Rebound Plastic Exchange to act as a key differentiator for the British Recycling Roadmap

Rebound Plastic Exchange to act as a key differentiator for the British Recycling Roadmap

ABU DHABI, UAE /PRNewswire/ -- Rebound Plastic Exchange, a global B2B digital trading platform for recycled plastics, is ready to support the United Kingdom (UK) spur scalable solutions to its ongoing challenges in achieving sustainable waste management for plastics. Having amended its Waste Shipment Regulations in 2021, the UK now adheres to the Basel Convention Amendments, which means quality assurance is now key to ensuring not only high-quality plastic waste, but that be uncontaminated and ready to be recycled. To that end, Rebound Plastic Exchange promises quality assurance and trust by vetting the members and listings posted onto the marketplace, thus helping the industry achieve its targets and keep plastic out of the environment.

The UK is the second biggest producer of plastic waste in the world[1]. In 2021, its exports added up to two-thirds of the country's plastic waste[2], now reduced by 13%, according to Basel Action Network (BAN)[3]. The amount of the UK's plastics exports dropped by 94% between 2017-18, which it was quick to divert to Malaysia, Turkey, Poland and Indonesia. In 2020, the UK shipped 7,133 metric tonnes of waste to non-OECD countries, adding Pakistan and Vietnam to its portfolio[4].

"More investment and collaborations are needed to undergo