International Holding Company (IHC), the largest company listed on the Abu Dhabi Securities Exchange, announced today the establishment of Rebound Ltd., dedicated to reducing global plastic pollution. The subsidiary will launch the Rebound Plastic Exchange, a quality-assured trading platform for plastic feedstock that will enable global buyers and sellers to efficiently trade recycled plastic with trust and confidence, said IHC in a news release.
“For the first time, the trade of plastic feedstock will see the same levels of trust and transparency that exist in the market for other commodities,” said Douglas Woodring, Lead Expert at Rebound Ltd. “Increasing business confidence and encouraging greater trading volume will mean a reduction in plastic going to landfills,” he added.
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