American Recycler News, Inc.

 

Liquidity Services completes milestone sale of two billion pounds of scrap material

Liquidity Services, Inc. has surpassed the two billion lb. milestone in the sale of scrap materials to the public. Liquidity Services partners directly with the U.S. Defense Logistics Agency (DLA), municipal government agencies, and Fortune 1000 corporations to sell base materials and scrap metals including ferrous and nonferrous metals, nickel alloy, electronic scrap, rubber, paper, and in rare occasions, even compost and recycled asphalt. Such sales enable clients to achieve important sustainability goals, reduce costs and generate new revenue streams.

“Many of our clients, such as the DLA, Wal-Mart and hundreds of other Fortune 1000 organizations, are seriously committed to zero-waste initiatives which depend on the creation of global marketplaces for the sale and reuse of a wide range of material and equipment. We are delighted that our global buyer base and online marketplaces, such as www.GovLiquidation.com, are contributing to these efforts and have enabled billions of pounds of scrap materials to be reused, repurposed and kept out of landfills,” said Tom Burton, president of Liquidity Services’ Capital Assets Group.

The two billion lb. milestone was achieved with the completed sale of 47.6 million lbs. of recycled asphalt from roadways and runways at Eielson Air Force Base in Fairbanks, Alaska.

Other recent notable scrap sales include: 27 million lbs. of scrap metal from decommissioned military aircraft; 1.4 million lbs. of compost; a 747 jumbo jet sold for its 120,000 lbs. of aluminum, steel and copper wiring; and the USS Long Beach Navy cruiser, sold for its 7.35 million lbs. of base materials.