Rebound launches online trading platform for recycled plastics: Rebound, a subsidiary of Abu Dhabi-based International Holding Company (IHC), launched a global B2B digital trading platform for recycled plastics, according to a report in UAE state-owned news agency WAM.

The Rebound Plastic Exchange (RPX) aims to capture some AED 56 bn (USD 15 bn) in global trade, according to a January statement from the IHC announcing the platform.

Don’t get your hopes up for plastics futures contracts just yet: RPX is, for the moment, a standard commodities trading platform with plastics being traded as bales, flakes and pellets, according to RPX’s website.

Allowing for cross-border trading in recycled plastics: Products listed on RPX will have specification sheets developed by industry experts to make it easier to sell internationally, WAM notes. These spec sheets are endorsed by plastics recycling NGO Recoup and will help develop “a universal standard for plastics to be traded on an international scale,” Recoup CEO Stuart Foster is quoted as saying.

You can register to access RPX’s trading platform here.

This won’t be the only recyclable solid waste online trading platform to hit the region: Oman’s state-owned solid waste management firm Be’ah is developing a waste trading platform, we noted yesterday. The platform will see an online auction and allow for trading in recyclable solid waste. Be’ah’s hasn’t yet set a launch date.