Rebound launches global digital trading platform for recycled plastics

Rebound launches global digital trading platform for recycled plastics

ABU DHABI, 5th September, 2022 (WAM) -- Rebound, a subsidiary of International Holding Company (ADX: IHC), on Monday celebrated the launch of Rebound Plastic Exchange (RPX), a global B2B digital trading platform for recycled plastics, a turning point for the industry as the world’s plastics market is forecast to reach US$45.6 billion by 2025.

The global launch convened world leaders from government, business, and civil society to discuss how trading plastics presents an untapped opportunity to enable global circularity and fill demand gaps while boosting investment opportunities through dynamic exchanges.

The announcement was made by Maryam Al Mansoori, Chief Executive Officer, Rebound, who, while delivering a keynote, said, "RPX was envisioned to bring trust and quality assurance amongst buyers and sellers. Our digital platform provides companies and nations with a vital benchmark for their capacity to adapt and trade quality-assured plastics, equip them with frameworks to facilitate exchange, and highlight the tangible benefits of transparent plastic trading. Overall, the platform inherently complements governments’ commitments to the Basel Convention’s Amendments on the trade of plastic and enhances the responsible participation in the recyclable plastic trade."

Commenting on the occasion, Dr. Rodolfo Lacy, Director for Climate Action and Environment for Latin America and Special Envoy