Credit System for Collection of Recycled Materials

• US 20100332341A1
• Filed: 06/25/2010
• Published: 12/30/2010
• Est. Priority Date: 06/26/2009
• Status: Abandoned Application

• Current Assignee: Crown Packaging Technology Incorporated (Crown Holdings Incorporated)
• Original Assignee: Crown Packaging Technology Incorporated (Crown Holdings Incorporated)
• Inventors: Rost, John M.
• Application Number:
  US12/823,624
• Publication Number:
  US 20100332341A1
• Time in Patent Office: Days
• US Class Current: 705/26.1
• CPC Class Codes: G06Q 10/30 Administration of product recycling or disposal
• CPC Class Codes: G06Q 30/018 Certifying business or products
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: Y02W 90/00 Enabling technologies or technologies with a potential or indirect contribution to greenhouse gas [GHG] emissions mitigation

Abstract

A method of an administrator recording a sale and a retiring of a recycling credit certificate for a recycled material may include the steps of a computing device at the administrator: receiving from a seller a request to generate the recycling credit certificate, transferring the certificate from an account registered by the seller to an account registered by the buyer, receiving from the buyer a request to retire the recycling credit certificate, and recording the certificate as retired. The certificate may include unique information identifying environmental attributes that are unbundled from a corresponding amount of a recycled material. The request to retire the certificate may include an amount of standard manufactured material used in an amount of product bearing a retail product claim for the environmental attributes that were unbundled from the corresponding amount of the recycled material tangibly owned by the seller.

Claims

11. A computer-readable storage medium having computer instructions for recording a sale and a retiring of a recycling credit certificate for a recycled material stored thereon, that when executed by an administrator'"'"'s processor, perform the instructions comprising:

receiving from a seller a request to generate the recycling credit certificate, the certificate including unique information identifying environmental attributes that are unbundled from a corresponding amount of the recycled material, the corresponding amount of the recycled material being tangibly owned by the seller;

transferring the certificate from an account registered by the seller to an account registered by a buyer;

receiving from the buyer a request to retire the recycling credit certificate, the request including an amount of standard manufactured material used in an amount of product bearing a retail product claim for the environmental attributes that were unbundled from the corresponding amount of the recycled material tangibly owned by the seller; and

recording the certificate as retired.

12. The computer-readable medium of claim 11, wherein the recycled material and the standard manufactured material are aluminum or steel, and at least one of the buyer and the seller are aluminum or steel packaging manufacturers.

13. The computer-readable medium of claim 11, wherein the recycled material and the standard manufactured material are paperboard, and at least one of the buyer and the seller are paperboard packaging manufacturers.

14. The computer-readable medium of claim 11, wherein the recycled material and the standard manufactured material are plastic, and at least one of the buyer and the seller are plastic packaging manufacturers.

15. The computer-readable medium of claim 11, wherein the recycled material and the standard manufactured material are glass, and at least one of the buyer and the seller are glass packaging manufacturers.

16. The computer-readable medium of claim 11, the instructions further comprising:

receiving from a recycling center an amount of the recycled material that was produced by the recycling center;

subtracting the amount of the recycled material tangibly owned by the seller from the amount of the recycled material that was produced by the recycling center; and

verifying that the result of subtracting the amount of the recycled material tangibly owned by the seller from the amount of the recycled material that was produced by the recycling center is equal to zero.

17. The computer-readable medium of claim 11, the further instructions further comprising:

establishing the account registered by the seller and the account registered by the buyer;

receiving from the seller a request to list in an electronic market system the amount of the recycled material; and

listing the amount of the recycled material in the electronic market system.

18. The computer-readable medium of claim 11, the instructions further comprising:

receiving from an auditor an amount of the recycled material that was claimed to be used in retail products shipped by the buyer;

subtracting the amount of the recycled material tangibly owned by the seller from the amount of the claimed to be used recycled material that was received from the auditor; and

verifying that the result of subtracting the amount of the recycled material tangibly owned by the seller from the amount of the claimed to be used recycled material that was received by the auditor is equal to zero.

19. The computer-readable medium of claim 11, wherein the account registered by the seller is located in a computing device at another credit system administrator.

