EPR Credits From Plastic Waste Recyclers

The Plastic Waste Management Rules prescribe EPR Compliance for Plastic Waste generated from plastic packaging products and sheets. The producers, importers and brand owners of these plastic products need to recycle plastic waste as per their yearly EPR target. But there are cases when some producers recycle plastic waste more than their annual EPR target while on the other hand, there are also some producers who are unable to recycle their annual EPR target. To deal with the situation, there is a provision to trade EPR Credit for Plastic Waste and transfer them from one producer to another. In this manner, total recycled waste is distributed among the producers as per the availability of EPR Certificates.

Highlights of the Service-

• Efficient EPR Liability Fulfilment of PIBOs
• Affordable EPR Credits for Plastic Waste
• Extended Support for Annual Filings and other Compliance

Who are Plastic Recyclers?

Plastic recyclers are business entities that recycle collected plastic waste of various types. This waste can be collected from the producers directly or from any third party. As producers need to complete their EPR target every year they do collect plastic waste and transfer it to the plastic waste recycling plant. These recyclers then recycle this waste and provide an EPR Certificate for successful recycling of the waste provided by the producers.

Plastic Waste is categorised in various categories under the Plastic Waste Management Rules. There are four categories and EPR Compliance for Plastic Waste is defined for each category separately. Even some recycling plants offer recycling of a single type of plastic. These categorised plastic types are as follows-

• Rigid Plastic Packaging - Category I
• Flexible Plastic Packaging - Category II
• Multi-layered Plastic Packaging - Category III
• Plastic Sheets - Category IV

CPCB EPR Credit Model for Plastic Waste - Explained

CPCB EPR Credit for Plastic Waste is used to distribute recycled plastic waste among the producers to facilitate those who have not yet fulfilled their EPR obligation for the last financial year by recycling Plastic Waste. EPR Credit is just another term for the EPR Liability Surplus. This Surplus is obtained by the producers by recycling plastic waste when their EPR Obligation for the applicable financial year is already fulfilled. Let’s understand this with the help of an example.

Suppose the EPR Obligation of a producer for the last financial year is 12 metric tonnes. He has to recycle 12 metric tonnes of plastic waste but he already collected and recycled 15 metric tonnes of plastic waste. In this case, he receives EPR Credit for Plastic Waste worth 3 metric tonnes. At the same time, there is another producer who has to recycle 7 metric tonnes of Plastic Waste but he could only recycle 5 tonnes in the whole year. In this case, the latter can purchase EPR Credits from the first producer worth 2 metric tonnes and complete his EPR obligation for the last financial year.

This Plastic Waste EPR Credit trading doesn’t take place only between the producers but plastic waste recyclers also sell EPR Credit for Plastic Waste. Corpseed provides Plastic Waste EPR Credits at affordable prices and fulfils the EPR targets of its clients in the most efficient manner.

Who needs to get EPR Credits from Plastic Waste Recyclers?

The business entities that have produced their plastic products and circulated the same in the market need to recycle the plastic waste according to the quantity of their production. But if they are not able to recollect the plastic waste generated from their product and could not recycle, they can directly reach out to plastic recyclers to purchase the CPCB EPR Credit for Plastic Waste. So the following entities will require to purchase CPCB EPR Credits for Plastic Waste to fulfil their EPR Obligation-

• Producers of carry bags, multi-layered packaging, and plastic sheets
• Manufacturers of carry bags, multi-layered packaging, and plastic sheets
• Importers of carry bags, multi-layered packaging, and plastic sheets
• Industries using these products for packaging or wrapping of any commodity
• Individuals using these products for packaging or wrapping any commodity
• Brand owners that manufacture, sell, import, or use these packaging plastic products for their commodities

The EPR Credit System for Plastic Waste has various benefits for the Waste producers. Some of the major benefits are as follows-

• Assists producers to accomplish their EPR Targets for year
• Creates balance in Plastic Waste Distribution among the producers
• Producers get the facility to purchase EPR Credits from the Recyclers
• Recyclers make efforts to collect more and more plastic waste and recycle them to sell EPR Credits to Producers later on
• Supports overall recycling culture and sustainable development practices in the business fraternity

Recyclers do not have any liability to fulfil as long as they are not producing any kind of plastic waste. They earn EPR Credits for the plastic waste they collect and recycle in their recycling facility. The Plastic Waste Recyclers sell these earned Plastic Waste EPR Credits to the producers, importers and brand owners which fulfils their EPR obligations.

• Plastic Waste Recyclers requires to generate EPR Certificate for the recycled waste and provide it to the producers.
• Plastic Waste Recyclers also need to file annual returns and data regarding the total plastic waste recycled.
• Both parties involved in the Plastic Waste EPR Credit Trading need to have EPR Registration for Plastic Waste Management issued by CPCB.

You can easily fulfil your EPR obligation for Plastic Waste by purchasing Plastic Waste EPR Credit from Plastic Waste Recyclers. EPR Credit for Plastic Waste can be purchased at the best prices through corpseed in the most efficient way. There are other many perks of taking the services of Corpseed-

• Corpseed Efficiently Fulfils Your EPR Obligation

Producers can connect with Corpseed to purchase EPR Credits from Plastic Waste Recyclers. We have a vast network of Plastic Waste Recyclers who can recycle your plastic waste and also sell EPR Credit for Plastic Waste as per your requirement. By way of EPR Credits and Recycling, Corpseed fulfils the EPR Liabilities of its clients regularly at the minimum cost possible.

• Competitive Rates for EPR Credit for Plastic Waste

You get the flexibility to choose the plastic waste recycler at your convenience. This way you get many options to choose a recycler which ensures you get the most affordable price for EPR Credits of Plastic Waste.

• Annual Filing of the Returns

Once you have fulfilled your EPR Liabilities for the Last Financial Year, Corpseed provides you with the facility to file annual sales and purchase data along with the recycling targets achieved on the EPR Portal of CPCB. You do not need to worry about the Annual EPR Compliances for Plastic Waste, the expert team at corpseed takes care of it all.

• Most Efficient and Effective EPR Plans

Corpseed provides EPR Plans for the subsequent years to efficiently fulfil your EPR obligations before deadlines at the minimum cost possible.

• Extended Legal Support

We also provide you with legal support for any ongoing CPCB Query or any subsequent notices you receive. Our legal experts assist you in understanding the legal complexities and resolving any legal matter in the minimum time possible.

EPR Credit for Plastic Waste can be sold to other producers, importers and brand owners. These EPR Credits can also be carried forward to next year to adjust against the EPR Obligation of next year. The only condition is that EPR Credit for one category can only be adjusted against the same category. EPR Credit earned for Category I can not be adjusted for the EPR Liability pending in Category II.

When it comes to handling Annual EPR Compliance for Plastic Waste, Corpseed emerges as the top-notch choice. With a wealth of expertise in managing EPR Compliances for diverse waste types like E-Waste, Plastic Waste, Battery Waste, and Tyre Waste, their Plastic Waste EPR Management services stand out. The company's impressive track record includes successfully meeting EPR targets for a vast number of producers across the country. Moreover, they offer competitive rates for Plastic Waste EPR Credits to achieve recycling targets affordably, allowing clients to select their preferred recyclers. Corpseed's expert team follows international best practices for efficient battery waste management. Their dedicated legal team is always on hand to support clients facing any legal notice or query from the CPCB, and with Corpseed, clients could save up to 10% on their overall waste management expenses, making it a cost-effective and reliable option.