"The savings range from a few cents per pound to half the price of new plastic, which accounts for one-third to one-half of the price of many components."The recycled plastic is mixed with new material to be made into parts such as bumpers, mud guards, or dashboards.
Auto parts can't be made from 100 percent recycled plastic because they won't be strong enough to withstand impact; bumpers for example usually contain 20 percent recycled plastic.
Recycling plastic is also becoming a growing industry. Scott Melton, president of Flint, Michigan recycling plant ACI Plastics, "expects the company's $17 million in sales to grow 20% next year."
Read the full story: To help cut costs, auto industry gives plastics a second life
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