CORSAIR INTRODUCES CSR PLASTIC CREDIT

A new, innovative and convenient way for everyone to become Plastic Neutral.

CSR is an ERC-20 digital receipt that proves that plastic waste has been removed from the environment, allowing both companies and individuals to offset any amount of plastic waste generated monthly, simply by acquiring and retiring the equivalent amount of CSR Plastic Credits.

What is Plastic Credit?

While many want to do their part in reducing their plastic waste, it can be difficult to find the best way to make the biggest difference. Corsair makes it a lot easier, for everyone. ,By creating an easy-to-use CSR Plastic Credit, Corsair now offers the tools for every individual and business to become certified Plastic Neutral.,Becoming Plastic Neutral means that for every single pound of plastic that is discarded as trash, an equal amount of plastic waste is recovered and removed from the environment. Corsair has solutions to enable everyone to achieve this goal, while also conveniently tracking their progress. The solution is the CSR Plastic Credit, a digital receipt that proves that plastic waste has been removed from the environment. At its simplest, for every pound of plastic waste Corsair removes from the environment, the company issues and releases 10 CSR Plastic Credits into circulation. ,The process and credits are stored and recorded using the open source Ethereum blockchain technology (ERC-20), in order to ensure maximum transparency and public accountability.,To be clear, until Corsair has recovered the appropriate amount of plastic waste from the environment, CSR Plastic Credit tokens are held in the corporate treasury wallet or in the locked wallets of mission contributors and cannot be transferred, staked or withdrawn.,Similar to Carbon Credits, each CSR Plastic Credit that is in open circulation or has been placed in the retirement vault, represents a fixed amount of plastic waste, which no longer pollutes the environment.,This allows both companies and individuals to offset any amount of plastic waste generated monthly, simply by acquiring and retiring the equivalent amount of CSR Plastic Credit.

How does Plastic Credit work?

The World Wildlife Fund (WWF) defines a Plastic Credit as "a transferable unit that represents a specific amount of plastic that has been collected and potentially recycled from the environment." Corsair's CSR Plastic Credit does just that. Along with WWF, it is clear that, although not specifically the CSR Plastic Credit, various international organizations and companies, such as Unilever, Starbucks, PepsiCo, and Microsoft, are already supporting the Plastic Credit Revolution. While many small companies create tens or hundreds of pounds of plastic waste per month, large companies can generate tens or even hundreds of millions of pounds of plastic waste per month. ,However, the problem of plastic waste pollution is not only created by large companies, and the plastic discarded by each individual adds to a huge problem.,When we consider that the average person creates around 50 kilos of plastic waste each year, which amounts to 5,000 kilos over a person's lifetime, the damage to the environment is easy to see.,With the creation of an easy-to-use CSR Plastic Credit, Corsair now offers the tools for every private person and company to become completely Plastic Neutral.

CSR FEATURES

CSR is a digital receipt that proves that plastic waste has been removed from the environment. The CSR token is directly linked to the plastic waste removed from the environment, in other words, it is supported by the actual work of the plastic waste removed from the environment. Every time Corsair removes 1 kilo of plastic waste from our environment, 10 CSR plastic credits can be transferred into the open distribution (1 kg = 10 CSR plastic credits). CSR plastic credits are managed on the Ethereum blockchain as ERC-20 tokens, allowing full transparency and public accountability of the movement of each credit. Additionally, allowing each end user of the CSR plastic credit to start withdrawing the CSR as part of the process. Every kilo of plastic removed from the environment (often baled) must be accounted for and recorded on the blockchain, while the entire process must be audited by a leading international accounting firm. Corsair is following the guidelines generally set out in the recently announced Plastic Credits papers, by Verra and the World Wildlife Foundation (WWF).

CORSAIR GROUP INTERNATIONAL

Corsair Group is an international consortium of companies developing business-effective solutions to global environmental problems such as plastic waste, air pollution, water pollution and climate change.

Founded in Thailand and the Netherlands in 2020, with global headquarters in Bangkok and European headquarters in Amsterdam, Corsair Group (at the time of publication) employs approximately 100 people. The company focuses on coordinating, developing and financing sustainable and environmentally relevant businesses and projects.

