Nissan exceeds Japan's automobile recycling targets

Nissan Motor Co. Ltd recently shared the progress report on its recycling efforts for the fiscal year 2007 (April 2007 to March 2008). This is the second consecutive year that Nissan has exceeded its target recycling rates for end-of-life vehicles (ELVs) in accordance with the Japan Automobile Recycling Law.

Nissan recovered 97,195.7 tons from the 134,935.7 tons [I](equivalent to 661,213 vehicles)[/I] of Automobile Shredder Residue (ASR). This represents a recovery ratio of 720%. The Japan Automobile Recycling law stipulates a target of 70% recycling rate by 2015.

Nissan recovered 614,601 airbag-related products from 297,803 vehicles through recovery processing and on-board deployment operations. The airbag recycling ratio stood at 94.3%, exceeding the legal requirement of 85%.

A total of 164,260kg of fluorocarbons collected from 534,655 vehicles were processed.

The cost of these recycling efforts amounted to 5,956,720,099 yen. Recycling fees and income generated from the business of managing recycling operations totaled 6,092,098,207 yen, contributing to a net surplus of 135,378,108 yen.

From FY2004 to FY2007, the total cost of recycling operations lead to a net surplus of 77,171,227 yen. This is equivalent to 41 yen per vehicle.

For the long-term forecast, Nissan anticipates cost of recycling operations to stabilize with either a minor surplus or deficit.

The FY2007 progress report demonstrates how Nissan has exceeded all the recycling standards stipulated under the Japan Automobile Recycling Law well ahead of its regulatory obligations.

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