Plastic credits are a type of environmental credit that are generated through the reduction, reuse, recycling, or recovery of plastic waste. These credits can be used by companies and organizations to offset their own plastic footprint, meet regulatory requirements, or demonstrate their commitment to sustainability.
One type of plastic credit is a reduction credit, which is generated by reducing the amount of plastic that is produced, used, or disposed of. For example, a company that switches from single-use plastic packaging to reusable or recycled packaging could generate reduction credits.
Another type of plastic credit is a reuse credit, which is generated by reusing plastic materials rather than disposing of them. This could include initiatives such as refilling or repairing plastic products, or using plastic waste as feedstock for new products.
Recycling credits are generated through the recycling of plastic waste into new products or materials. This could include initiatives such as collection and sorting programs, or the development of new technologies for plastic recycling.
Recovery credits are generated through the recovery of plastic waste, such as through the use of energy-from-waste technologies or the conversion of plastic waste into energy or other valuable products.
An example of a plastic credit is the Fusion One Plastic Credit, which is offered by Changeblock in partnership with Fusion One. The Fusion One Plastic Credit is generated through the use of Fusion One's HydroPlas system, which takes mixed plastic waste as a feedstock and processes it into three core products: an inert carbon-based char, an oil of near fuel oil quality, and a synthesis gas with a high hydrogen content. These core products are further processed into end products with local demand, such as asphalt or concrete.
The Fusion One Plastic Credit is designed to provide a scalable and economically viable solution for plastic waste reduction, with the goal of diverting plastic from landfill and making profitable use of the processed end products. The HydroPlas system is modular, meaning it can be deployed in various locations and customized to the needs of different markets. In addition, the system has low emissions after startup and utilizes exhaust heat regeneration wherever possible, making it a more environmentally-friendly option for plastic waste processing.
Overall, plastic credits are financial instruments that allow companies to offset their plastic footprint and demonstrate their commitment to sustainability.