This data is live from Alchemy

Our proprietary blockchain-secured platform

Data last verified: Saturday, 04/27/2024

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 Full Circle

Through the partnership with Plastic Bank, Full Circle can achieve plastic neutrality, offsetting the plastic produced by collecting an equivalent amount of ocean-bound plastic from the environment. Full Circle Home aims to help their customers to reduce their plastic footprint by designing products that use environmentally conscious materials and is working to eliminate plastic from their packaging. 

Stopping Ocean Plastic while Positively Impacting Lives 

Full Circle Home uses GRS certified post-consumer recycled plastic as the majority of their plastic supply. This partnership with Plastic Bank allows them to ensure their entire plastic footprint is offset, while also having a positive impact on the lives of collection community members. Members exchange the plastic they collect for secure income and life-improving benefits, such as health insurance, education, digital connectivity, and social and fintech services.

Full circle products
Full Circle Plastic Net Zero
Full Circle products

“Since we launched Full Circle, we’ve always aimed to help our customers reduce their plastic footprint at home—designing products that use alternatives like bamboo, working to eliminate plastic from packaging, as well as certifying our post-consumer recycled plastics supply chain. By partnering with Plastic Bank to fund the collection of ocean-bound plastic, we have the opportunity to additionally make sure our plastic footprint is completely offset.”

Heather Kauffman
Co-Founder and Chief Innovation Officer at Full Circle Home

 

“We don’t need a world without plastic, we need a world without waste,” said David Katz, Founder of Plastic Bank. “By reducing the need for new virgin plastic production, and offsetting usage of plastic that is needed in supply chains, partners like Full Circle Home are championing the possibility of a wasteless world.”

David Katz
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