Companies start using plastic credits to offset waste in Thailand
Posted on December 18, 2024 by DrRossH in Plastic Waste NewsDiversey buying Corsair Group’s plastic credits to offset plastic waste generated by its packaging
Source: Companies start using plastic credits to offset waste in Thailand | Sustainable Plastics
Diversey, a packaging company part of US-based chemicals company Solenis, and Thailand-based chemical recycler Corsair are partnering on the use of plastics credits.
Plastic credits are market-based mechanisms designed to incentivise and finance the reduction, recovery, or recycling of plastic waste. Similarly to carbon credits, they can be traded between companies that produce and reduce plastic waste. Companies can purchase these credits to offset their plastic usage from firms that have collected or recycled plastic waste.
Corsair issues and releases 10 CSR plastic credits for every kilo of plastic waste it removes from the environment. The process and the credits are stored and recorded in the open-source Ethereum (ERC-20) blockchain technology in order to provide the transparency and public accountability.
The first phase of the plastic credits collaboration will launch in Thailand with Diversey’s Suma Star D1 hand dishwashing detergent, featuring packaging labelled as plastic neutral.
Dr Ross Headifen is an active promotor of the issues of plastic waste and what it is doing to our environment. He looks at issues concerning the proliferation of plastic waste and methods to control/reduce it. Including Reduce, Replace, Recycle and a new 4th R for Rejuvenation using landfill biodegradable additives to make plastics fade away.
Other posts by DrRossH →
Did you enjoy the article?
Then consider sharing it via these links.
Discussion · No Comments
There are no responses to "Companies start using plastic credits to offset waste in Thailand ". Comments are closed for this post.Oops! Sorry, comments are closed at this time. Please try again later.