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This data is live from our blockchain-secured Alchemy Platform

Data last verified on Alchemy™: Wednesday, 05/24/2023

Ocean-bound plastic

Ocean-bound plastic has not yet found its way into the ocean. This represents plastic that is found on the ground within 50 kilometers of a waterway or coastal area, and is otherwise unlikely to be collected.

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)

Community Members

Individuals within a recycling community who collect plastic and deliver it to a collection point in exchange for collection benefits.

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.

Frequently Asked Questions

Here are some of the most frequently asked questions about Plastic Bank.

Plastic Bank Glossary

 
Ocean-Bound Plastic

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.

Stopping Ocean Plastic

The act of removing the likelihood of plastic entering the ocean.

Ocean Steward

Humans saving the ocean from plastic.

Collection Community

Community of Ocean Stewards that help ethically collect ocean-bound plastic for exchange at Plastic Bank collection branches.

Collection Community Member

An Ocean Steward that helps collect ocean-bound plastic for exchange at Plastic Bank collection branches.

Collection Branch

Any location where collection community members can verify and exchange ocean-bound plastic.

Market Value

Price at which plastic would trade in a competitive auction setting.

Plastic Credit

The verified assignable value to stop one traceable kilo of ocean-bound plastic.

Collection Benefits

Life-improving benefits earned by collection communities.

Social Plastic®

Ocean-bound plastic exchanged through a collection branch and processed for  reuse in products and packaging.

Alchemy™

The blockchain-secured platform that enables traceable collection, secures income and partner impact reporting.

Community Partnerships

A relationship that empowers communities to help ethically collect and exchange ocean-bound plastic.

Social Plastic Processor

A facility that readies Social Plastic for use in products and packaging.

Plastic Footprint

The total volume of plastic that an entity creates.