Hulladékaukció: is the online marketplace for trading with waste. It’s so simple as ebay is.
Recycling Market Limited Liability Company
Creation of trading platform for waste and secondary raw materials
Recycling Market Ltd. is currently working on the implementation of a waste and secondary raw material trading house, which makes facilitates the controlled and mediated waste and secondary raw material trading for the enterprises active on the field of waste management and waste trading and international and inland producer companies.
Although in the last times, statistical data show growing tendency, Hungary is still falling behind compared to the leading countries of the EU on the field of waste recycling. In Hungary this percentage is 25%, while in Germany it reaches 60%.
One reason of this difference is that the market participants may trade with waste and secondary raw material solely though their relations and sales networks, so for many of them don’t know the accurate value of the waste or secondary raw materials they own or plan to buy, neither the sales possibilities.
So, coming from this, the enterprises in the industrial sector pay for disposal of the waste and secondary raw material. In Hungary yearly 5.785.069.422 kg is produced, 70% of which can be written to the industry’s account.
This platform provide possibilities for the companies in the industrial sector, not to pay for the removal of the waste of secondary raw material, but getting profit instead.
The planned application offers cost-efficient solution for every participant (seller, buyer, supplier and controlling authority), to receive proper and up-to-date information about the market supply and demand relations in the agreed place and time by providing transparent, easily manageable platform .
Online B2B marketplace for recyclable wastes aggregating supply and demand of this fragmented market.