This article contains content that is written like an advertisement .(February 2024) |
Company type | Privately held company |
---|---|
Industry | Environmentalism |
Founded | 2013, in Vancouver, BC, Canada |
Founder | David Katz and Shaun Frankson |
Website | plasticbank |
Plastic Bank is a for-profit social enterprise founded and based in Vancouver, British Columbia, that builds recycling ecosystems in under-developed communities in an effort to fight both plastic pollution in oceans, as well as high poverty levels in developing countries. [1] [2] The company allows people living in poverty to collect plastic and trade it in for material goods such as school tuition, medical insurance, pharmaceutical access, internet access, and cooking fuel, with the aim of adding more benefits to their program in the future. [1] Plastic Bank reprocesses collected plastics for reintroduction into the supply chain. [3] They currently have operations in the Philippines, Indonesia, Brazil, and Egypt, with plans to expand into Colombia and Vietnam in the coming years [4] [5]
Plastic Bank was started in 2013 by co-founders David Katz and Shaun Frankson. [3] Their idea was to transform plastics into a form of currency for impoverished peoples. [3] [6] Katz initially came up with the idea for their model at an arcade, where people would trade in tickets for prizes. [6] He took this idea to create a system in which that same kind of value would be applied to what people discard, effectively creating a currency, tradable for material goods or services. [6] [7]
Plastic Bank claims that as of 2020, they have collected over 14,147,000 kg (13,924 long tons; 15,594 short tons) of plastic, [14] through over 21,000 collectors [14] in their 4 countries. The company claims that this figure for plastic is equivalent to over 707,367,900 plastic water bottles, 1.5 million plastic coffee cup lids, and 500 million plastic straws [14]
Plastic Bank has introduced collection bins into school environments to help students practice recycling early on. [14] They also employ “Plastic Bank Ambassadors” to promote environmental education in Haiti [14]
Eastman Chemical Company is an American company primarily involved in the chemical industry. Once a subsidiary of Kodak, today it is an independent global specialty materials company that produces a broad range of advanced materials, chemicals and fibers for everyday purposes. Founded in 1920 and based in Kingsport, Tennessee, the company operates 36 manufacturing sites worldwide and employs approximately 14,000 people.
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Biodegradable plastics are plastics that can be decomposed by the action of living organisms, usually microbes, into water, carbon dioxide, and biomass. Biodegradable plastics are commonly produced with renewable raw materials, micro-organisms, petrochemicals, or combinations of all three.
In 2015, 43.5% of the United Kingdom's municipal waste was recycled, composted or broken down by anaerobic digestion. The majority of recycling undertaken in the United Kingdom is done by statutory authorities, although commercial and industrial waste is chiefly processed by private companies. Local Authorities are responsible for the collection of municipal waste and operate contracts which are usually kerbside collection schemes. The Household Waste Recycling Act 2003 required local authorities in England to provide every household with a separate collection of at least two types of recyclable materials by 2010. Recycling policy is devolved to the administrations of Scotland, Northern Ireland and Wales who set their own targets, but all statistics are reported to Eurostat.
Armenia is underdeveloped in its waste management and recycling activities.
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Recycling can be carried out on various raw materials. Recycling is an important part of creating more sustainable economies, reducing the cost and environmental impact of raw materials. Not all materials are easily recycled, and processing recyclable into the correct waste stream requires considerable energy. Some particular manufactured goods are not easily separated, unless specially process therefore have unique product-based recycling processes.
Products made from a variety of materials can be recycled using a number of processes.
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Sustainable Development Goal 14 is about "Life below water" and is one of the 17 Sustainable Development Goals established by the United Nations in 2015. The official wording is to "Conserve and sustainably use the oceans, seas and marine resources for sustainable development". The Goal has ten targets to be achieved by 2030. Progress towards each target is being measured with one indicator each.
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