Latest news with #MRFs
Yahoo
28-05-2025
- Business
- Yahoo
NERC notes slight commodity value improvements, while MRFs announce significant upgrades
This story was originally published on Waste Dive. To receive daily news and insights, subscribe to our free daily Waste Dive newsletter. MRFs in the Northeast noted an increase in average commodity prices for the first quarter of 2025, according to a report from the Northeast Recycling Council. In Q1, average blended commodity value without residuals was $102.34, an increase of more than 9% from the previous quarter. When calculating the value with residuals, prices were closer to $89.62, an increase of 8.6%, the quarterly MRF Commodity Values Survey Report says. Single-stream MRFs saw values increase by 12% without residuals and 11% with residuals, while dual-stream or source-separated MRFs saw increases of about 10% without residuals and 9% with residuals. Major publicly-traded waste companies echoed some similar commodity trends during their Q1 earnings calls. In a new format from previous reports, NERC's latest version also provided average prices for specific commodities. Surveyed MRFs reported an average OCC price of $99.68 and $54.92 for mixed paper. For plastics, MRFs reported PET at $363.31 per ton and natural HDPE at $1,910.20 per ton, among other plastic commodity prices. The Q1 report also noted some general trends, including an 8% increase in residue since the same period in 2022. It also highlighted that MRFs recorded lower volumes of outbound tons in 2024 compared to 2022, except for PP and bulky rigids, which increased by 40% and 29%, respectively. NERC says its reports are not meant to be used as a price guide for MRF contracts. NERC's quarterly report includes data from 19 MRFs across 12 Northeastern states. It surveys a variety of MRFs in a variety of markets, including those in five states with beverage container deposit laws, which affect material flows into MRFs. It presents a regional look at price trends and is a part of NERC's ongoing work to promote and boost recycled commodity supply and demand in the Northeast. Numerous factors can influence commodity values, but increasing operational efficiencies and MRF upgrades are often contributing factors that can help operators fetch higher prices. Here's a look at several companies throughout the U.S. that have recently announced significant MRF upgrades: The nonprofit recycler invested $12 million to upgrade the facility, which it unveiled as part of its 20th anniversary celebration in April. Eureka added four optical sorters, including three along its paper line. 'That was a huge thing for us, so now our paper quality is just so much better,' said Miriam Holsinger, Eureka's co-president, in an April interview. An upgraded cardboard separation system aims to increase small-format cardboard recovery, and a bigger conveyor belt aims to reduce downtime caused by cardboard jams. The improvements have cut maintenance time by about 60%, Holsinger said. Improved paper quality will be key for Eureka as it looks for new markets to sell the material, she said. 'If you want to stay ahead of the curve, especially to prepare for a possible economic downturn, having solid quality is always helpful in making sure we can continue to move material.' Casella's newly renovated MRF features $20 million in upgrades, including sorting equipment from Machinex, along with new power infrastructure and lighting. Casella also replaced the tipping floor and installed an improved fire suppression system. The upgrade, meant to improve material quality and operational efficiency, is expected to nearly double its processing capacity. Prior to the improvements, the Willimantic facility processed about 60,000 tons a year. During the company's Q1 earnings call, Casella executives said the facility is on track to deliver $4 million of earnings before interest, taxes, depreciation and amortization in 2025. The company says it has spent more than $50 million on other related recycling improvements in the last three years. The City of Phoenix's Public Works Department recently reopened its MRF after four years of construction. The improvements are meant to help Phoenix reduce contamination, which makes baled materials more valuable, officials said in a news release. The MRF, operated by Balcones Recycling, has all-new equipment including a front-end trommel, two ballistic separators, a sorting robot and 11 optical sorters. It processes about 30 tons an hour. The improvements are also meant to help Phoenix more efficiently manage recyclable material as its population grows. The city collects recyclables from about 420,000 households. Republic Services, Bridgeton, Missouri: A new MRF, scheduled for groundbreaking in Q1 2026, will serve the greater St. Louis area. Plans for the facility include at least 10 optical sorters for identifying and separating paper and plastic, as well as AI-enabled systems to help reduce contamination and adjust operations to maximize volumes. Republic expects to process about 45 tons an hour in the 105,000-square-foot facility. The project will employ about 60 full-time employees once it is completed in 2027, the company says. Portsmouth, Virginia: The city announced a new $200 million recycling facility, which will be built in a partnership between the Southeast Public Service Authority and AMP. The facility will use AMP's AI-assisted technology to sort single-stream recycling and will extend the life of the region's landfill, said Mayor Shannon Glover, who announced the partnership during an annual State of the City address on May 2. He did not announce a timeline for the project. Portsmouth's transfer station already uses AMP's technology. This story first appeared in the Waste Dive: Recycling newsletter. Sign up for the weekly emails here. Recommended Reading Northeast MRFs saw 40% jump in commodity values in a year: NERC report Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Panacea Healthcare Solutions Examines the Current and Future of Price Transparency Enforcement in Latest Podcast Episode
