Cycle for strapping bands
Disposal company Re-strap and Teufelberger have concluded a long-term agreement for the return of used plastic strapping.
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Greiner Packaging and Plastic Bank have been partners since 2019. The partnership aims to promote a circular economy while improving the lives of the members of a collection community in the Philippines. The partnership has now been extended once again.
Cooperation in the fight against plastic waste in the world's oceans Greiner Packaging with Plastic Bank since 2019. The company supported the launch of five Plastic Bank collection centres in Manila in the Philippines - one of the largest plastic waste-producing countries in the world. Since then, 331.5 tonnes of plastic waste have been collected as part of the partnership, which corresponds to 16.5 million plastic bottles. The partnership has now been extended once again.
Plastic Bank empowers ocean stewards to stop plastic littering the oceans. The ethical collection communities exchange plastic for life-enhancing benefits. The Exchange transactions are recorded via a blockchain-secured platform, which enables traceable collection, secures revenue and verifies reporting. The collected material is processed into social plastic for reuse in products and packaging.
„Our partnership shows that a circular economy is possible. The cycle from plastic waste carelessly thrown into the environment to recycled granulate that companies can use to manufacture new products is a prime example of the potential that initiatives like this offer.“
Manfred Stanek, CEO of Greiner Packaging
Plastic Bank demonstrates the value of plastic. The members of the collecting society consider Plastic is no longer waste, but a valuable resource and gain access to life-enhancing services such as secure income, health, labour and life insurance, digital connectivity, and social and fintech services. Plastic Bank empowers communities to build a better future - not only in the Philippines, but also in Indonesia, Brazil and Egypt.
Source: Greiner Packaging
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