This data is live from our blockchain-secured Alchemy Platform

Data last verified on Alchemy™: Mar 12, 2022

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.

New Plastics Economy Global Commitment Report 2020

In Partnership with the Ellen MacArthur Foundation

We empower the regenerative society. We build ethical recycling ecosystems in coastal communities, and reprocess the materials for reintroduction into the global supply chain as Social Plastic®.

Our members receive a premium for the materials they collect which helps them provide basic family necessities such as groceries, cooking fuel, school tuition, and health insurance. Our proprietary blockchain platform secures the entire transaction and provides real-time data visualization – allowing for transparency, traceability, and rapid scalability.

Our goal by 2025 is to collect and recycle 1 billion kg of ocean bound plastic.

In order to achieve our ambitious goal we need to gather together and collaborate with other companies and organizations dedicated to protecting the environment. We’re proud to be a signatory to the Ellen MacArthur Foundation’s New Plastics Economy Global Commitment since 2018.

Together, with over 450 signatories around the world, we have committed to eliminate the plastic items we don’t need; innovate so all plastic we do need is designed to be safely reused, recycled, or composted; and circulate everything we use to keep it in the economy and out of the environment.

We’ve accomplished significant results toward our 2025 goal to collect and recycle 1 billion kg of ocean bound plastic. Between January 2019 and December 2019 we have collected and recycled 3,232,082 kg of ocean bound plastic – the equivalent of over 160 million single use plastic bottles prevented from entering the ocean. We have engaged over 10,000 collector members and expanded our global recycling ecosystem to have active operations in Haiti, Indonesia, the Philippines, and Brazil.

For 2020, we are on track to collect and recycle 16,000,000 kg – the equivalent of over 800 million single use plastic bottles! In addition, we are excited to open up recycling ecosystems in Egypt and Cameroon, and expand into new regions in Southeast Asia.

See our full Global Commitment 2020 Report here
Take action to help stop ocean plastic here

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