4.1.3.1 Plastic Credit Landscape (2024)

Plastic Credit Landscape (2024)

Key Players in Plastic Credits and Recycling Certifications:
1. ISCC PLUS (https://lnkd.in/dX8_sAmb): Certifies circular and bio-based materials, including chemically recycled plastics.
2. Verra (https://verra.org): Offers the Plastic Waste Reduction Standard.
3. Zero Plastic Oceans (https://lnkd.in/d4wAH5JR): Focuses on Ocean Bound Plastic credits.
4. rePurpose Global (https://repurpose.global): Emphasizes blockchain for transparency.
5. Plastic Credit Exchange (PCX) (https://lnkd.in/ddgbad_z): Provides a marketplace for plastic credit trading.
6. Plastic Bank (https://plasticbank.com): Offers Social Plastic® credits for ocean-bound plastic.
7. Empower (https://www.empower.eco): Uses blockchain for plastic waste traceability.
8. TONTOTON (https://tontoton.com): Specializes in non-recyclable plastic waste collection.
9. RecyClass (https://recyclass.eu): Certifies recycling processes and packaging recyclability.
10. EuCertPlast (https://www.eucertplast.eu): Certifies plastics recycling processes in Europe.
11. APR (https://lnkd.in/dpNzZ3af): Offers recognition for recyclable packaging designs.
12. SCS Global Services (https://lnkd.in/d_S2aC22): Provides third-party certification for recycled content claims.
13. UL Environment (https://lnkd.in/d-xTB3HP): Validates recycled content claims.
14. CSR Plastic Credit (https://lnkd.in/dJ3X_RVQ): Focuses on blockchain-based traceability.

APChemi’s Experience:
ISCC Plus Certification of 4 of our clients has been completed to date. An additional 2 ISCC Plus projects are in progress, apart from our own ISCC Plus certification. Read more here: https://lnkd.in/dh3Wnxmj

Key Observations:
– Most organizations focus on plastic recycling or credits broadly, not specifically on chemical recycling.
– There’s a trend towards using blockchain technology for improved traceability.
– The landscape is diverse, with players focusing on different aspects (ocean plastics, packaging, general waste).

Challenges Ahead:
1. Standardization: How do we align these diverse approaches?
2. Verification: Ensuring real impact in complex supply chains.
3. Avoiding Greenwashing: Balancing credit systems with actual reduction efforts.
4. Chemical Recycling Integration: Many systems aren’t yet tailored for advanced recycling methods.

The Big Questions:
– How can we harmonize these systems for greater industry-wide impact?
– What role should chemical recycling play in plastic credit schemes?
– How do we ensure these certifications drive genuine progress towards a circular economy?