In the pursuance of Plastic Waste Management Rules 2016, the Ministry of Environment, Forest and Climate Change has notified on February this year “the Comprehensive Guidelines on Extended Producers Responsibility” on plastic packaging under Plastic Waste Management Rules, 2016. It was focused on extending producer responsibility in addition to prohibition of identified single-use plastic items with low utility and high littering potential. With the date to enforce it i.e.1st July 2022 is coming close, the stakeholders have already started to realize the exigency of elimination of the menace of pollution due to disposal of plastic wastes in the country. In his message, Minister for Environment, Forest and Climate Change, Shri Bhupender Yadav termed the guidelines as a clarion call given by Prime Minister Narendra Modi to eliminate single use plastics.
The initiative bodes well for the future of toxic-free environment. It seems to act as a catalyst in promoting development of new alternatives to plastics and provide various business opportunities for the market players ranging from segregation of wastes to creating a sustainable digital ecosystem.
EcoEx is an industry-first electronic marketplace that is creating a sustainable digital ecosystem for the stakeholders of the plastic waste management value chain to undertake secure and mutually beneficial plastic-EPR credit certificate transactions from anywhere, anytime. EcoEx is the first Indian organization to facilitate the exchange of plastic-EPR credit certificates and strengthen the plastic recycling infrastructure. As per the Uniform Framework for Extended Producer Responsibility (EPR, under Plastic Waste Management Rules 2016) released by the Ministry of Environment, Forest and Climate Change, plastic producers, importers, and brand owners (PIBOs) that use plastic for packaging are accountable for managing the end waste.
EcoEx aims to make manufacturers aware of the EPR obligation as mandated by PWM rules i.e. disposal of plastic waste ethically. EcoEx was established with a vision of becoming patrons of a cleaner tomorrow by guiding India’s waste management industry towards self-sufficiency and self-efficacy. Company has girt up its loins to create a secure, transparent and equitable digital ecosystem for connecting the stakeholders of the waste management with value chain in addition to enable them to work in harmony.
EcoEx’s Product includes Plastic Credit Certificate that enables an organization to affirm its conformity with the Extended Producer Responsibility.
TRADES FOR CERTIFICATION:
According to Plastic Waste Management (PWM) 2016, plastic has been categorized into three significant kinds; Flexi, Rigid and MLP, where MLP stands for Multi-Layer Plastic.
- Multi-Layer Plastic
- Flexi – Flexible plastic types are LLDPD, LDPE, PP, PE, PS, etc.
- Rigid plastic types include PET, HDPE, etc.
TYPES OF PLASTIC CREDIT CERTIFICATES TRADED:
- Recycling Plastic Credit Certificate
- End of Life Plastic Credit Certificate
TYPES OF MEMBERS:
- PIBOs (Producers, Importers, Brand Owners)
- Recyclers and Processors
With the leadership, innovation, and dedication of such leaders EcoEx aims to become the most endorsed and ideal platform that is known for its convenience and simplicity. They are successful in bringing about many changes and bringing some growth and development for a better society.
Ecoex is pioneer in providing digital platform for Plastic- EPR Credit Certificate. Its business strategy focuses on facilitating the implementation of Extended Producer Responsibility policies. All transactions are transparent and equitable. With the arrival of these innovative ideas and business plans, the competitiveness will definitely shoot off.