Over 610 tons of plastic waste collected: Partnership extended again

Turning plastic waste into a valuable asset
Plastic Bank is empowering the world to end plastic pollution by building ethical recycling ecosystems in coastal communities and reprocessing the materials collected for reintroduction into the global manufacturing supply chain. Plastic Bank collectors receive a bonus for the plastic they collect, allowing them to earn a higher income. The recycled material is referred to as Social Plastic® feedstock as it offers both environmental and social benefits.

"We are all in agreement: someone has to do something about plastic in the ocean. Plastic Bank and its partners, such as Greiner Packaging, are part of the solution." (David Katz, Founder Plastic Bank)

Beatrix Praeceptor, CEO of Greiner Packaging, is thrilled about the renewed partnership: “We’re extremely happy to extend our collaboration with Plastic Bank for the third time. This ongoing partnership reflects our strong commitment to a sustainable future.”

Taking responsibility as an entrepreneurial duty
Sustainable action has always been of paramount importance to Greiner Packaging, a manufacturer of rigid plastic packaging and cardboard-plastic combinations. Under the motto “Join the Circular Revolution!”, the company is calling on its partners along the value chain to commit all their innovative strength to sustainable product solutions. After all, the goal of a sustainable circular economy can only be achieved together.

Acting in the middle of an ecological hotspot
Five plastic collection centers were opened in Manila, the capital of the Philippines, back in 2019. The Philippines is the third-largest producer of plastic waste in the world after China and Indonesia. In the Philippines alone, an estimated 2,000,000 tons of plastic end up in the sea every year. This means that the need for action on the ground is enormous.

Collectors exchange plastic waste as currency at local Plastic Bank branches for incremental income and access to life-improving benefits such as work and health insurance, meal vouchers, school supplies and more. Offering secure, traceable sources of income and social benefits gives collection communities a way out of poverty.

Impressive results strengthen the continuation of the cooperation
In recent years, over 610 tons of plastic waste have already been removed from the environment in vulnerable coastal areas most impacted by plastic pollution. This weight corresponds to the equivalent of over 30 million plastic bottles.
Currently, 1,660 people across 137 communities in the Philippines benefitted from the partnership.

Plastic Bank currently operates in the Philippines, Indonesia, Thailand, Brazil, and Egypt.