Almost 68% of Steel is recycled, making it the most recycled material in the US. The company intends to contribute to this number with a byproduct of their energy creation process. Steel is recovered from rubber waste material, mainly tires, which the company uses in the conversion process. It is stored and sold on the open market as recycled steel. This adds yet another revenue stream to the company’s business model.
Today steel is Vital to the US. The industry represents a $50 Billion dollar industry; $75 Billon if one includes the additional industries created. The US is the largest producer of Steel in the world as steel producers in the US account for 13% of world production.
The Steel recovered by Alliance has multiple benefits. For one it provides an instant revenue stream for the company with minimal processing costs. It also contributes to the supply of recycled steel without using excessive amounts of energy. This is beneficial because Steel production uses 3% of total US energy, a very significant amount for only one industry. This all leads to a decrease in US reliance on foreign energy.
This is just one example of the company’s many revenue streams. Right now, the company sees five streams of revenue from the conversion process: Rubber Waste Disposal, Electricity, Steel, Carbon Black and Fruits/Vegetables. This exemplifies the diversity in the company’s mix of products and services.
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