The project originally was developed and funded by the UN Development Programme (UNDP) and then handed over to the Kosrae state government, which leased the business out to a foreign investor, the Micronesia Eco Corp.
Micronesia Eco Corp collects and pays for the recyclables from communities.
In 2011, Micronesia Eco Corp paid US$85,000 to Kosrae communities, and US$86,000 in 2010.
22 November 2012: The Pacific Islands Forum Secretariat (PIFS) has profiled the success of the Kutkut Mwo Materials Recovery Facility on Kosrae, in the Federated States of Micronesia. The Kosrae state government imposes a deposit fee on the importation of aluminium soft drink cans, plastic containers, bottled drinks and car batteries, which is set aside for recycling of the materials.
According to PIFS, the project originally was developed and funded by the UN Development Programme (UNDP) and then handed over to the Kosrae state government, which leased the business out to a foreign investor, the Micronesia Eco Corp. Micronesia Eco Corp collects and pays for the recyclables from communities. In 2011 Micronesia Eco Corp paid US$85,000 to Kosrae communities, and US$86,000 in 2010.
PIFS also notes that the Kosrae Recycling Facility has been globally recognized, being nominated for the Energy Globe Award in the category Earth, in 2010. [PIFS Press Release]