Carbon credits from material recycling

Learn more about the material recycling projects behind the carbon credits available for offsetting

Holofon crediting project details

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Description

Introduction of Holofon Zrt.

At Holofon Zrt. recycling is carried out using an advanced, environmentally friendly technology that includes sorting, shredding, grinding, agglomeration, and regranulation.

The company processes plastics such as PE, PP, and HIPS, adapting each step of preparation and granulation to customer-specific requirements. Homogenization with masterbatches and additives ensures consistent physical properties, which is critical for downstream manufacturing.

The final stage of production takes place on screw extruder lines, where the homogenized material is melted, granulated, and packaged as recycled plastic regranulate. Quality control is integrated into every production cycle through regular sampling and testing in line with the company’s quality management system.

All raw materials are supported by technical and safety data sheets.

The Carbon Accounting Model

HOLOFON Zrt.'s carbon accounting model measures the environmental impact of genuine and comprehensive open-loop plastic recycling activities based on strict circular economy principles. The resulting emissions reductions is based on two main elements - the avoided emissions of virgin material production and the avoided carbon footprint of alternative waste management such as incineration or landfilling.

The model only takes into account recycling volumes where the processor has acquired accounting rights over the incoming waste material flows either by purchasing the waste or receiving a waiver from the entitled legal person. It only accounts processes where incoming waste have been transformed both physically and legally, ceasing to be waste as end products.

The carbon calculation applies exclusively to these secondary raw materials as end products successfully reaching “end-of-waste” status, but only to the extent that the degree of processing demonstrably exceeds the minimum legal requirements on a voluntary basis.

In the case of recycled end products, the general deterioration in material and function (downcycling) compared to virgin materials was also taken into account as a factor reducing the result.

Project details

Verifiers' declaration Declaration
Registry link View the Mitigia Plastic Recycling Program (2021–2025)

 

Green investor:

Holofon Zrt..

  Project developer:

MITIGIA CARBON Zrt.

Program ID:

4LB-JQD-GGHJ

  Registry:

OurOffset Nonprofit LLC.

Project type:

Plastic recycling in materials

  Verifier:

Green Cross Hungary Association

Location of the project:

Hungary, European Union

  Total volume of CO2e avoided (GHG impact):

29 014 tons

Issuance period:

01.01.2021 - 30.09.2025

  Total amount of VCUs originated: 29 014
  
Year of issuance: 2025   Type of credits: 

Technology Based Verified Emission Reduction

Status of issuance:

VCU (Verified Carbon Unit)

  Type of receiver:

End-user

Underlying standard:

international Carbon Cycle, QCUS Quality Creative Utilization Standard

     
Methodology:

Post-financing of Waste Recycling Investments through the Issuance of Carbon Credit

     

 

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