clients’ offices for reuse and recycling. It’s a successful business model that GTSO expects to help expand to Chile‘s neighbors as soon as a definitive agreement can be signed.
Latin American nations such as Chile lead the U.S. in recovering unwanted computers, electronics and other gadgets from the waste stream, but the U.S. remains a rich market for urban mining that GTSO is determined to tap. According to the EPA, only about 25 percent of electronic waste is collected in the U.S., with about 38 percent of that waste stemming from computers.
As its relationship with Chilerecicla progresses, GTSO hopes to apply that company’s expertise in isolating e-waste before it reaches the landfill to its recycling efforts in North America, where a growing silicon gold mine remains largely unexploited.
Urban mining is key to GTSO‘s plans to compete alongside major international corporations striving for sustainable waste solutions, such as Industrial Services of America (NAS: IDSA) and Sims Metal Management Ltd. (NYS: SMS) . Late last year, GTSO acquired the company Global Cell Buyers and soon after rebranded the company as Green Urban Mining to handle its domestic recycling and resale operations.
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. [www.gtsoresources.com] is a growth-oriented company exploring rare earth minerals and precious metals production around the world. To learn more, please visit the website at www.GTSOresources.com/investors.html.
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From: http://www.dailyfinance.com/2013/04/12/gtso-works-to-bring-latin-american-best-practices-/
