This data is live from Alchemy

Our proprietary blockchain-secured platform

Data last verified: Friday, 02/23/2024

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 communities stop four billion bottles equivalent plastic from reaching the ocean

30,000+ collection members exchanged ocean-bound plastic waste for life-improving benefits

Plastic Bank collection community member in Bali, Indonesia.Plastic Bank collection community member in Bali, Indonesia.

VANCOUVER, British Columbia, May 8, 2023: Plastic Bank has empowered communities around the globe to stop 80 million kilograms of plastic, the equivalent of 4 billion bottles, from reaching the ocean. This milestone is achieved in the year when the social enterprise celebrates its 10th anniversary.

As Plastic Bank enters its second decade, its mission to turn off the tap to ocean plastic evolves into a Social Recycling movement that enables people to become the change they seek in our world.

“Plastic pollution cannot be solved by impact contributions and the use of recycled materials alone. This quest has to be human-powered where we strive for perpetual behavioural change and become mindful of our impact on our planet,” said David Katz, Founder & Chairman, Plastic Bank. “Our 10th anniversary is the beginning of a new era where we become the Humans of Social Recycling – humans who believe that the creation of a wasteless world starts with us.” 

Shaun Frankson, Co-Founder & Chief Technology Officer, Plastic Bank, added: “Everyone has a role to play in creating an authentic and sustainable impact. It’s up to each of us to take responsibility for our actions and help create a future where ocean plastic and poverty do not exist, to begin with.”

“We would like to thank our communities, partners, collection members, branch owners, processors, and employees for being part of the Social Recycling movement. But this is just the beginning. Together, we will continue to reveal value, improve lives, create circular and sustainable opportunities for people and the planet,” said Benjamin Lavoie, CEO, Plastic Bank.

Today, Plastic Bank and its communities have mobilized over 500 recycling communities in Southeast Asia, Latin America, and Africa, and helped more than 30,000 members to pave a path out of poverty with the support of over 170 partners, including SC Johnson, Henkel, Advansa, CooperVision, and Davines. 

Join Plastic Bank’s Social Recycling movement at plasticbank.com.


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