Nissan makes a net surplus of $12.29 million from vehicle recycling in Japan for FY 2010

Nissan today shared the progress report on its recycling/recovery efforts in Japan for the fiscal year 2010 (April 2010 to March 2011). In FY2010, Nissan recovered 108,574.5 tons of the 129,756.4 tons of Automobile Shredder Residue (ASR) collected from 617,565 vehicles. This represents a recovery ratio of 83.7%. The Japan Automobile Recycling law stipulates a ASR target of 70% recovery rate by 2015. The effective recovery rate stands at 97.0%. Nissan recovered 1,275,028 airbag-related products from 447,352 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 166,316.3 kg of fluorocarbons collected from 544,736 vehicles were processed.

The cost of the recycling efforts for these specified materials amounted to 5,970,669,329 yen ($ 73 million). Recycling fees and income generated from the fund for vehicle recycling totaled 6,558,317,537 yen ($80.66 million), contributing to a net surplus of 587,648,208 yen ($7.22 million). From FY2004 to FY2010, the total cost of recycling operations lead to a net surplus of 999,816,081 yen ($12.29 million). This is equivalent to 265 yen ($12) per vehicle. For the mid- and long-term forecast, Nissan anticipates the cost of recycling operations to stabilize.