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ASEAN Circular Economy Stakeholder Platform (ACESP) ASEAN Circular Economy Stakeholder Platform (ACESP)
ASEAN Circular Economy Stakeholder Platform (ACESP) ASEAN Circular Economy Stakeholder Platform (ACESP)
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  • About Us
    • Who We Are
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    • What is the Circular Economy
    • ASEAN Frameworks
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Precious Plastics Philippines

  • May 7, 2024
  • 1 minute read
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Topic: Case Study, Plastics
Type: Brief
Country: Philippines
Language: EN
Year: 2024
Visit: https://www.switch-asia.eu/site/assets/files/4051/precious.pdf

Precious Plastics Philippines, originally a backyard initiative in 2017, now stands as a pioneer in the realm of plastic recycling machinery provision. Its ethos extends beyond mere equipment sales; it strives to cultivate an appreciation for the untapped potential of discarded plastics as a valuable resource within the circular economy framework. By empowering communities, entrepreneurs, and environmental enthusiasts with the necessary knowledge and tools, Precious Plastics fosters the creation of sustainable businesses centered around the upcycling of plastic waste into profitable goods and construction materials.

Moreover, the company offers comprehensive support services, facilitating the establishment of grassroots recycling centers and collaborative workspaces across the country. Through these endeavors, Precious Plastics not only aids in the diversion of plastic waste from landfills but also actively contributes to the localization of recycling efforts, thus closing the loop on plastic waste at the local level.

Over the years, Precious Plastics has made significant strides, selling hundreds of shredders and recycling machines and establishing numerous collaborative workspaces nationwide. These efforts have not only bolstered economic opportunities but have also raised awareness regarding the imperative of sustainable plastic waste management. Notably, the company has introduced Extended Producer Responsibility (EPR) credits, incentivizing corporate engagement in circular solutions and contributing to the nation’s EPR Law objectives.

Through ongoing initiatives and innovations, Precious Plastics aims to expand its reach and impact, meeting the growing demand for its services while advocating for replication of its model by local governments and communities. By doing so, it aspires to combat plastic pollution, foster economic growth, and instill a culture of responsible waste management across the Philippines.

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