SYSTEM AND METHOD FOR MONETIZING AND TRADING ENERGY OR ENVIRONMENTAL CREDITS FROM POLYMERIC MATERIALS

• US 20110137812A1
• Filed: 08/12/2009
• Published: 06/09/2011
• Est. Priority Date: 08/15/2008
• Status: Abandoned Application

• Current Assignee: Empire Technology Development LLC (Allied Inventors Management, LLC)
• Original Assignee: Empire Technology Development LLC (Allied Inventors Management, LLC)
• Inventors: Sherga, Ronald Matthew
• Application Number:
  US13/058,533
• Publication Number:
  US 20110137812A1
• Time in Patent Office: Days
• US Class Current: 705/317
• CPC Class Codes: G06Q 30/018 Certifying business or products
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: Y02P 90/90 Financial instruments for climate change mitigation, e.g. environmental taxes, subsidies or financing

Abstract

The present invention is a system and method for monetizing and trading value in polymeric materials, forming polymer energy credits and/or polymer environmental credits. The system promotes the highest and best use and disposition of polymer waste, scraps and used material. The new types of credits have a value which can be bought, sold and traded in a market exchange. A polymer manufacturer can assign predetermined credit value to polymeric material sent into commerce which can be realized upon disposition of polymeric material in a predetermined or prescribed manner and credited to the manufacturer and/or user of the polymeric material. Alternatively, a verification authority may be implemented to review claims of entitlement to credits and may take into account factors relevant to the polymeric material to assign value to verified polymer energy or environmental credits and/or to certify various entities engaged in the process.

Claims

1. A system for monetizing disposed polymeric material, said system comprising a reader for analyzing a physical property of a quantity of disposed polymeric material, a computer processing unit (CPU) capable of receiving data from said reader, a database in communication with said computer processing unit which contains physical property data concerning known polymeric materials, a program for comparing the physical property from said disposed polymeric material with the physical property data and thereby determining the identity of said disposed polymeric material and upon input of quantity information for said quantity of disposed polymeric material, computing a polymer environmental credit value or a polymeric energy credit value for said disposed polymer.

2. The system of claim 1, wherein said CPU is programmed to associate said credit values with a customer identity, and wherein said associated credit values, and said associated credit values are stored in said database.

3. The system of claim 1, wherein said CPU is programmed to associate said credit values with a customer identity, and wherein said associated credit values, and said associated credit values are sent electronically or manually to a trading platform.

4. The system of claim 1, further comprising a verifying authority data input means, whereby input verifying the location of said quantity of disposed polymeric material is made, which input is electronically communicated to a verifying authority, which input serves as a confirmation to said verifying authority that said quantity of disposed polymeric material is staged for reuse, recycling or conversion to energy.

5. A method for monetizing polymeric materials, comprising providing a verifying authority with information on a quantity of polymeric material which has been disposed of in a pre-approved manner, thereafter said verifying authority approving or disapproving the issuance of polymer credits.

6. The method of claim 5, wherein said polymer credits are converted to recognized credits traded in pre-existing markets.

7. The method of claim 6, wherein said polymer credits are transferred to a market where they may be sold or traded.

8. The method of claim 5, wherein said polymer credits are used by said verifying authority to determine if an applicant is entitled to certification.

9. A polymer credit comprising a monetary value assigned to an intangible portion of a polymer quantity, said polymer quantity comprising an intangible portion and a tangible portion.

10. The polymer credit of claim 9, wherein said monetary value is assigned by a computer system after verification that a pre-approved disposal method was used for said tangible portion.

11. The polymer credit of claim 9, wherein said monetary value is assigned by a computer system after verification that said tangible portion was converted into energy using a pre-approved method.