PlasticsEdge™ Lead Generation Program: Call 978-342-9000 for details or email [email protected]

A Silicon Valley startup says it has taken on the challenge of opening up the plastic scrap trading industry. Scrapo Inc. seeks to make it easier for buyers and sellers to discover, negotiate and close deals from around the world.

Sellers can list materials in seconds and receive instant bids from interested buyers, the company says, while buyers can browse through available offers and make a bid. The Scrapo mobile app allows users to use the network from their phones.

To facilitate trade in the platform, Scrapo says it has integrated real-time communication tools so traders don’t need to check emails or make phone calls.

“The idea is to promote free market philosophy through use of technology,” says Rashad Abbasov, co-founder and CEO of Scrapo. “If you as a trader, big or small, have access to hundreds of offers instead of a few, you obviously would end up making a much better deal for yourself.”

Related Posts

Kautex Maschinenbau Inaugurates Massive Machine Assembly Building

Extrusion blowmolding technology company Kautex Maschinenbau has completed construction of its 5,000-square-meter (53,800-square-foot

Read More

China Releases new Proposed Contaminants Thresholds

In an alert to its members dated Nov. 16, 2017, the Institute of Scrap Recycling Industries (ISRI), Washington, says the Chinese government has

Read More

Lomont Molding Sees Big Business Opportunity in Large-Tonnage Presses

Lomont Molding LLC has begun installation of large-tonnage presses at its R&D Molders facility in Georgetown, TX. The recent delivery of a

Read More

Euro PM2018 Call for Papers

The EPMA has issues a call for papers for Euro PM2018, taking place in Bilbao, Spain, from 14–18 October 2018. Abstracts can be submitted

Read More

Who is to Blame for the IV Bag Shortage—Hurricane Maria, Resin Suppliers or Medical Device OEMs?

Hurricane Maria has devastated Puerto Rico—eight weeks after the hurricane hit, more than half of the island’s power grid is still offline—but

Read More

ThermHex PP Honeycomb Cores Available With 5 mm Cell Size and 12 mm Thickness

ThermHex produces its PP honeycomb cores with a new vacuum forming roll, which allows the production of cell sizes of 5 mm and thicknesses

Read More

Start-up of New Production Line Begins at Trinseo’s Zhangjiagang, China Plant

Trinseo announced today the successful start-up of a MAGNUM™ ABS production line at the company’s manufacturing plant at the Zhangjiagang

Read More

Addivant™ Increases Capacity for Its High-Performance Polymer Antioxidant ULTRANOX® 626

Addivant™, a world leading supplier of phosphite antioxidants for plastics, announced today that it has expanded by over 40% the production

Read More

Lead Battery Recycling Tops All Consumer Recycling And Provides A True Example Of A Circular Economy

A study released today finds that lead batteries have a recycling rate of 99.3 percent, making them the number one recycled consumer

Read More

LANXESS to Acquire Solvay’s US Phosphorus Additives Business

Specialty chemicals company LANXESS is expanding its Additives segment and plans to acquire the phosphorus chemicals business with a

Read More