CEO Kevin Chmura and Financial Services President Govi Goyal unpack the impact of Trump's executive order and what's next for hospitals ST. PAUL, Minn., May 28, 2025 /PRNewswire/ -- In the latest episode of Beyond the Bottom Line, Let's Talk Healthcare Finance, Revenue Cycle and Compliance, the official podcast from Panacea Healthcare Solutions, CEO Kevin Chmura sits down once again with Govi Goyal, President of the Financial Services Division, to discuss the far-reaching implications of the executive order signed by President Trump on February 25, 2025. The order, aimed at accelerating enforcement of hospital price transparency, has sparked a wave of CMS compliance actions—and signals much more to come. In this timely follow-up episode, Chmura and Goyal explore how the order has already led to increased scrutiny of hospitals' machine-readable files (MRFs), with CMS issuing a growing number of violation notices. They also analyze what may be next: expanded reporting requirements, increased update frequency for MRFs, and a broader push for standardization and quality integration. "It's clear the enforcement environment is shifting fast," said Kevin Chmura, CEO of Panacea Healthcare Solutions. "Hospitals that once viewed price transparency as a back-office requirement now face tangible penalties—and must elevate compliance efforts to meet growing regulatory expectations." The episode outlines how CMS is currently focused on text file accessibility and website accuracy, with a move toward automated validation and deeper review of the contents of MRFs expected soon. Even minor missteps—such as using the word "pricing" instead of "price" in a footer—have triggered official notices. Goyal, a nationally recognized expert in price transparency strategy, shared both strategic insight and practical guidance for hospitals. "We're seeing a phased enforcement approach, and hospitals need to be ready for what's coming next," said Govi Goyal, President of Panacea's Financial Services Division. "That means reviewing your text file, running your MRF through the CMS validator, and making sure your patient estimation system aligns with your posted rates. Don't wait for the letter—proactively address compliance gaps now." Beyond enforcement, the discussion highlights the broader implications of the executive order. With commercial payers required to update their pricing files monthly, Goyal suggests that hospitals could soon face similar update frequencies. The episode also explores potential legislative moves to expand transparency requirements to non-hospital providers and incorporate quality data into pricing disclosures. This episode is essential listening for compliance professionals, CFOs, revenue integrity leaders, and legal teams seeking to stay ahead of federal price transparency enforcement and regulatory change. Listen to the Podcast To hear the full conversation and learn what actions your organization should take now, visit:Listen Now on Panacea's Website. Also available on Apple Podcasts About Panacea Healthcare SolutionsPanacea Healthcare Solutions provides strategic, innovative, and compliant financial, revenue integrity, and pricing solutions to healthcare organizations nationwide. From chargemaster and price transparency tools to financial strategy and compliance services, Panacea empowers providers to optimize performance and stay ahead of regulatory change. View original content to download multimedia: SOURCE Panacea Healthcare Solutions
Time of India
26-05-2025
- Business
- Time of India
Pkl to have five material recovery facilities soon
Panchkula: The municipal corporation of Panchkula has planned to shut down all existing waste collection centres in the city and replace them with five new material recovery facilities (MRFs) for municipal solid waste. This initiative aims to improve solid waste management and sanitation standards in the city. To implement this plan, the MC has approached Haryana Shehri Vikas Pradhikaran (HSVP), requesting land for the construction of the proposed MRFs. Following this, the MC aims to start the construction work at these sites and gradually shut down all collection centres. "We have no land with us, so we have written to the HSVP to provide land to us for these five centres. The MC is even ready to buy land if they agree to give the same. Once built, we will shut all existing 40-42 collection centres," mayor Kulbhushan Goyal told TOI. Some residents are doubtful of these plans. "Building five MRFs is a big thing. Will they be constructed as per the advisory of the ministry of housing and urban affairs? The MRF should not be for namesake; it should have all the required machines and equipment," commented Mohit Gupta, founder of Solution Box, a city-based help group. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 25세 미만의 로봇 전투 애호가에게는 이 게임을 플레이하지 않는 것이 좋습니다. 기계 경기장 Undo Equipment required in MRF As per the ministry's advisory for MRF, equipment such as weighbridge, single window printer scale, conveyor system, ferrous metal separation, air blower, shredders, compactors, agglomeration, and extrusion balers are to be put in at the MRFs. At present, the first dedicated material recovery facility has been built and is expected to soon open for operation. The MRF, built on 3.5 acres at Alipur village, is 18 km away from the city. The garbage generated in Panchkula city will be segregated into dry and wet garbage at the centre and later transported to the Patvi processing plant in Ambala. A number of compost pits, a drainage system, segregation points, leachate treatment unit, sheds, and a boundary wall are part of this facility. An MRF is a specialised facility that processes mixed waste to recover and prepare recyclable materials for the market. They play a crucial role in waste management by reducing landfill waste and enabling resource recovery.
Business Standard
07-05-2025
- Business
- Business Standard
MRF rises as Q4 PAT jumps 33% YoY to Rs 493 cr; declares dividend of Rs 229/sh
MRF gained 4.03% to Rs 140,408 after the company's consolidated net profit jumped 32.99% to Rs 492.74 crore on an 11.43% rise in net sales to Rs 7,074.82 crore in Q4 FY25 over Q4 FY24. Profit before tax in Q4 FY25 was at Rs 660.73 crore, up 22.29% as against Rs 527.34 crore reported in the same period a year ago. Total expense jumped 10.33% year on year to Rs 6,526.87 crore during the quarter. The cost of materials consumed was Rs 4,720.48 crore (up 20.33% YoY), while employee benefits expense stood at Rs 457.58 crore (down 2.08% YoY) during the period under review. On the margins front, MRFs operating margin improved to 8.81% in Q4 FY25 from 8.07% in Q4 FY24. Net profit margin also strengthened, rising to 7.06% from 6.02% a year ago. Meanwhile, the company declared a final dividend of Rs 229 per share for FY25. This comes in addition to the Rs 6 per share interim dividend already paid earlier in the year, bringing the total dividend payout for FY25 to Rs 235 per share. For comparison, MRF had approved a final dividend of Rs 194 per share in FY24. MRF is engaged in the manufacture of rubber products such as tires, tubes, flaps, and tread rubber and/or trading in rubber and rubber chemicals.
