{"id":14247,"date":"2022-12-09T15:51:00","date_gmt":"2022-12-09T15:51:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3958618_AE58618_0"},"modified":"2022-12-09T15:51:00","modified_gmt":"2022-12-09T15:51:00","slug":"rebound-plastic-exchange-ready-to-unlock-new-opportunities-for-recycled-plastics-in-hong-kong","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=14247","title":{"rendered":"Rebound Plastic Exchange ready to unlock new opportunities for recycled plastics in Hong Kong"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/en.prnasia.com\/prnasia.com-PC\/images\/logo-en-blue-in.png\" class=\"ff-og-image-inserted\"><\/div>\n<p>Rebound Plastic Exchange, a quality assured global trading platform for recycled plastics, will ensure transparency whilst facilitating cross border trade to unlock circularity worldwide.<\/p>\n<p><span class=\"xn-location\">ABU DHABI<\/span>, UAE, <span class=\"xn-chron\">Dec. 9, 2022<\/span> \/PRNewswire\/ &#8212; Rebound Plastic Exchange, a global B2B digital trading platform for recycled plastics, is ready to enter the <span class=\"xn-location\">Hong Kong<\/span> market in full swing following its increased activity across the <span class=\"xn-location\">Middle East<\/span>, <span class=\"xn-location\">North America<\/span>, <span class=\"xn-location\">Latin America<\/span>, <span class=\"xn-location\">India<\/span>, <span class=\"xn-location\">Southeast Asia<\/span> and <span class=\"xn-location\">Europe<\/span>. The global marketplace promises quality assurance and trust by vetting the members and listings posted onto the marketplace, thus helping <span class=\"xn-location\">Hong Kong<\/span> and the industry achieve its targets and keep plastic out of the environment.<\/p>\n<p>In 2016, <span class=\"xn-location\">Hong Kong<\/span> exported nearly&nbsp;1.78 million tonnes<sup>[1]&nbsp;<\/sup>of recycled plastic waste to <span class=\"xn-location\">China<\/span>, most than any other country in the world. In 2020, plastics still made up 21% of the city&#8217;s total municipal solid waste (MSW), though with a 27% increase in locally recycled plastics<sup>[2] <\/sup>. The Hong Kong Legislative Council then passed the Waste Charging Scheme in 2021 with hopes to reduce per capita waste disposal by 45% and increase recycling rates by 55%<sup>[3]<\/sup>. As the highly anticipated scheme is about to begin in 2023, and with the new Waste Blueprint for <span class=\"xn-location\">Hong Kong<\/span> 2035 entering into force, Rebound Plastic Exchange is ready to enable the city to unlock more investment opportunities to support its growing recycling targets and initiatives.<\/p>\n<p>Maryam&nbsp;Al Mansoori, General Manager, Rebound Plastic Exchange, said, &#8220;Recent data shows plastic waste represents approximately 20% of municipal solid waste disposal in <span class=\"xn-location\">Hong Kong<\/span>. <sup>[4]<\/sup> This statistic could very well be leveraged as the world&#8217;s plastics market is forecasted to reach <span class=\"xn-money\">$46.6 bn<\/span> by 2025.&#8221;<\/p>\n<p>Rebound Plastic Exchange&#8217;s increased activity in <span class=\"xn-location\">Hong Kong<\/span> will only complement the regional government&#8217;s commitments towards the Basel Convention&#8217;s Amendments on the trade of plastic and thus unlocking the world&#8217;s plastics, one country at a time. Active buyers and sellers on Rebound Plastic Exchange come from over 21 countries, helping source plastic feedstock at the preferred price ranges.<\/p>\n<p>Industry members, whether buyers or sellers of recycled plastics, can register on Rebound Plastic Exchange free of charge and access a global marketplace for quality assured feedstock.<\/p>\n<p>[1] <a href=\"https:\/\/ourworldindata.org\/grapher\/plastic-exports-to-china\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/ourworldindata.org\/grapher\/plastic-exports-to-china<\/a><\/p>\n<p>[2] <a href=\"https:\/\/www.wastereduction.gov.hk\/sites\/default\/files\/msw2020.pdf\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.wastereduction.gov.hk\/sites\/default\/files\/msw2020.pdf<\/a><\/p>\n<p>[3] <a href=\"https:\/\/www.wastereduction.gov.hk\/en\/index.htm\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.wastereduction.gov.hk\/en\/index.htm<\/a><\/p>\n<p>[4] <a href=\"https:\/\/www.gov.hk\/en\/residents\/environment\/waste\/management\/prsplastic.htm\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.gov.hk\/en\/residents\/environment\/waste\/management\/prsplastic.htm<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rebound Plastic Exchange, a quality assured global trading platform for recycled plastics, will ensure transparency whilst facilitating cross border trade to unlock circularity worldwide. ABU DHABI, UAE, Dec. 9, 2022 \/PRNewswire\/ &#8212; Rebound Plastic Exchange, a global B2B digital trading platform for recycled plastics, is ready to enter the Hong Kong market in full swing [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-14247","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rebound Plastic Exchange ready to unlock new opportunities for recycled plastics in Hong Kong - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=14247\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rebound Plastic Exchange ready to unlock new opportunities for recycled plastics in Hong Kong - My Blog\" \/>\n<meta property=\"og:description\" content=\"Rebound Plastic Exchange, a quality assured global trading platform for recycled plastics, will ensure transparency whilst facilitating cross border trade to unlock circularity worldwide. 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