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China used to import a significant portion of the world’s scrap.
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.
Scrapo, Inc., a Silicon Valley startup, believes that if we are able to simply bridge this gap between the plastic scrap buyers and sellers, it would have a tremendous positive impact on the environment.
Scrapo, a Sunnyvale, Calif. technology company, came online in November 2017, pledging to help reduce disposal of plastics by bridging the gap between buyers and sellers.
One of the factors that can undermine market efficiency and create barriers to trade is the lack of trust between buyers and sellers, according to Scrapo.
According to Scrapo, Inc., a Silicon Valley startup, one of the most important problems that surrounds the world environment today is the amount of plastic waste that ends up in the landfill.