Glossary

ClimeCo Partners with Conceptos Plasticos to Develop A Global Plastic Credit Project

ClimeCo Partners with Conceptos Plasticos to Develop A Global Plastic Credit Project

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

ClimeCo Partners with Conceptos Plasticos to Develop A Global Plastic Credit Project

School made from recycled plastic construction bricks

ClimeCo has launched its Plastic Credit Program to partner with companies worldwide to develop projects to scale the recovery and recycling of ocean bound plastics. These projects generate plastic credits to provide supporting companies with a structured, verified solution to help address their plastic footprint and sustainability program communications. 

The Project

The Women and Young empowerment (WaY) project is an initiative from Conceptos Plasticos; a Columbian company focused on the circular economy with environmental, social, and economic impact. The WaY project is recovering post-consumer, non-recyclable, ocean bound plastic waste in Cote d’Ivoire. The project’s operations remove plastic waste that would otherwise remain in the environment and give it a productive next life. The recovered plastic waste is repurposed in Conceptos Plasticos’ facility to produce construction bricks. The project will implement a plastic economic value model that can be expanded to other African countries and beyond through this recovery and repurposing process. 

The WaY project is partnered with UNICEF (United Nations Children’s Emergency Fund) to build schools from the recycled bricks. These schools are constructed in areas lacking sufficient educational facilities and capacity. Every classroom built uses almost 7 tonnes of recovered plastic waste.  UNICEF has the goal to build up to 600 new classrooms in Cote d’Ivoire in 2022.

The project gives women participating in The WaY Methodology employment opportunities and a new source of income. Women collectors bring in collected plastic waste to be recycled in exchange for compensation and benefits such as health insurance. The project empowers women collectors with increased income, recycling industry labor rights, environmental practices, and child education.  Click here to learn more about the project’s social and environmental impacts.

The WaY Project employees at recycling facility

Support Plastic Waste Projects

ClimeCo works closely with project developers to help find support through the purchase of plastic credits.  The credit mechanism provides funding for these projects to expand their geography, collector workforce, and recycling facility capacity. ClimeCo partners with projects like The WaY and developers like Conceptos Plasticos to help clients with their plastic sustainability goals, including how best to support environmental plastic removal, develop recycling projects, and implement credits as part of an overall corporate plastic waste reduction effort.  

For more information about plastic credits or how your organization can support ocean-bound plastic removal, please email Chris Parker, ClimeCo’s Director of Plastic Credits at cparker@climeco.com.

About ClimeCo

ClimeCo is a respected global advisor, transaction facilitator, trader, and developer 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.