This data is live from Alchemy

Our proprietary blockchain-secured platform

Data last verified: Tuesday, 04/23/2024

Ocean-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.

Community 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.

Equivalent 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)

Recycling 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.

Plastic Bank’s Partnership with Molson Coors Beverage Co.

Molson Coors partners with Plastic Bank to take action against ocean plastic

When Molson Coors developed its sustainability goals in 2017, it aligned them with industry best practices and standards. As a corporate signatory to the New Plastics Economy Global Commitment, which is a worldwide initiative led by the Ellen MacArthur Foundation in collaboration with UN Environment, Molson Coors adopted the organization’s recommendation to achieve an average recycled content share of at least 30% in plastic packaging by the end of 2025.

Everyone is aware of the impact single-use plastic has. In order to be the change it wishes to see in the world – Molson Coors is looking at its own processes and deciding what can make a meaningful difference. Partnering with Plastic Bank is one way the company is expanding its mission beyond internal practices to support the elimination of single use plastics on a global scale.

Protecting our Planet 

As part of the Molson Coors’ sustainability initiatives, Coors Light Canada is proud to be supporting Plastic Bank with the mission of preventing plastic from entering the ocean while improving the lives of collector communities. Through this collaboration, Coors Light Canada will be stopping the equivalent of 10,000,000 single-use plastic bottles from entering the ocean in 2022, which would otherwise join the eight million tonnes of plastic dumped into our oceans annually.   

By supporting Plastic Bank, Coors Light Canada is helping to improve the lives of collectors in vulnerable coastal communities that rescue this material from entering our oceans. 

Plastic Bank collection members picking up trash at Balangan Beach, Indonesia
“Our business, and Coors in particular, has a long history of using packaging innovation to protect our environment. Coors Light Canada is proud to support Plastic Bank in helping prevent over 200,000 kgs of plastic from entering the world’s oceans in 2022”

Courtney Benedict
Senior Director at Molson Coors Beverage Company on the Global Brands Canada team

 

“Molson Coors has a long-standing relationship with the great outdoors, and Plastic Bank shares it when it comes to saving the planet from the devastation of ocean plastic. Together with our collection communities, Coors Light Canada and its consumers will stop over 10 million plastic bottles from entering the ocean. Cheers to gathering together, taking action and enabling a future without ocean plastic!”

David Katz
CEO and Founder of Plastic Bank

Meet Our Global Partners

We’re the environment’s alchemist – turning plastic into gold. Become part of the solution by activating your business with one of our partnership programs

Become a Partner

Meet Our Global Partners

We’re the environment’s alchemist – turning plastic into gold. Become part of the solution by activating your business with one of our partnership programs

Become a Partner