Rebound Plastic Exchange: New trading platform for recyclates

Circular economy can only truly work if plastic waste is collected, recycled and reused. Many manufacturers are aware of this and now use recyclates. To drive international trade with recycled plastic, Abu Dhabi-based International Holding Company (IHC) has now established a new trading platform for recyclates with Rebound Plastic Exchange.

Almost 100 percent of all plastic waste can be recycled; the global recycling rate, on the other hand, is a mere 15 percent. The new Rebound Plastic Exchange trading platform aims to fill this gap on the market, enabling true circular economy and meeting the increased demand for recyclates by trading recycled plastic. “By capturing the value of raw plastic feedstock, we allow companies to access recycled content with confidence while creating new opportunities for communities in the value chain to grow their economies,” says Maryam Al Mansoori, General Director of Rebound Ltd. The platform also aims to guarantee secure trade between countries with transparency, quality and first-rate recycling materials. As part of what is known as a passporting system, materials are given a digital “passport” and can thus be tracked as they make their way along the entire value chain.