Its goal is to create and build corporate partnerships with technical and financial companies, operators/government institutions worldwide.

CORSAIR PROVIDES A SOLUTION TO POLLUTION

The solution to the plastic waste crisis is the culmination of several timely factors.

Plastic is made from crude oil. Using a chemical recycling process called pyrolysis, Corsair can turn plastic waste, such as used plastic bags, packaging materials, and packaging products, from its existing solid state into its original liquid form, oil, commonly referred to as advanced bio-oil or pyrolysis oil.

This oil, produced from plastic waste, is similar in nature to crude oil: it has a very low sulfur content and can be further processed into new plastics or optionally used to produce commercial fuel products, such as diesel, gasoline and kerosene.

Corsair owns and operates a 10,000 square meter chemical recycling facility in Bangkok, Thailand, which it has been upgrading and developing to international operating standards since August 2020. The facility has an existing recycling capacity of approximately 360,000 kilos of plastic waste per month (at the time of this whitepaper publication), which will be expanded to 1.2 million kilos per month in 2022 and 2.5 million kilos per month by 2023.

The expansion process includes the renovation of the current production facility of approximately 10,000 square meters and the construction of a brand new production area of an additional 10,000 square meters.

INTERNATIONAL EXPANSION

Corsair has a remarkable vision of scaling up various operational projects across the planet in a meteoric attack on environmental issues.

Great attention has been paid to early pilot projects and initial expansion activities to ensure that a reliable and repeatable process-based plan is first prepared and, equally importantly, executed leading to full operational status.

TARGET 2030

Corsair Group aims to expand its global plastic waste chemical recycling operations to recycle 1.5 billion kilograms of plastic waste annually, while producing 1 billion liters of Advanced Bio-oil annually, starting in 2030. Once that goal is achieved in 2030, the company has the potential to expand recycling capacity to 3 billion kilograms annually for another 5 years, by 2035.

For more information about Corsair and CSR Plastic Credit, download the CSR Whitepaper.

CORSAIR INTRODUCES THE CSR PLASTIC CREDIT

A New, Innovative, and Convenient way for everyone to go Plastic Neutral.

CSR is a digital, ERC-20 receipt that proves that plastic waste has been removed from the environment, allowing both companies and private individuals to offset any amount of plastic waste they generate monthly, simply by acquiring and retiring the equivalent amount of CSR Plastic Credits .

What is Plastic Credit?

While many want to play their part in the reduction of their plastic waste, it can be hard to find the best way to make the biggest difference. Corsair makes it much easier, for everyone. ,By the creation of an easy-to-use CSR Plastic Credit, Corsair now offers the tools for every private person and for every company to become certified Plastic Neutral.,Becoming Plastic Neutral means that for every single kilo of plastic that is discarded as trash, an equal amount of plastic waste is recovered and removed from the environment. ,Corsair has solutions for everyone to achieve this goal, while also conveniently tracking their progress. ,The solution is the CSR Plastic Credit, a digital receipt, which proves that plastic waste has been removed from the environment. ,In the simplest way, for every 1 kilo of plastic waste that Corsair removes from the environment, the company issues and releases 10 CSR Plastic Credits into circulation. ,The process and the credits are stored and recorded by using the open-source Ethereum (ERC-20) blockchain technology, in order to provide utmost transparency and public accountability.,To be clear, until Corsair has recovered the appropriate amount of plastic waste from the environment, the CSR Plastic Credit tokens are held in the Company treasury wallet or locked wallets of contributors to the mission and cannot be transferred, staked or retired.,Similar to the Carbon Credits, each CSR Plastic Credit which either is in open circulation or has been placed into the retirement vault, represents a fixed amount of plastic waste, which is no longer polluting the environment.,This allows both companies and private individuals to offset any amount of plastic waste they generate monthly, simply by acquiring and retiring the equivalent amount of CSR Plastic Credits.

How does the Plastic Credit work?

