PCX launches first global platform ‘PCX Markets’ to eliminate plastic pollution
Singapore-based PCX Markets has launched a commercial plastic credit marketplace pcxmarkets.com, bringing together partners from around the world on a mission to stop the flow of plastic waste into nature.
PCX Markets will work closely with the established non-profit arm of the business, PCX Solutions, to give companies the opportunity to meet country-specific EPR compliance and achieve voluntary Net Zero Plastic Waste certification.
Plastic credit projects are verified against globally accepted plastic credit standards such as PCX Solutions’ Plastic Pollution Reduction Standard (PPRS) and Verra’s Plastic Waste Reduction Standard (PWRS).
The PCX Markets platform also provides access to a plastic footprint calculator, which helps organizations understand their footprint and establish plastic reduction and offsetting targets.
The platform offers users projects to match their objectives to remove plastic from the environment and fund waste collection and infrastructure programs.
PCX Markets integrates blockchain-verified, tokenized plastic credit transactions with reporting on the efficacy of given projects. Companies then purchase credits to offset both their essential plastic use and their historic plastic footprints.
PCX has already diverted more than 32 million kilograms of plastic waste from nature, invested over US$2.7 million into the plastic circular economy, and driven 54,000 tonnes of carbon reduction from coal replacement.
The launch of PCX Markets will increase much-needed funding to address the plastic waste crisis, accelerating the global expansion of projects, investment in circular economy infrastructure, and support for plastic alternatives.
“I am so proud to be part of this team as we hit this first milestone, but even more excited to see the impact PCX Markets can have in catalyzing and enabling solutions to this global crisis,” says Sebastian di Grande, Chief Executive Officer of PCX Markets.
“With the OECD predicting that plastic waste will triple by 2060, plastic credits are an important part of a comprehensive solution set to address this critical issue that impacts both people and planet,” says Nanette Medved-Po, Founder and Executive Chair of PCX.
Visit pcxmarkets.com to explore the platform.
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