CARE Unveils Action Plan to Help CA Carpet Recyclers Impacted by COVID-10
Carpet America Recovery Effort (CARE) is taking a series of emergency actions to support and assist the California carpet recycling industry, as effects of the pandemic threaten the industry's survival. Ten actions have been approved by CARE's oversight committee and reviewed with CalRecycle. Actions (listed below) include a one-time payment to recyclers, a temporary 90-day increased subsidy payment, accelerated payment schedule and relaxed reporting and proposed loan payment requirements.
CARE Executive Director Bob Peoples notes, "Cash flow considerations for the recycling community were our primary concern in forming this action plan. The current crisis, precipitated by the COVID-19 pandemic and the plunge in oil prices, has seriously interrupted the supply chain for new carpet sales and the flow of post-consumer carpet (PCC) materials into new products. Additionally, the automotive sector, a major user of post-consumer nylon carpet material, has been shut down. The depth and duration of the impact to our industry is currently unknown and cannot yet be quantified."