The World Wildlife Fund (WWF) defines a Plastic Credit as a 'transferable unit representing a specific quantity of plastic that has been collected and possibly recycled from the environment'. ,The CSR Plastic Credit by Corsair does exactly this.,Alongside the WWF, it is clear that whilst not specifically the CSR Plastic Credit, various International organizations and companies, such as Unilever, Starbucks, PepsiCo, and Microsoft are already endorsing the Plastic Credit Revolution.,While many small businesses create tens or hundreds of kilos of plastic waste per month, big companies can generate tens or even hundreds of millions of kilos of plastic waste per month. ,The plastic waste pollution problem is nevertheless not created solely by big companies and every single individual's discarded plastic adds up to a massive problem.,When we consider that an average person creates approximately 50 kilos of plastic waste every year, which adds up to 5,000 kilos during a person's lifetime, the damage to the environment is easy to see.,By the creation of an easy-to-use CSR Plastic Credit, Corsair now offers the tools for every private person and company to become completely Plastic Neutral.

CSR FUNCTIONALITY

CSR is a digital receipt that proves that plastic waste has been removed from the environment. The CSR Token is directly connected to the plastic waste, removed from the environment - in other words, it is backed up by actual work, of plastic waste removed from the environment. Every time Corsair removes 1 kilo of plastic waste from our environment, 10 CSR Plastic Credits can be moved into the open distribution (1 kg = 10 CSR Plastic Credits). CSR Plastic Credits are operated on the Ethereum Blockchain as ERC-20 tokens, allowing for full transparency and public accountability of the movement of each credit. Additionally, allowing each end-user of the CSR Plastic Credit to begin retiring the CSR as a part of the process. Each plastic kilo removed from the environment (often packed in bales) is to be accounted for and recorded on the blockchain - while the entire process is to be audited by one of the leading international auditing firms. Corsair is following the guidelines generally established in the recently announced papers about Plastic Credits, by Verra and the World Wildlife Foundation (WWF).

CORSAIR GROUP INTERNATIONAL

Corsair Group is an International Consortium of Companies, developing viable business solutions for global environmental issues such as Plastic Waste, Air Pollution, Water Pollution, and Climate Change. Established in Thailand and in The Netherlands in 2020, with its Global Head Office located in Bangkok and its European Head Office located in Amsterdam, Corsair Group (at the time of the release) employs approx. 100 people. The Company focuses on coordinating, developing, and financing environmentally friendly and ecologically important businesses and projects. Its objective is to create and build business partnerships with both technical and financial companies, governmental operators/institutions around the world.

CORSAIR PROVIDES A SOLUTION TO THE POLLUTION

The solution to the plastic waste crisis is the culmination of several timely factors. Plastics are made from raw oil. By utilizing a chemical recycling process called Pyrolysis, waste plastics, such as used plastic bags, wrapping materials, and packaging products, Corsair can transform plastic waste from their existing solid-state into their original liquid form, oil - generally referred to as Advanced Bio -oil or Pyrolysis oil. This oil, manufactured from plastic waste, is similar in character to crude oil - it has a very low sulfur content, and it can be further processed into new plastics or optionally used to produce commercial fuel products, such as Diesel, Gasoline, and Kerosene . Corsair owns and operates a 10,000 square meter chemical recycling facility in Bangkok, Thailand, which it has been improving and developing towards International operating standards since August 2020. The facility has an existing recycling capacity of approx. 360,000 kilos of plastic waste per month (at the time of the release of this whitepaper), which is being expanded to 1.2 million kilos per month during 2022 and to 2.5 Million kilos per month within 2023. The expansion process includes the refurbishment of the existing production facility of approx. 10,000 square meters and the construction of a brand new production area of an additional 10,000 square meters.

INTERNATIONAL EXPANSION

Corsair has a tremendous vision of scaling various operational projects across the planet in a meteoric attack on environmental issues. Great care has been taken with the early pilot projects and initial expansion activities to ensure a reliable, repeatable process-driven plan is firstly prepared and, just as importantly, executed leading to full operational status.

TARGET 2030

Corsair Group is targeting to expand its chemical recycling operations of plastic waste Internationally, in order to recycle 1.5 Billion kilos of plastic waste annually, while producing 1 Billion liters of Advanced Bio-oil annually, from the year 2030 onwards.,Upon reaching the said target in 2030, the company has the potential to expand the recycling capacity to 3 Billion kilos per year during an additional 5 years, within 2035.,For more information about Corsair and the CSR Plastic Credit, please download the CSR Whitepaper.