Nicaragua Ready to Export its Recycled Material

    WASHINGTON, DC, June 08, 2013 /24-7PressRelease/ -- An alliance between environmental groups, private sector companies and non-governmental organizations (NGOs) have decided to take advantage of the 2,080 tons of daily waste that Nicaragua produces for recycling raw material, with the aim of selling the recycled products to other countries.

The Alliance for Inclusive Recycling Development in Nicaragua, seeks to attract foreign investors to install a recycling plant. This initiative was developed due to the fact that the country only recycles a fraction of its waste.

According to the Avina Foundation, a Latin American foundation working to promote sustainable development in South America, Central America and Mexico, Nicaragua is only using 8 percent of recyclable material, and yet has generated more than US$40 million in exports.

The leader of the Association of Recyclers of Nicaragua (ASORENIC), Reyna Rodriguez, explained that in 2012 Nicaragua exported a total of US$43.8 million in scrap metal, plastic waste and waste from food and other recyclable material.

The country generates 5,200 tons of daily waste, of which 40 percent is raw material that can be recycled (2,080), this shows that Nicaragua offers a large opportunity for investors in this industry.

The Alliance, comprised of Avina Foundation, ASORENIC, and the NGOs Africa 70, Red Nica, Club of Young Environmentalists and Platform for Sustainable Development of Nicaragua, also promotes the adoption of a Waste Management Law and seeks to change Nicaragua's recycling philosophy as well as dignify the work of recyclers, among other objectives.

PRONicaragua is the Nicaraguan Investment and Export Promotion Agency, established in 2002. It is a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The agency provides complimentary support services to qualified investors seeking investment opportunities in our country. For further information, please contact us at (505) 2270-6400 or http://pronicaragua.org.

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