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Our proprietary blockchain-secured platform

Data last verified: Monday, 02/05/2024

1Ocean-bound plastic

Plastic Bank operates under the global standard defined by Jenna Jambeck. Ocean-bound plastic is defined as plastic that has not yet found its way into the ocean but is classified as "mismanaged waste". That is, plastic that is not being (formally) collected, is not likely to be collected, and is found within 50km of an ocean-bound waterway or coastal area.

2Community Members

Individuals within a recycling community who collect plastic and exchange it at a Plastic Bank collection branch for secure income and life-improving benefits.

3Equivalent Bottles Stopped

The amount of ocean-bound plastic collected and recycled in our recycling communities converted into bottles. Conversion rate is 50 bottles per kg (the average weight of a 500mL bottle is ~20g)

4Recycling Communities

Community of plastic collectors living within 50 kilometres of ocean-bound waterways involved in plastic collection and its exchange at Plastic Bank collection points.

Alchemy™

Alchemy is the blockchain platform that powers the Plastic Bank app. It enables fully traceable recycling processes, secures income for recycling community members and tailors impact reports for our stewards.

K 2022 attendees invited to stop ocean plastic with Plastic Bank

Written by Estee Lutte Engao on 5 October 2022

Minutes to read: Less than 2 minutes

Plastic Bank collection community member in Bali, Indonesia.Plastic Bank collection community member in Bali, Indonesia.

VANCOUVER, British Columbia, October 5, 2022: Plastic Bank commits to stop 50 ocean-bound plastic bottles for every K 2022 attendee who pledges to become an Ocean Steward and turn off the tap to ocean pollution. The social enterprise is set to reveal value in plastic waste at the world’s leading rubber and plastic trade fair, from October 19 to 26, 2022 in Düsseldorf, Germany.

“Every single human being who is pained by the degradation of our ocean and acts to prevent it is an Ocean Steward to us. We welcome the attendees at K 2022 to visit our booth and begin their quest for Ocean Stewardship,” said Ben Lavoie, President of Plastic Bank.

Plastic Bank empowers ethical recycling in vulnerable coastal areas, working with local entrepreneurs to establish plastic collection branches. Collection community members exchange plastic for life-improving benefits and secure income, helping to alleviate poverty. The collected plastic is processed into Social Plastic® feedstock, a recycled plastic material available in rPET, rPP, rHDPE, rLDPE for reintegration into the global manufacturing supply chain.

Plastic Bank’s Social Plastic® feedstock will be showcased at K 2022 alongside the products and packaging made by its global partners, such as SC Johnson, Henkel, ScanCom, CARTONPACK, IVC Group, The Promoland-Recycool, ADVANSA, and Bloem Living. To date, Plastic Bank’s movement for Ocean Stewardship has already stopped over 60 million kilograms of plastic – the equivalent of more than 3 billion plastic bottles – from entering the ocean.

“Plastic entering the ocean is one of the greatest threats to humanity and the planet. K 2022 provides industry leaders and changemakers the opportunity to bring ethical recycling to the center stage, gather together for a solution to plastic pollution and meaningfully shift the paradigm of disposable plastic from waste to circularity,” said David Katz, Founder of Plastic Bank.

K 2022 attendees are invited to visit Plastic Bank’s booth and pledge to stop ocean plastic pollution at Hall 8B, Booth A13.

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