One garbage truck full of plastic enters the ocean every minute
While plastic in many forms can improve and simplify our lives, we have also become used to it, irreplaceably. It’s easy to buy, cheap to use, and convenient to throw away. As we continue to create more plastic waste, by 2050 there will be more plastic in the ocean than fish.
You can stop plastic waste before it reaches our ocean
By partnering with Plastic Bank, you are helping to establish ethical plastic collection branches within 50 kilometers of coastlines and waterways. Our collection community members gather plastic waste directly from local beaches, riverbanks, neighbourhoods, and even households – so that we are able stop ocean plastic directly at the source.
Let’s turn plastic waste into worth
Together, we are revealing value in plastic waste and improving lives. Our members exchange plastic waste at local collection branches for secure income and life-improving benefits that include access to health, work and life insurance, social assistance, digital connectivity and banking services. By offering safe and traceable sources of income, we’re empowering vulnerable communities with a path out of poverty.
Together for a better world
With Plastic Bank, the world’s most progressive companies and individuals are stewarding the collection of ocean-bound plastic and empowering collection communities to thrive. The recycled plastic is reborn as Social Plastic® feedstock and used in the production of products and packaging – thus helping create new life for old plastic.
We can empower a regenerative society
By collecting, recycling, and reprocessing ocean-bound plastic waste – and supporting collector communities along the way – we can reduce our need for virgin plastic while creating lasting environmental, social and economic impact.
Building a Circular Economy for Recycled Plastic
Plastic Bank empowers ethical recycling in vulnerable coastal communities and reprocesses the materials for reintroduction into the global supply chain as Social Plastic® feedstock. Our blockchain-secured platform enables traceable collection, secures income and verifies reporting from the initial plastic collection in our communities through to the products manufactured with Social Plastic® feedstock that are available on supermarket shelves around the world.
Plastic Bank’s collection communities empower members to gather, sort, clean, and exchange plastic waste.
Collection community members gather disposed plastic waste found within 50 kilometers of their coastline or waterways. Members are equipped with collection kits which include tools and workwear to support their efforts.
Members bring their collected plastic to a Plastic Bank collection branch for weighing and exchange. The amount is recorded in the PlasticBank™ app for digital tokens.
Members earn plastic credits in addition to the market value for the plastic they collect.
Collectors are able to exchange their plastic credits towards collection benefits that improve life, such as health, work and life insurance, social assistance, digital connectivity, and banking services.
Plastic Bank collection branches offer local training workshops on waste management, financial literacy, digital enablement, and health education.
Collected plastic is sent to our processing partners where it’s reborn as Social Plastic, a high-quality recycled plastic feedstock.
Products and packaging made from Social Plastic feedstock provide consumers the opportunity to make sustainable and purposeful choices.
“Made with Social Plastic” badges on packaging amplify brand value with authenticity, purpose, and consumer’s trust.
Support Plastic Collection and Improve Lives
Become Part of a Regenerative Society
How we ensure traceability
Plastic Bank’s technology investments include a combination of technology products that work together to provide an industry leading competitive advantage
Alchemy™ is Plastic Bank’s proprietary platform that powers everything we do. It enables our reward and benefit programs, plastic credit programs, supply chain management systems, auditing tools, partner impact reporting, and more.
Plastic Bank utilizes a GDPR compliant, hybrid blockchain to ensure the lowest energy cost possible while maintaining the trust and security of blockchain. Transaction data is stored in the blockchain and securely synced to Alchemy™’s private database.
The PlasticBank app is a mobile-based interface with unique features and experiences for Ocean Stewards, collection community members, and a growing number of gig economy user types. The PlasticBank® app is powered by the Alchemy™ platform.
Catch up on news and stories from Plastic Bank and our collection communities
Meet the stewards of Plastic Bank movement
Awards and Recognition
Plastic Bank is globally recognized as a thought leader, advocate, and innovator in plastic recycling.
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