Yes, there are no geographical restrictions. To date, there are projects that are PPRS registered in seven (7) countries, spanning across three (3) continents, with 89,456.86 plastic credits purchased and retired. By the end of 2024, we aim to expand the utilization of the PPRS to over ten (10) countries. There is also a provision in the PPRS that states that where EPR or other relevant policies exist, the more stringent (PPRS or national policies) should be adhered to by the project aiming to register under the PPRS.

PCX Solutions strives to maintain PPRS's relevance and alignment with evolving regulations and international standards. As such, since its initial publication in April 2020, the standard has been continually reviewed and updated. Summary of changes from previous versions are detailed in the PPRS Summary of Version Changes.

PPRS was born in the Philippines, a developing country that also represents all places hit hard by the plastic crisis. We know firsthand its toll on nature, the climate, the economy, and our health; as such, PPRS was developed while keeping in mind the financial constraints and operational capabilities of cleanup projects in developing countries. The PREVENT Waste Alliance, an initiative supported by the German Federal Ministry for Economic Cooperation and Development (BMZ), released Guidelines on Minimum Requirements for Plastic Waste Recovery & Crediting Standards, which includes PCX Solutions’ PPRS, which either exceeds or is at par with the defined requirements in all points. Please find the paper here.

Currently, there is no established and globally accepted mechanism for trading of Plastic Credits. As such, PPRS Plastic Credits are not tradeable, and transfer of ownership may only be done once (i.e. from Project Partner to the Plastic Credit Buyer).

Part of the PPRS conformity assessment is validating the traceability, monitoring, recording, and reporting of collection and processing, as well as the sale of plastic credits. The VVB as part of the initial assessment would validate if sufficient controls exist to warrant the accuracy, truthfulness, and reliability of the monitoring and reporting system. Every year, during a project’s compliance review and monitoring, the same type of monitoring and reporting records and systems will be validated and verified by the VVB. Additionally, the Project Partner registering under PPRS is required to secure the prior and informed consent from its value chain partners to ensure that no one else in the value chain would have claim to the credits intended to be sold by the PPRS registered Project Partner. Lastly, all PPRS credits sold/ retired will be available in a publicly accessible registry, together with the chain of custody documents, 3rd party verification report, and Plastic Credit Certificate containing the unique serial number.

Yes, a conformity assessment done by an approved VVB is required for projects to be registered. Refer to https://www.pcxsolutions.org/vvb for the list of approved VVBs.

No, either one of these two additionality types needs to be demonstrated by the Project Partner and validated by the VVB. However, if a Project Partner wants to communicate the full range of its intended positive project impacts, they should subject this to the validation of their VVB.

Project partners may refer to module 2 of the PPRS to determine their eligibility. Furthermore, the requirements for registration are detailed in module 3. Interested Project Partners may also make use of the Preliminary Project Information Sheet. Interested Project partners may then submit the accomplished form to pprs@pcxsolutions.org to ask for a pre-evaluation or clarificatory call prior to engaging a VVB.

Registration under the standard entails a minimal administrative fee of USD 500 for the five-year registration period and 2% levy on the plastic credit sales price for impact verification and plastic credit issuance. In comparison to other standards, a PPRS credit is issued after a credit buyer has placed an order for a project's credits and the impact (collection and processing) has been verified, so the levy applies only to credits which have been funded. This significantly reduces the up-front investment required for new projects.

Project Partners decide on the price of their plastic credits. Pricing is usually determined based on operations and maintenance costs of the project, and the project’s aspirations (i.e. plans for expansion, equipment upgrade, increase in capacity or collection sites, etc.), however, the Project Partner should provide proof and evidence of how the funds from plastic credits are/ would be allocated to its value chain and towards its validated project impacts (basis of additionality).