Frequently Asked Questions
Here are some of the most frequently asked questions about Plastic Bank.
Plastic Bank Glossary
Plastic Bank operates under the global standard defined by Jenna Jambek. 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 on the ground within 50km of a major waterway or coastal area.
The act of removing the likelihood of plastic entering the ocean.
Humans saving the ocean from plastic.
Community of Ocean Stewards that help ethically collect ocean-bound plastic for exchange at Plastic Bank collection branches.
An Ocean Steward that helps collect ocean-bound plastic for exchange at Plastic Bank collection branches.
Any location where collection community members can verify and exchange ocean-bound plastic.
Price at which plastic would trade in a competitive auction setting.
The verified assignable value to stop one traceable kilo of ocean-bound plastic.
Life-improving benefits earned by collection communities.
Ocean-bound plastic exchanged through a collection branch and processed for reuse in products and packaging.
The blockchain-secured platform that enables traceable collection, secures income and partner impact reporting.
A relationship that empowers communities to help ethically collect and exchange ocean-bound plastic.
A facility that readies Social Plastic for use in products and packaging.
The total volume of plastic that an entity creates.