It includes an amount of more than 13 million kilograms of plastic waste in Egypt.

Cairo - The Plastic Bank Foundation announced its success in collecting more than 100 million kilograms of plastic waste, which is equivalent to 5 billion 500 ml plastic bottles, which represents a tremendous achievement in preventing this waste from reaching the surrounding environment. Contributing to reducing plastic pollution for a cleaner and more sustainable world.

This step reflects the dedication and efforts made by Plastic Bank to protect the planet, as the institution in Egypt includes more than 28 waste collection centers in 11 governorates, through which the institution has contributed to collecting more than 13 million kilograms of plastic waste, meaning more than 500 million. Plastic bottle in just three years. The Plastic Bank Foundation in Egypt also includes more than 2,100 plastic waste collectors from among more than 40,000 members of the system, which helps them improve their living conditions in addition to protecting the environment from plastic waste, by collecting waste in exchange for incentives and privileges that guarantee They have a better standard of living.

Commenting on this achievement, David Katz, founder and Chairman of the Board of Directors of the Plastic Bank Foundation, said: “What the waste collectors registered in the Plastic Bank system have achieved is a real achievement, reflecting their efforts to preserve the environment by collecting each piece by hand and exchanging it for an incentive that helps them improve their standard of living. "

Katz also praised the role of each of the collection centers, partners, individuals and members of the system, saying, “This achievement is not only about collecting plastic, but about what humanity can achieve when united behind a common goal. We call on the whole world to join us in rewriting the fate of our planet.” And creating a world in which we can renew environmental resources through every effort we make, providing waste collectors with a better life.”

It is worth noting that Plastic Bank's community recycling movement has spread significantly since its inception to include more than 550 plastic waste collection centers in Southeast Asia, Latin America and Africa.
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About Plastic Bank Corporation:

Plastic Bank® is a community institution that aims to create a society based on renewable resources by creating job opportunities and sources of income through the collection of plastic waste. World Bank Plastics helps stop plastic from reaching the oceans while improving the lives of plastic waste pickers; It also builds ethical recycling ecosystems in coastal communities and reprocesses materials to reintroduce them into the global manufacturing supply chain. Plastic waste collectors also receive money, goods or services in exchange for the materials they collect to help them live a decent living. Plastic Bank also works to combat child labor, transform the informal sector into a formal sector, develop workplaces to become compatible with health, safety and environmental standards, stimulate children’s education, and improve the living conditions of plastic waste collectors.

The Plastic Bank Corporation’s digital platform, supported by Blockchain technology, secures fully digital transactions and provides real-time data visualization, enabling data transparency and the possibility of tracking plastic sources from collection until the final stages of manufacturing. This provides opportunities for rapid expansion and the creation of systems for collecting plastic waste throughout the world. Republic. Collected materials are reborn as Social Plastic® that can be easily reincorporated into products and packaging as part of a closed-loop supply chain.

Plastic Bank is a Canadian institution, and was founded by David Katz in March 2013, with the hope of uniting one billion people to create financial value from plastic waste and work to improve the standard of living of low-income individuals in countries that lack waste management facilities. Plastic Bank currently operates in the Philippines, Indonesia, Brazil and Egypt, with plans to expand into Colombia and Vietnam in the next few years.

© Press Release 2023