Rebound Plastic Exchange launches as recycled plastic trading platform

United Arab Emirates-based International Holding Co. (IHC) has formed Rebound Ltd. to address global plastic pollution. Rebound Ltd. also will launch Rebound Plastic Exchange as a global quality-assured trading platform for plastic feedstock to enable buyers and sellers to trade recycled plastic.

The new platform aims to increase the efficiency of recycling plastic at scale. According to IHC, Rebound Plastic Exchange “will introduce globally recognized standards, certification, insurance and quality assurance into the supply chain.”

“We’ve developed a global trading solution that offers a large-scale opportunity to reduce some of the world’s plastic pollution via recycling,” says Maryam Al Mansoori, general manager of Rebound Ltd. “By capturing the value of plastic feedstock, we allow companies across all sectors—from apparel to automotive—to access recycled content with confidence while creating new opportunities for communities in the value chain to grow their economies.”

According to a news release from IHC, the current market for recycled plastic “is fragmented” and complex, making it difficult to source quality products. The company says it hopes Rebound Plastic Exchange will fill that gap in the market to facilitate a circular economy through a quality-assured platform to purchase and provide feedstock of recycled plastic to meet the growing demand from multinational companies.

Syed Basar Shueb, IHC’s chief executive officer and managing director, adds, “This is a breakthrough concept coming from the UAE to the world with significant potential. The availability of a reliable advanced recycling system will play an essential role in helping address plastic in the environment of many countries around the globe. We are confident our investment in Rebound Plastic Exchange will be another successful business for IHC.”