New impetus for sustainable waste management in GCC – The Peninsula

gcc,management,sustainable,waste,plastic
Qatar
  • Date: 24-Nov-2022
  • Source: The Peninsula…
  • Sector:Oil & Gas
  • Country:Qatar
  • Who else needs to know?

New impetus for sustainable waste management in GCC – The Peninsula

Industry news, Real Estate, Financial Markets, Banking, Startups, Stock Exchange, Oil & gas, Technology, Professionals, Business news, Research

Doha: Rebound Plastic Exchange, a global B2B digital trading platform for recycled plastics, is geared to support the Cooperation Council for the Arab States of the Gulf (GCC) to achieve sustainable waste management, a recent report by the company stated.

Currently, it is estimated that it will take $60-85bn. invested across four key value streams, plastic, concrete and cement, metal, and bio-waste over the next 20 years to meet targets throughout the GCC region - according to a new report by Boston Consulting Group (BCG) in collaboration with the World Business Council for Sustainable Development (WBCSD).

The recent launch of Rebound Plastic Exchange will spur trust and quality assurance amongst buyers and sellers in the GCC, providing companies and nations with a vital benchmark for their capacity to adopt and trade quality assured plastics, equip them with frameworks to facilitate exchange and highlight the tangible benefits of transparent plastic trading.

(pictured) said: “Facilitating the demand supply gap with the GCC’s recycling infrastructure will position the GCC as a key actor in the global effort towards circularity. Rebound Plastic Exchange can help do just that.”

The report, titled “Recycling in the GCC: Securing Valuable Resources for a Sustainable Future”, finds that the GCC generates

Industry news, Real Estate, Financial Markets, Banking, Startups, Stock Exchange, Oil & gas, Technology, Professionals, Business news, Research