Speaker
Description
We Stop Ocean Plastic.
Theoretically, our name says it all. Plastic Bank is where plastic is deposited, and currency is withdrawn.
Practically, Plastic Bank builds ethical recycling ecosystems in the world’s most vulnerable coastal communities where collectors come to exchange plastic waste for bonuses. The collected waste is reborn as Social Plastic® which can be easily reintegrated into products and packaging while the bonuses help collectors improve household income and affordability for basic family necessities such as groceries, cooking fuel, school tuition and health insurance.
Purposefully, Plastic Bank empowers the regenerative society. At one end, Plastic Bank strives to eliminate the need for single-use plastic by creating a closed-loop supply chain for global manufacturing. On the other, it enables collectors in vulnerable coastal communities to become recycling entrepreneurs, potentially lifting millions out of poverty.
Digitally, Plastic Bank has deployed a blockchain infrastructure under the name of Alchemy™ that secures every transaction and provides real-time data visualization – allowing for transparency, traceability, and rapid scalability.
Globally, Plastic Bank currently operates in Indonesia, the Philippines, Haiti, Egypt and Brasil.
