Impac+ funds subsidize the collection of eligible waste plastic (not otherwise commercially collected). That plastic waste can then flow to any of the “proper disposal” options. If it flows into upcycling or products it can then be traced through the supply chain using the same mechanisms (e.g., mass balance) as all of Oceanworks Track & Trace eligible materials. Oceanworks Impac+ is limited to making non-commercial collection activities possible. Recycling or reuse is viewed as the “best” disposal option because it reenters the circular economy and is made into a new product, offsetting new virgin plastic.
