The Suez Circular Polymer (SCP) plastic recycling plant in Bang Phli, Thailand, has gained official accreditation by the Plastic Credit Exchange (PCX) plastic offset platform - the first processor in Thailand to do so.
"The PCX certification recognises SUEZ's commitment to offer concrete and reliable solutions for the recycling of plastic waste, in line with the SUEZ Shaping 2030 strategy to help build a sustainable environment,” said Stephane Heddesheimer, CEO of SUEZ Recycling & Recovery Asia.
The Plastic Credit Exchange is the world's first global, non-profit, fully integrated plastic offset platform based in the Philippines. It works through partners that recover, process, and recycle plastic waste, as well as seeking to develop environmentally sound solutions to plastic waste reduction. A non-profit organisation, PCX was founded in 2019 with the idea of emulating the concept of a "carbon credit" for plastic. The goal is to build a marketplace where companies purchase certified plastic credits to offset the plastic waste they cannot eliminate from their packaging and the plastic waste they have already put out into the world.
SCP, which started operations in 2020, converts 30,000 tonnes of locally sourced LDPE and LLDPE plastic packaging waste into high-quality post-consumer recycled plastic resins for the production of produce films and bags for the industry. It is the Suez Group’s first plastic recycling plant in Asia.
It has been recognised as a PCX-accredited processor on the basis of an independent assessment conducted by Pricewaterhouse Coopers confirming its operations are in compliance with PCX's Plastic Pollution Reduction Standard. The Plastic Pollution Reduction Standard provides a framework for the implementation of a credible and verifiable plastic-free and offsetting program. Through a fully audited process, PCX translates the weight of plastic offsets to the equivalent plastic credits registered in its blockchain ledger. PCX awards a certification to an offset buyer that purchases plastic credits equivalent to at least the offset buyer's plastic footprint.
"The plastic pollution crisis is a global problem that requires a global solution," said PCX Standards and Compliance Manager Richard De Guzman. "Expanding it to partners outside of the Philippines not only means we are expanding our impact footprint, but also helping Thailand achieve its goal of 100% recycling by 2030.”