20. The computer-readable medium of claim 11, the instructions further comprising generating and electronically sending a report to the buyer, the report including the recording of the certificate as retired.

21. A computer system at an administrator for recording a sale and a retiring of a recycling credit certificate for a recycled material, the computer system comprising:

a computer system memory; and

a microprocessor programmed with computer-executable instructions, the instructions comprising;

receiving from a seller a request to generate the recycling credit certificate, the certificate including unique information identifying environmental attributes that are unbundled from a corresponding amount of the recycled material, the corresponding amount of the recycled material being tangibly owned by the seller;

transferring the certificate from an account registered by the seller to an account registered by a buyer;

receiving from the buyer a request to retire the recycling credit certificate, the request including an amount of standard manufactured material used in an amount of product bearing a retail product claim for the environmental attributes that were unbundled from the corresponding amount of the recycled material tangibly owned by the seller; and

recording the certificate as retired.

22. The computer system of claim 21, wherein the recycled material and the standard manufactured material are aluminum or steel, and at least one of the buyer and the seller are aluminum or steel packaging manufacturers.

23. The computer system of claim 21, wherein the recycled material and the standard manufactured material are paperboard, and at least one of the buyer and the seller are paperboard packaging manufacturers.

24. The computer system of claim 21, wherein the recycled material and the standard manufactured material are plastic, and at least one of the buyer and the seller are plastic packaging manufacturers.

25. The computer system of claim 21, wherein the recycled material and the standard manufactured material are glass, and at least one of the buyer and the seller are glass packaging manufacturers.

26. The computer system of claim 21, wherein the computer-executable instructions further comprise:

receiving from a recycling center an amount of the recycled material that was produced by the recycling center;

subtracting the amount of the recycled material tangibly owned by the seller from the amount of the recycled material that was produced by the recycling center; and

verifying that the result of subtracting the amount of the recycled material tangibly owned by the seller from the amount of the recycled material that was produced by the recycling center is equal to zero.

27. The computer system of claim 21, wherein the computer-executable instructions further comprise:

establishing the account registered by the seller and the account registered by the buyer;

receiving from the seller a request to list in an electronic market system the amount of the recycled material; and

listing the amount of the recycled material in the electronic market system.

28. The computer system of claim 21, wherein the computer-executable instructions further comprise:

receiving from an auditor an amount of the recycled material that was claimed to be used in retail products shipped by the buyer;

subtracting the amount of the recycled material tangibly owned by the seller from the amount of the claimed to be used recycled material that was received from the auditor; and

verifying that the result of subtracting the amount of the recycled material tangibly owned by the seller from the amount of the claimed to be used recycled material that was received by the auditor is equal to zero.

29. The computer system of claim 21, wherein the account registered by the seller is located in a computing device at another credit system administrator.

30-1. The method of claim 30 further comprising the computing device identifying that the certificate no longer has a remaining portion based on receiving at least one set of parameters relating to the use of the certificate and the computing device recording the certificate as retired.

34. A system for monitoring the creation and use of at least one recycling credit certificate for a recycled material, the system comprising:

a memory that stores at least one set of parameters related to the environmental attributes of a corresponding amount of tangibly owned recycled material, at least one set of parameters relating to a sale of a recycling credit certificate, and at least one set of parameters related to a use of the certificate;

a processor configured to generate the certificate, track ownership of the certificate, and to calculate a remaining portion of the certificate; and

a display for displaying at least one set of parameters relating to existence, ownership, or the remaining portion of the certificate.

35. The system of claim 34 wherein the processor is configured to identify that the certificate no longer has a remaining portion based on receiving at least one set of parameters relating to the use of the certificate and the computing device recording the certificate as retired.

36. The system of claim 34 wherein the processor is configured to receive at least one set of parameters related to an amount of recycled material that was produced by the recycling center and the computing device and to verify the certificate to ensure accuracy of the credit represented by the certificate.

37. The system of claim 34 wherein the processor is configured to receive at least one set of parameters related to an amount of recycled materials claimed to be used in retail products and verifying that the amount matches the amount indicated in the at least one set of parameters related to a use of the certificate.

38. The system of claim 34 wherein the processor is configured to receive at least one set of parameters related to a request for the generation of a report and generating the report.