Recycling paper uses up to 80% of the original paper, so assuming that high-end estimate, you could recycle the same paper 13 times and still have 5% left. However, the recycling process also produces a thinner product than the original sheets, so the value of recycling becomes less as the sheets get thinner. Of course, in real life paper isn’t seperated by exact quality before being recycled, so recycled sheets likely end up being a part of similar recycled paper after the process.
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