Rebound Ltd., Bioeconomy and ACX sign a Memorandum of Understanding forming a Net-Zero Carbon and Plastics Alliance
ABU DHABI, UAE, Jan. 17, 2023 /PRNewswire/ -- Rebound Ltd. (RPX), a subsidiary of Abu Dhabi's International Holding Company, has signed a Memorandum of Understanding (MoU) with carbon-focused companies Bioeconomy and ACX Holdings Ltd, the holding company of the AirCarbon Exchange (ACX) group, to identify net-zero carbon and recycled plastics opportunities in the Middle East and around the world.
- This alliance amplifies each party's plastics and carbon expertise to pioneer the future of environmental commodities.
- Bioeconomy will bring its expertise in the technical standards surrounding carbon credits to the partnership, educating the market on similar incentive-driven approaches for plastics recycling.
- William Pazos, Co-Founder and Co-CEO of ACX, said: "ACX is expanding our offering beyond carbon into broader environmental products.
- This cooperation with Rebound and Bioeconomy marks the beginning of our foray into the nascent plastics space.