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Details

Liquidation Auction – Sale for the Benefit of Creditors

20,121 Recycled Plastic Credits

IntegriCo & IntegriCo Composites Trademarks & Domain

Integrico’s IP Related to Process & Formula

Details:

1.  20,121 Recycled Plastic Credits that are Registered at Verra as part of the Verra’s Plastic Waster Reduction Program

These credits are registered, but not issued, at Verra as part of Verra’s plastic waste reduction program.

Purchase will need to open a Verra account ($1,000/year) and pay appx. $7/credit to have the credits issued so that they can be transferred to the buyer’s account.

Credits can be used as offsets to plastic waste created by the buyer’s business similar to how carbon credits are used to offset carbon created by a business.

2.  “IntegriCo” Trademark

3.  “IntegriCo Composites” Trademark

4  “www.Integrico.com” Domain Name

5.  IntegriCo’s IP Related to Process & Formula

 

ABOUT VERRA (Excerpted from Verra.org):  

The global plastic crisis demands urgent action, as around 390 million tons of plastic waste are produced annually, with minimal recycling. Despite corporate commitments and regulatory pressure, single-use plastic waste continues to grow. The Breaking the Plastic Wave report indicates a projected $40 billion funding gap for managing municipal plastic waste by 2040. 

To effectively tackle this issue, it is vital to integrate voluntary and regulatory strategies across the plastic life cycle. Verra’s Plastic Waste Reduction Standard provides a solution to support this necessary shift. 

Why Verra’s Plastic Standard? 

Verra’s Plastic Waste Reduction Standard (Plastic Standard) is crucial in addressing the plastic crisis. By issuing Waste Collection Credits and Waste Recycling Credits, known as Plastic Credits, the standard directs investment into global plastic waste management initiatives. 

Key Benefits of Plastic Credits 

  1. Environmental Protection: Plastic Credits facilitate the development of waste collection and recycling systems, reducing environmental pollution. 
  2. Risk Mitigation: They help lower environmental and health risks, especially for informal waste workers.
  3. Corporate Stewardship: Plastic Credits enhance a company’s efforts in plastic reduction and sustainability goals. 
  4. Policy Support: They aid in advancing waste management priorities at both regional and global levels. 

Key Aspects of Plastic Credits 

  1. Integrated Plastic Waste Reduction Strategy: Essential for companies, Plastic Credits enable investments in areas severely affected by plastic pollution, promoting a circular economy. 
  2. Verifiable Accounting and Crediting: The standard ensures transparency through multi-stakeholder governance, adherence to international best practices, rigorous impact assessment methodologies, independent audits, and proper management of collected waste. 
  3. Long-Term, Sustainable Support: Investing in Plastic Credit projects ensures sustainable financing for waste management infrastructure crucial for a circular economy transition. 
  4. Complementary and Credible Action: Plastic Credits should enhance, not replace, existing plastic reduction efforts, providing actionable solutions that align with a company’s plastic footprint.
  5. Supporting EPR Schemes: Plastic Credits improve the effectiveness of extended producer responsibility (EPR) schemes by encouraging infrastructure investment and ensuring compliance. 

 

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ONLINE BIDDING ONLY – CLICK HERE TO ACCESS THE ONLINE BIDDING PLATFORM

Bidding is available by computer (PC or Mac Only) or download of the Maltz Auctions App on the App Store or Google Play (Required for tablet and Cell Phone Devices).

  Pre-Registration Required to Bid. You Must send in signed Terms & Conditions of Sale, signed Online Bidding Form and a deposit (cashier’s Check, Wire Transfer Only or Cash) to be approved for bidding.

Pre-Registration Required to Bid:  You must submit the signed Terms and Conditions of Sale and Online Bidding Form and a deposit ($500 minimum) to be approved for bidding.  Acceptable forms of deposit are cashier’s check, postal money order, and wire transfer (funds must be received at least 24 hours prior to the scheduled end time of the auction or you may not be approved to bid prior to the conclusion of the auction).  The credit card authentication process does not qualify as meeting this requirement.  Your buying power will be 4x the amount of your deposit.  For example, if you send $1,000 you will be approved for up to $4,000 in bidding ($500 Minimum Deposit).  All unspent deposits will be processed for a refund within 72 business hours following the conclusion of the auction.

Auction Date: Online Bidding will open Wednesday, January 15, 2025, at 11:00 AM and is scheduled for the first lot to close on Friday, January 17, 2025, at 11:00 am.  Visit RemoteBidding.MaltzAuctions.com or download the Maltz Auctions App on the Apple Store or Google Play.

Bidding Process: If a bid is placed with less than one minute remaining, the bidding period will be extended so one minute remains for competing bids to be entered.  If any further bidding occurs, the extension timer will reset to one minute.  Once no further bidding activity occurs, the sale closes when the time runs out.

Asset Location: 39 Windsor Place, Central Islip, NY 11722.

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*Maltz Auctions, Inc. d/b/a Maltz Auctions is Acting as Marketing Agent
Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022 Fax (516) 349-0105

These assets are being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the asset is made by the Seller, Auction Company or any of their Agents. Maltz is acting exclusively as marketing agent for the Sellers.  The information contained herein was derived from sources deemed reliable, but is not guaranteed.  Most of the information provided has been obtained from third-party sources and has not been independently verified.  It is the responsibility of the Buyer and/or Buyer’s Broker to determine the accuracy of all components of the sale and asset.  Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Property, including without limitation, environmental and physical condition of the asset.  All prospective bidders are urged to conduct their own due diligence prior to participating in the Public Auction.