THE IMPACT OF RECYCLING WASTE INDUSTRY ON ECONOMIC ENVIRONMENT: AN EMPIRICAL STUDY ON THE ALUMINIUM COMPANY OF EGYPT

Document Type : Review Article

Authors

1 Faculty of Commerce, Ain Shams University

2 The Aluminium Company of Egypt

Abstract

Although the recycling of industrial wastes lead to the achievement of sustainable development through reduction of the use of raw materials from nature, as well as obliterate the waste material from the environment,  a debate still exist regarding the economic value of the recycling. Therefore, we aim here to evaluate the economic aspects of the recycling in Aluminum Company of Egypt. The researchers used the quantitative analytical method for the analysis of production data and operating for the aluminium company of egypt which this data were collected in a format as a sample. this sample represents the period from 2005 to 2015 the result of statistical analysis and a positive strong correlation between recycling and the amount of company production. Moreover, recycling processes save more than 500 million pounds in addition to the provision of 130000 tons of the Alumina annually. Production of one ton aluminum requires two tons of Alumina.  About 65000 tons of the industrial wastes are effectively recycled every year and therefore the disposal of these wastes decreasing the environmental hazard. Therefore, the primary research hypothesis was accepted. There is a positive economic impact of industrial wastes recycling as in case of the Aluminum Company of Egypt. In addition, the environment benefits from disposal of the waste materials. Moreover, the current regulations and laws are enough for environmental conservations but it should be firmly and strictly applied.
 

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