EcoEx - Ecox

We connect Plastic Producers, Importers and Brand owners to a nationwide network of verified plastic recyclers & processors to ensure a transparent, fair & seamless exchange of plastic credit certificates.

An inclusive digital platform

Born out of an idea to foster a digital evolution for a cleaner tomorrow, 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 credit certificate transactions from anywhere, anytime.

Safe & simple procurement of Plastic Credit Certificate

Plastic Credit Certificate is a bonafide document that authenticates a PIBO’s conformity with the recycling standards set under the Plastic Waste Management Rules 2016 (updated 2018).

EcoEx will facilitate a seamless transfer of such credits between recyclers/processors & PIBOs.

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 is the first Indian organisation 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. We at EcoEx aims to make manufacturers aware of the EPR obligation as mandated by PWM rules: disposal of plastic waste ethically

How Does the Plastic -EPR Credit Model Work?

Plastic Credit Certificate is a bonafide set of documents (proof of execution of a project) that authenticates a PIBO’s conformity with the recycling standards set under the Plastic Waste Management Rules 2016 (updated 2018). EcoEx will facilitate a seamless transfer of such credits between recyclers/processors & PIBOs.

A plastic- EPR credit model is envisaged where a producer is not required to recycle their own packaging, but to ensure that an equivalent amount of packaging waste has been recovered and recycled to meet their obligation. However, producers are mandated to acquire evidence of recycling or recovery [PLASTIC- EPR CREDIT] from properly accredited processors [recyclers, W2E plant operators, cement co-processors, users utilizing plastic in road] or exporters.

Producers and processors/ exporters may exchange plastic- EPR credits for a financial transaction at a price and other terms as negotiated between them. The producers can exchange credits from processors that have been specifically accredited for this purpose. The accredited processors, therefore, receive additional funding for every tonne of packaging waste they reprocess and have an incentive to acquire further tonnage, thereby driving up recovery rates.

The system is designed to ensure that funding may be directed to remove bottlenecks in the material recovery chain through market corrections. The market would correct itself and guide funding to sources such as material collection, sorting, reprocessing or supporting end-user markets. Hence, businesses will have incentives to support long-term investments to support their efforts.

The accreditation and registration of the recycler/processor shall form a very important part of the plastic- EPR credit system. The evidence of recycling in each case shall be foolproof and there shall not be any evidence of resale of credits in the market. EPR portal shall be used for registering the traceability of the plastic waste such that no plastic waste re-enter the value chain. Waste traceability is important to ensure no duplication and actual work on the ground.

Execution Flowchart

● Brand Registration
● Requirement submission
● Matching of a fulfilment partner
● Price discovery
● Proof of Evidence
● Brand verifies the document & Confirm
● Settlement of funds

Things to keep in mind

Cost of plastic-EPR credit

The cost of plastic-EPR credit will depend on the market perception of relative supply and demand. If there is a reduction in the generation of credits (for e.g. if major processors lose accreditation the cost of credits would increase, similarly, if there is a major disruption in the end-use recycled plastic market or many processors get accredited, the cost of single plastic-EPR credit would drop).

Market-based Mechanism

The EPR framework is based on market forces and the MoEF&CC/ CPCB’s job shall be to ensure transparency and compliance. MoEF&CC/CPCB will not be involved in collecting and disbursing funds. Funding the EPR system will be left to the marketplace or any methodology devised by the Government.

Actual market data

For the EPR framework to work successfully, the provision of accurate and timely market data is essential allowing all stakeholders to monitor and manage the system. In this regard, it is proposed to develop a database that will be accessible to all stakeholders and partners. The national registry and repository as mentioned above shall be used for maintaining the database.

Interaction with ULBs

The system is designed to ensure that market forces dictate the interaction between producers and Urban Local Bodies which are mandated under the Plastic Waste Management Rules, 2016 for segregation, collection, storage, transportation, processing and disposal of plastic waste.

Benefits of Trading Plastic- EPR Credit Certificates with EcoEx

Pool of Recyclers

We ensure that the brands get access to a vast pool of recyclers/co-processors PAN India for the fulfilment of EPR

Transparent Transactions

Our platform facilitates a one-on-one digital interaction between PIBOs and recyclers/processors, thereby effectively eliminating middlemen costs.

Convenience

All trading auctions happen online, thereby enabling members to participate from any part of the country and undertake simple, smart, and safe transactions.

Secure Cloud Infrastructure

All transactions happen in an online environment, powered by NEML, equipped with best-in-class safety protocols, after thorough verification & registration of all parties involved.

Dedicated Support

Our competent support team will always ensure that the interest of each member is fulfilled. From registration to the final transaction, you’ll always find a helping hand.

Why Choose EcoEx?

  • First-ever digital platform for Plastic- EPR Credit Certificate
  • All members are CPCB/SPCB registered
  • All transactions are transparent and equitable
  • All transactions are traceable for members
  • The one-on-One direct contract between members
  • Complete and secure documentation digital

We invite you to join EcoEx and seamlessly acquire plastic-EPR credit certificates in a safe, transparent, and digital environment.

For Buyers

Securing plastic credit certificates has never been so easy & secure.

For Sellers

Experience the benefits of selling plastic credit certificates through our platform.

The EcoEx Edge

Experience a multitude of benefits while trading plastic credit certificates on our platform.

Pool of Recyclers

We ensure that the brands get access to a vast pool of recyclers/co-processors PAN India for the fulfillment of EPR

Transparent Transactions

Our platform facilitates a one-on-one digital interaction between PIBOs and recyclers/processors, thereby effectively eliminating middlemen costs.

Convenience

All trading auctions happen online, thereby enabling members to participate from any part of the country and undertake simple, smart, and safe transactions.

Secure Cloud Infrastructure

All transactions happen in an online environment, powered by NEML, equipped with best-in-class safety protocols, after thorough verification & registration of all parties involved.

Dedicated Support

Our competent support team will always ensure that the interest of each member is fulfilled. From registration to the final transaction, you’ll always find a helping hand.

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