Recycling is one of the key elements that fuel the global industry with a constant supply of raw materials rather than solely depending on natural resources. There are two ways to be part of the recycling ecosystem and to be connected with a profit-centric process. One may either collect and process the waste in one’s own unit or an individual can just collect the waste material and pass it on to a processing factory for recycling. Setting up a processing unit requires more initial investment as compared to trading. Aside from the operational and management part of the business, the marketing part is equally important. One should have a definite idea about where and how to sell recycled goods. This will make an individual’s market position less flexible. But starting as a dealer will give you enough time and adaptability to establish well first and have a strong foothold in the market. Then interested candidates may plan for their own unit based on market demand and other considerations.
Nowadays India’s policy regulation enhancing Extended Producer Responsibility Brand owners, producers are all trying to get hold of suitable recycling collaboration to fulfill their EPR for plastic credit on an obligatory basis. Recycling has become an economically viable business as a result.
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 & mutually beneficial plastic-EPR credit certificate transactions from anywhere, anytime.
EcoEx issues plastic credit certificates, enabling plastic producers and brand owners to connect to a pool of plastic waste processors and recyclers, across India, to strengthen the plastic waste management value chain.
They already have a solid network of 24 recyclers, 10 authorized collectors with multiple ULB agreements, and 6 PIBOs’ since its inception. India’s vast geographical range along with cultural, habitual demographic differentiation had previously made Producer, brand owner, manufacture EPR audit, therefore, quantifying credit and compliance difficult. However, a digital marketplace with the potential to accommodate all the stakeholders in the ecosystem is easy and beneficial for each stakeholder. This kind of platform very well increases the potential for increased EPR goals and fairness.