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Resource Recovery Entrepreneur Recognised

Date: 17-Oct-11

The founder and Executive Director of Close the Loop, the ‘Cartridges 4 Planet Ark' resource recovery partner, has been recognised in the 2011 Ernst & Young Entrepreneur of the Year Awards. Named the Southern Region finalist, Steve Morriss recently joined a group of outstanding entrepreneurs at an awards event in Melbourne.

Established in 2001, Close the Loop has grown steadily and now employs more than 50 full time staff at Somerton in Melbourne, and more than 120 at Hebron in Kentucky USA. It has established a logistics network of more than 30,000 active collection points across Australia and is expanding its collection and processing facilities in the USA.

Before founding Close the Loop, Steve Morriss established a business specialising in the sale of imaging supplies including toner and inkjet printer cartridges. Seeing a unique business opportunity, Steve offered to take back and recycle everything that he supplied, at the end of its useful life. This strategy proved very successful, and he quickly recognised the strong desire of his customers to recycle their cartridge waste. As a result, Close the Loop was established with its ‘zero waste to landfill guarantee' and a mission to work in partnership with printer cartridge equipment manufacturers.

While not winning the regional Entrepreneur of the Year Award, Steve said the recognition was " of the most rewarding and important milestones so far, for me personally and the staff at Close the Loop."

He went on to state, "It's great that such a game-changing environmental initiative has now a proven market in the USA, and a strong recognition in Australia. We were really the only finalist that could be considered a ‘cleantech' company."

Congratulations Steve Morriss and Close the Loop for some well-deserved recognition!

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