Plastic Ban
Monetize plastic waste and turn it into a source of income for people at the BoP
The Vancouver-based company, called The Plastic Bank, plans to use plastic as a form of currency that people living in poverty can gather and trade in to recycling centers located in impoverished areas with a lot of plastic waste. Then the centers, operated by Plastic Bank, can recycle the material on-site or ship it to a plant somewhere else where the plastics can be separated and recycled. In 2014 The Plastic Bank team spent time in Peru and Colombia to learn from the disadvantaged people who recycle for a living. By early 2014 The Plastic Bank had successfully created a million person Social Plastic® movement. People from over 130 countries had signed the Facebook petition and weekly partnership requests came from over 75 different countries. In early 2015 The Plastic Bank launched its full operations in Haiti through Solar Powered Social Plastic Recycling Markets. Plans are now in place to expand globally.