The Plastic Bank is turning plastic waste into a currency that can be exchanged to help lift people out of poverty & transition them into a self-sustaining life of entrepreneurship.
[They] are setting up re-purposing / exchange centers for plastic waste in areas that have a high concentration of poverty and plastic pollution. [Their] mandate is to provide a ladder of opportunity for the world’s poor to ascend from poverty by providing access to education, opportunities and 3D printing services.
The exchange process for [their] recycled “Social Plastic” improves the life of a disadvantaged person while cleaning our planet.
[Their] goal is to lead the movement towards worldwide demand for the use of Social Plastic in everyday products. The higher the worldwide demand becomes, the higher the reward will be for harvesting Social Plastic.
Plastic Bank ran a successful crowdfunding campaign this year, raising over $20,000 toward the project’s initiative, which aims to open its first pilot project in Lima, Peru, in February of 2014.
Because there are so many different types of plastic, recycling all of them can seem like a monumental task, but Dr. Mike Biddle, who is on the Plastic Bank Board of Directors, may have the answer, as he’s developed a comprehensive 30 step plastics recycling system that can produce plastic pellets for reuse by industry, using less than a tenth of the energy it currently takes to produce virgin plastic.