Plastic Bank's strategy for the next two years in Egypt is known. The company committed to the fight against ocean pollution by plastic waste wants to reach an annual collection capacity of 5,000 tons by 2023.
While initiatives to fight plastic pollution are multiplying in Egypt, Plastic Bank has set a new objective. Already very active in this North African country, the company wants to pass the 5,000 tons of plastic waste collected per year mark by 2023.
To reach this goal, Plastic Bank will increase the number of collection centers and the amount of plastic collected. These facilities will be distributed among four new geographical areas of intervention in the provinces of Alexandria, Assiut, Kafr el-Sheikh and Menoufeya. The collection centers installed by Plastic Bank will allow individuals to exchange their plastic waste for cash, goods or digital services.
A project aligned with the Egyptian government’s Vision 2030
This incentive system will also improve the recovery rate of plastic waste. These are destined for recycling. In 2021 alone, Plastic Bank has managed to collect 2,700 tons of plastic waste through 11 new centers located in the cities of Mansheyyet Nasser, Al-Khosous, Fayoum, Port Said, Nuweiba and the city of May 15, east of Helwan in Egypt. This is equivalent to 150 million bottles. Plastic Bank has collaborated with the German company Henkel for the installation of plastic waste collection points. The two partners aim to install at least 400 such points in the country of the pharaohs within 5 years. This will enable one billion plastic bottles to be collected and recycled by 2025.
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Plastic Bank is also announcing the establishment of new partnerships with major private sector companies operating in various fields, as well as the development of an online application. These initiatives which are in line with the Egyptian government’s policy to reduce solid and liquid waste pollution by 50% by 2030, also through the gradual adoption of the circular economy. The North African country produces an average of 95 million tons of waste every year. Waste that ends up in waterways, destroying marine biodiversity, a hindrance to tourism in coastal areas.
Inès Magoum
