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Plastic Credit Landscape 2024

As our industry tackles plastic pollution, a complex ecosystem of certifications for chemical recycling and plastic credits has emerged. Let's explore this landscape together:

Key Players in Plastic Credits and Recycling Certifications

Key Players in Plastic Credits and Recycling Certifications:

  1. ISCC PLUS (https://www.iscc-system.org): Certifies bio-based and circular materials, including chemically recycled plastics.

  2. Verra (https://verra.org): Offers the Plastic Waste Reduction Standard.

  3. Zero Plastic Oceans (https://www.zeroplasticoceans.org): Focuses on Ocean Bound Plastic credits.

  4. rePurpose Global (https://repurpose.global): Emphasizes blockchain for transparency.

  5. Plastic Credit Exchange (PCX) (https://plasticcreditexchange.com): 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://plasticsrecycling.org): Offers recognition for recyclable packaging designs.

  12. SCS Global Services (https://www.scsglobalservices.com): Provides third-party certification for recycled content claims.

  13. UL Environment (https://www.ul.com/services/environmental-claim-validation): Validates recycled content claims.

  14. CSR Plastic Credit (https://csrplasticcredit.com): 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://www.apchemi.com/post/success-story-iscc-plus-certified-chemical-recycling


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?


🔥 Hot Take: Have you worked with any of these certification systems? What has been your experience? Message us here: https://www.apchemi.com/contact



 


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