Plastic credit certificate trading platform reaches milestone

Complete 5000 MTs of recycled plastic

Ecoex issues plastic credit certificates, enabling plastic producers and brand owners to connect to a pool of plastic waste processors and recyclers, across India, to strengthen the plastic waste management value chain.

Ecoex has already on-boarded 24 recyclers, 10 authorised collectors with multiple ULB agreements and 6 PIBOs’ since its inception.

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The digital platform facilitates seamless transaction of plastic credit certificates between PIBOs’ and recyclers/co-processors. The plastic credit certificates documents authenticate PIBO’s conformity with the recycling standard under the Plastic Waste Management Rule 2016 and relevant amendments of Govt. of India.

After achieving the first milestone of 5000 MT, it is confident of achieving the 2nd Milestone of 100,000 MTs during this fiscal year.

Ecoex is also enhancing the software features by adding ULB specific dashboards. This uniquely designed dashboard with look & feel of user ULBs will help them to register, monitor, endorse and facilitate plastic credit certificate transactions with brands. Going forward, Ecoex is also willing to develop and gradually expand the public-private partnership model with ULBs to tackle the complex problem of India’s waste management.