With an estimated 8 million tons of plastic disposed of in oceans every year, plastic waste in the world’s waterways has become a truly global problem. According to the Ocean Conservancy, over half of the plastic that ends up in our oceans come from five countries—China, Indonesia, the Philippines, Thailand and Vietnam—a result of rapidly growing economies and consumer demand, which have not yet been met with sustainable waste-management systems.
In recognition of this growing epidemic, international recycling leader TerraCycle created the TerraCycle Global Foundation. With generous financial support from The PepsiCo Foundation, the company’s philanthropic arm, the TerraCycle Global Foundation is a dedicated public charity on a mission to dramatically reduce the volume of marine debris and plastic waste found in the world’s waterways.
“Tackling plastic waste is vital for both environmental protection and economic development in communities across the world,” said Jon Banner, executive vice president, global communications and president, The PepsiCo Foundation. “At PepsiCo, we take very seriously our commitment to building a world where plastic need never become waste. We are proud to be the angel investor to create the TerraCycle Global Foundation, helping to catalyze funding others and enable the recovery of tons of plastic waste from our waters.”
The TerraCycle Global Foundation’s work is actively underway in Thailand, where the TerraCycle Thai Foundation, a locally registered independent nonprofit, is collaborating with the Department of Marine and Coastal Resources (DMCR). The Foundation has installed river plastic capture traps, which are designed to increase the