Plastic and Carbon Credits

PLASTIC CREDITS

PlasCred is working with Verra and SCS Global to develop the first crediting standard that recognizes advanced recycling and end-of-life plastic recovery. No formal methodologies currently exist for these pathways under any global plastic credit frameworks.

  • Current crediting frameworks only recognize collection and mechanical recycling, advanced recycling and end-of-life recovery are not yet covered.

PlasCred is expected to remove 100 tonnes of plastic per day with potential value of $5,000 to $80,000 per day for Neos.

  • Current market value of plastic credits are $50 – $800 per tonne of plastic removed.

Immediate market demand exists for PlasCred’s plastic credit solutions, as Pepsi, Coke, Unilever, Nestle, and P&G are all currently involved in a class action lawsuit for plastic pollution.

CARBON CREDITS & GHG Reduction

PlasCred has formed a Credit Development Team partnered with Verra and SCS Global.

  • Countries internationally have agreed to climate policies (e.g. Paris Accord)
    and are committed to reducing Greenhouse Gases (GHG), such as by imposing taxes on GHG emissions.
  • Carbon trading markets are expanding quickly, as companies producing GHG emissions are looking to offset their taxes using carbon credits.

PlasCred Neos GHG Reduction

  • ~ 51,000 tonnes of CO2 per year.
  • Potential of $1.5 million per year revenue.
  • Equivalent of removing over 11,000 vehicles from the road annually.

Voluntary Carbon Credits 

  • Voluntary carbon credits have a value of $8 to $30 per tonne carbon removed and have a dedicated demand market of mostly energy organizations.