Re.life market enables recycling through AED100mln worth of trades on its platform

Re.life market enables recycling through AED100mln worth of trades on its platform

Sharjah, UAE: re.life market, the virtual marketplace for business-to-business buying and selling of recovered commodities, recorded over 150,000 tonnes of recyclable material being traded on the platform in 2022, amounting to over AED100 million in value. This is a major milestone for the platform, which was launched by re.life in 2021, and a powerful indicator of the shift in the industry towards more efficient and sustainable ways of trading recyclables.

The re.life market platform connects buyers and sellers of recyclables in a virtual B2B marketplace, with several trade options for a transparent and fair bidding process that meets the specific needs of buyers and sellers. Trades are possible across categories of recyclables, including ferrous and non-ferrous metals, plastic, paper, wood, e-waste, glass, and rubber. re.life market also verifies the quality of recyclables being traded on the platform and provides guarantee of payment to sellers when a trade is completed. While buyers are guaranteed that high-quality recyclables will be allocated to them, sellers have the assurance of receiving payment. Buyers also have greater access to in-demand material and sellers are empowered to command fair prices. Of the over 150,000 tonnes of recyclables traded on the platform to date, metals, plastic, paper and