Glossary

TONTOTON’s Story of the Plastic Credit

TONTOTON’s Story of the Plastic Credit

TONTOTON’s Story of the Plastic Credit

Orphan plastic refers to post-consumer single-use plastic that is of little value and non-recyclable. This type of plastic waste poses a significant threat to our world’s oceans. Our partners at TONTOTON have found a solution to prevent this plastic waste from entering the oceans by collecting it and giving it a productive next life. With the selling of plastic credits, TONTOTON can expand and grow its project efforts.

Click here to learn more about our plastic credit program.  If you are interested in supporting this project by purchasing plastic credits, please contact us today

This video is an excellent introduction to TONTOTON’s project and the impact plastic credits can make on our planet. 

 

 

World’s First Plastic Credit

World’s First Plastic Credit

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
CONTACT
Nancy Marshall, Vice President, Marketing
484.415.7603 or nmarshall@climeco.com

World’s First Plastic Credit

June 8th, 2021 (Boyertown, PA)ClimeCo, a leader in the management and development of environmental commodities, has partnered with TONTOTON, a project developer in Vietnam that removes no-value plastic from the environment to generate the world’s first plastic credit from an independent protocol and 3rd party verification audit.  These credits were achieved through the Ocean Bound Plastic Neutrality Certification from French-based NGO Zero Plastic Oceans, and have been verified by leading global certification specialist Control Union Certifications.  A plastic credit is an environmental commodity that represents the collection or recycling of one tonne of plastic material, which can be transferred between organizations. ClimeCo will market the plastic credits generated from this partnership, and clients will have the ability to purchase credits to use in their ESG, CSR, and sustainability programs.

“We decided to partner with and support TONTOTON because of their solution to create value in recovering plastic waste before it enters the ocean, that without them would otherwise not happen,” says Chris Parker, Director of Plastic Markets at ClimeCo. “Their values of addressing environmental justice, community health, and the welfare of workers matched our own.”

TONTOTON projects recover post-consumer, non-recyclable, ocean bound plastic waste and co-process it into AFRM (Alternative Fuels & Raw Materials), which replaces coal at a local manufacturing plant to reduce the site’s GHG emissions. TONTOTON’s program is built on economic benefits for all parties, from the informal waste pickers to the funding companies. ClimeCo’s investment in TONTOTON has allowed them to hire workers, expand capacity, and start working in new areas in Vietnam to scale up the volume of plastic waste recovery. 

“Plastic credits allow us to create a significant environmental and social impact by focusing on non-recyclable plastic that has no demand in the commodity market and is the main cause of pollution in our oceans,” says Barak Ekshtein, Founder and CEO at TONTOTON. “ClimeCo’s environmental approach to long-term solutions allows us to be creative in developing sustainable circular economy projects that will impact the environment over the years.”

Many social and environmental co-benefits should result from successful plastic credit projects. TONTOTON provides workers who are primarily female with an additional sustainable income, personal protective equipment, and primary health insurance for those who need it. The projects also support local governments, NGOs, and local businesses to build sustainable waste management infrastructure where it does not exist, creating circular economics. Their work is helping to conserve marine biodiversity and contributing to ecosystem restoration.

For more information on these first plastic credits or other projects, contact us by using the information listed below.

About ClimeCo

ClimeCo is a respected advisor, transaction facilitator, and trader of environmental commodity market products and related services. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs.  Complimenting these programs is a team of professionals skilled in providing sustainability program management services, and developing and financing of GHG abatement and mitigation systems.

For more information or to discuss how ClimeCo can drive value for your organization, contact us at 484.415.0501, info@climeco.com, or through our website climeco.com. Be sure to follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.

ClimeCo Expands into the Plastic Credit Market with the Hire of Chris Parker

ClimeCo Expands into the Plastic Credit Market with the Hire of Chris Parker

NEWS RELEASE
FOR IMMEDIATE DISTRIBUTION
CONTACT
Nancy Marshall, Corporate Marketing Director
484.415.7603 or nmarshall@climeco.com

ClimeCo Expands into the Plastic Credit Market with the Hire of Chris Parker

April 14, 2021 (Boyertown, PA) – ClimeCo announces its expansion into the plastic credit market with the hire of Chris Parker as Director of our new plastics program.  Parker will be working with partners on projects worldwide to recover and recycle plastic waste.  This program expands financing mechanisms to scale the transition to a closed-loop economy, while providing companies with Environmental, Social, and Governance (ESG) / Corporate Social Responsibility (CSR) solutions that support ecosystem restoration.

chris parker plastics market director

“ClimeCo’s core mission is to address environmental challenges with market-based solutions,” says Derek Six, Chief Business Officer for ClimeCo. “The problem of plastic waste is an environmental challenge that is personal for many of us at ClimeCo.  As an avid boater and fisherman, the waters of our planet and the wildlife they contain are precious, and this program is our contribution to protecting them.”

Plastic waste is the most visible of our environmental concerns, which has caused it to move significantly to the top of many corporate sustainability, CSR goals, and ESG mandates.  Plastic is incredibly versatile, with properties that make it ideal for many applications.  These same qualities have also become an environmental issue, with more than 11 million tons of plastic waste ending up in our oceans each year.  Without change, plastics will undoubtedly impact our ecology, economy, health, and livelihood. 

“The effort of governments and philanthropy is not matching the scale of the plastic waste problem,” says Parker.  “The emerging plastic credit market will direct private sector funds to help scale waste recovery and recycling.  ClimeCo’s clients can support these frontline projects and address their plastic footprints on a path to a circular economy.”

Parker holds a Bachelor of Science in Corporate Finance & Investment Management from the University of Alabama.  He has more than 20 years of experience in energy and commodity markets, sustainability, conservation, and ESG. Before joining ClimeCo, he consulted and led sustainable economy-focused projects that created business solutions for clients in both the corporate and environmental non-profit sectors.

About ClimeCo

ClimeCo is a respected advisor, transaction facilitator, and trader of environmental commodity market products and related services. We specialize in voluntary carbon, regulated carbon, renewable energy credits, plastics credits, and regional criteria pollutant trading programs.  Complimenting these programs is a team of professionals skilled in providing sustainability program management services, and developing and financing of GHG abatement and mitigation systems.

For more information or to discuss how ClimeCo can drive value for your organization, contact us at 484.415.0501, info@climeco.com, or through our website climeco.com. Be sure to follow us on LinkedIn, Facebook, Instagram, and Twitter using our handle, @ClimeCo.