Lasso Loop Recycling partners with Plastic Bank®
Lasoo Loop partners with Plastic Bank on the newly launched Invite a Friend Initiative,
Stopping 10,000 Plastic Bottles from entering our oceans for every purchase through the initiative. Changing the
future of recycling whilst helping to clean up it's broken past.
Lasso Loop is happy to announce a new partnership with Plastic Bank. This partnership
will enable Lasso Loop to launch their first ever Invite a Friend Initiative, allowing Lasso Loop Reservation
Holders to invite their friends and family to reserve.
Lasso Loop will give $100 to the original Reservation Holder, $100 to their friend, and $100 to Plastic Bank,
once their friend has reserved and accepted delivery of their pre-ordered Lasso. Deliveries are scheduled to
begin in Q1 2023.
Reservation holders also have the option to contribute their $100 to Plastic Bank too. There are no limits to how
many rewards can be earned and subsequent amount contributed.
Each $100 Plastic bank contribution allows the Social Enterprise to stop 10,000 Plastic bottles from entering our oceans!!
To launch the initiative Lasso Loop has contributed $10,000 to Plastic Bank, as an official Partner,
establishing Lasso Loop as an Environmental Leader. The initial contribution will stop over 20,000 kilograms of plastic from entering the oceans.
Plastic Bank builds ethical recycling ecosystems in coastal communities and reprocesses the materials for reintroduction into the global supply chain. Collectors in Plastic Bank’s ecosystem receive a premium for the materials they collect which helps them provide basic family necessities such as groceries, cooking fuel, school tuition, and health insurance. Plastic Bank’s certified blockchain platform, AlchemyTM, secures the entire transaction and provides real-time data visualisation – allowing for transparency, traceability, and rapid scalability.
Headquartered in Vancouver, BC, the social enterprise currently operates in Haiti, Indonesia, the Philippines, Brazil, and Egypt.
Plastic Bank recently reached the milestone of stopping 1 billion plastic bottles of ocean plastic.
"Lasso Loop's partnership with Plastic Bank is so exciting for the recycling industry. We see a lot of parallels
in their values and ability to clean up recycling's past, something we hope to do at Lasso Loop alongside
inventing and implementing the industry's future. We hope this is the start of a mutually beneficial
partnership." says Kieran White, Lasso Loop Recycling.
“We’re excited to be partners with Lasso Loop - a company that shares our vision on creating environmental, social and economic impact,” says David Katz, Founder and CEO of Plastic Bank. “Our partnership represents a unique opportunity to make direct impact in the effort to stop ocean plastic and improve the livelihoods of collector communities.”