Plastic Bank‘s aim is to prevent the flow of plastic into the ocean by turning the waste into a commodity.  Since 2013 it has recovered and recycled more than 6.25 million kilograms of plastic.  Launched in Vancouver, it now operates in Europe, Haiti, the Philippines and Indonesia.  Collectors take plastic to their local bank, where it is converted into currency at the going market rate for the material.

The simple idea is that people won’t throw away plastic if they can swap it for cash, and will collect plastic waste to receive income from it.  The banks send the plastic to partner organisations to be used to make new products.  Individuals and companies can also buy credits to offset their plastic waste impact.

Type of organisation: social enterprise

also support…

Plastic Bank‘s aim is to prevent the flow of plastic into the ocean by turning the waste into a commodity.  Since 2013 it has recovered and recycled more than 6.25 million kilograms of plastic.  Launched in Vancouver, it now operates in Europe, Haiti, the Philippines and Indonesia.  Collectors take plastic to their local bank, where it is converted into currency at the going market rate for the material.

The simple idea is that people won’t throw away plastic if they can swap it for cash, and will collect plastic waste to receive income from it.  The banks send the plastic to partner organisations to be used to make new products.  Individuals and companies can also buy credits to offset their plastic waste impact.

Type of organisation: social enterprise

also support…