NCRB Plastic Credits Whitepaper
Version 1.3 | February 2026
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Website: https://ncrb.world | Email: info@ncrb.world | Twitter: @NCRBPlatform
LinkedIn: https://linkedin.com/company/natural-capital-rebank
Abstract
This whitepaper presents Natural Capital ReBank's (NCRB) approach to tokenizing Plastic Credits on blockchain. The plastic credit market is one of the fastest-growing environmental credit markets, with $150 billion in market size and 25% CAGR — driven by growing corporate plastic-neutral commitments and Extended Producer Responsibility (EPR) regulations worldwide. NCRB provides institutional-grade infrastructure to bring transparency, liquidity, and verifiability to this high-growth market.
1. About NCRB
Natural Capital ReBank (NCRB) is a comprehensive blockchain-based platform that tokenizes Natural Capital assets across multiple asset classes. The platform addresses the $10 trillion Natural Capital market opportunity by solving critical pain points: lack of liquidity, opaque pricing, fragmented markets, inconsistent quality standards, and high transaction costs.
Through blockchain technology and industry-aligned assessment frameworks, NCRB delivers:
- Instant settlement via on-chain transactions
- Transparent pricing via real-time oracles
- Fractional ownership through ERC-7943 uRWA tokenization
- Automated compliance via smart contract governance
- Verifiable asset quality through programmatic scoring
2. Plastic Credits Market Overview
Market Size: $150 billion (2025)
Growth Rate: 25% CAGR
NCRB Addressable Market: $75 billion
2.1 Sub-Types
- Ocean plastic removal
- Landfill diversion credits
- Recycling credits
- Plastic-neutral certifications
2.2 Supported Standards
- rePurpose Global
- Plastic Bank
- Verra Plastic Waste Reduction Standard (PWRS)
- CleanHub
2.3 Price Aggregators
- rePurpose Global Marketplace
- ICIS Recycling
- Plastic Bank Exchange
- CleanHub Platform
3. Quality Bands & Pricing
| Quality Band | Certification Type | Description | Price Range (2025) | NCRB Tokenization |
|---|---|---|---|---|
| Premium | Plastic Negative (rePurpose) | 2x plastic footprint offset | $600–$800/tonne | ✅ Eligible |
| High Quality | Ocean-Bound Plastic (Plastic Bank) | Coastal collection, Social Plastic® | $400–$600/tonne | ✅ Eligible |
| Standard | Plastic Neutral (rePurpose) | 1:1 footprint offset + reduction | $200–$400/tonne | ✅ Eligible |
| Basic | Recycling Credits (Verra PWRS) | Verified recycling/diversion | $100–$200/tonne | ⚠️ Review Required |
4. Token Issuance Criteria
To qualify for NCRB tokenization, plastic credits must meet all of the following criteria:
- Minimum Plastic Neutral certification from Tier 1/2 registries
- Third-party verification (rePurpose Global, Plastic Bank, Verra)
- Geographic tracking (collection location, processing facility)
- Social impact documentation for ocean-bound plastic
5. Quality & Impact Framework
NCRB employs a programmatic quality scoring system (0–100) across six weighted dimensions:
| Dimension | Weight | Key Inputs |
|---|---|---|
| Technical Quality | 25% | Certification tier, waste stream verification, processing documentation |
| Additionality | 20% | Barrier analysis, market access barriers for collection workers |
| Permanence | 20% | End-of-life processing guarantees, material traceability |
| Certification Level | 15% | Registry tier, audit frequency, chain-of-custody verification |
| Social Impact | 12% | Waste picker livelihoods, community health, gender inclusion |
| Vintage/Condition | 8% | Collection year, processing data freshness |
5.1 Credit Rating Bands
| Score Range | NCRB Band | Industry Alignment | Market Interpretation |
|---|---|---|---|
| 85–100 | AAA / Premium | Plastic Negative, ocean-bound with social impact | Institutional-grade, premium pricing |
| 75–84 | AA / High | Ocean-Bound Plastic with verified social co-benefits | High-quality voluntary market |
| 65–74 | A / Standard | Plastic Neutral with verified collection/processing | Tradable with risk discount |
| 50–64 | BBB / Review | Basic recycling credits, limited documentation | Limited buyers, price pressure |
| <50 | Not Eligible | Unverified claims | High integrity risk |
6. SDG/ESG Impact Tracking
NCRB tracks the following impact metrics for plastic credits:
- Plastic Waste Removed: kg per year by material type
- Geographic Coverage: Collection region and ecosystem type
- Social Co-Benefits: Waste picker income, jobs created, health improvements
- Processing Traceability: End-of-life material pathway
CSRD/TNFD Mapping: Plastic metrics align with CSRD E2 (Water/Pollution) and TNFD Nature Impact and Dependency pillars.
7. Token Economics
Token Type: ERC-7943 uRWA (per asset certificate)
Backing: 1:1 with verified plastic credit certificate
Supply: Minted on governance approval, burned on redemption
Symbol: NC-PLASTIC{ID}
7.1 Distribution
| Recipient | Allocation | Vesting |
|---|---|---|
| Asset Owner | 70% | Immediate |
| Registry Partner | 10% | 6-month vesting |
| NCRB Platform | 10% | 12-month vesting |
| Third Party (optional) | 10% | Configurable |
7.2 Fee Structure
| Fee Type | Amount |
|---|---|
| Trading fees | 2.5% of transaction value |
| Insurance fees | 1.5% annually |
| NCRB Treasury | 1.0% of asset |
7.3 BaaS Service
- BaaS Licensing: Institutional rates available for quotation
8. Buyer Credit Workflow
- Verify Plastic Footprint — Assess corporate plastic footprint before credit purchase
- Select Quality Tier — Choose credits matching corporate plastic-neutral claim requirements
- Review Documentation — Access collection verification, social impact reports, chain-of-custody
- Retire Credits — On-chain retirement with serial numbers and timestamps
- Generate Reports — Export compliance packages for corporate sustainability reporting
9. Legal Disclaimer
This document is for informational purposes only and does not constitute financial, investment, or legal advice. Natural Capital ReBank makes no representations or warranties regarding the accuracy or completeness of the information contained herein. Participation in NCRB markets is subject to applicable laws and regulations in the user's jurisdiction.
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