This article describes the 12 largest ocean cleanup companies and start-ups.Click to see more such companies The 5 largest ocean cleaning companies and start-ups.
As governments, institutions and investors around the world begin to understand the seriousness of the climate change problem, they are starting to see an opportunity for the ESG industry as well. Take the ocean for example. They cover her 70% of the earth’s surface. Around the ocean is a whole economic ecosystem known as the “blue economy” of the investment world. Flourishing in tourism, water sports, seafood and other related activities, this market is expected to reach $3 trillion by 2030. Data show that about 8 million tons of plastic are dumped into the ocean each year.
But over the past decade, millions of dollars have been poured into ocean cleanup initiatives. Many companies have been able to develop sustainable business models by coming up with innovative solutions to solve the problem of marine pollution. Many investment firms are also investing in this area. For example, last year the European Investment Bank (EIB) committed up to $20 million to the Ocean Fund of Circulate Capital, his ESG-focused investment firm headquartered in New York.
Photo by OCG Saving the Ocean on Unsplash
In this article, we take a look at some of the largest ocean cleaning companies and start-ups. Some of these companies have raised significant amounts of money from investors.
Largest Ocean Cleaning Companies and Startups
Bracenet is a German company that takes abandoned or “ghost” fishing nets and turns them into beautiful bracelets, playing a key role in ocean cleanup initiatives. According to the company’s website, each year he loses or dumps a whopping 640,000 tons of fishing nets into the sea. The company has so far recovered 773 tons of ghost fishing nets.
11. Ocean Sole
There’s a new culprit behind the ocean pollution problem you may not be aware of: flip-flops. Every year millions of beach lovers leave their flip-flops near the ocean. These flip flops are usually made of synthetic rubber, which does not degrade and is harmful to the environment. These flip flops end up in the ocean, polluting an already devastated marine environment. Ocean Sole is working to solve this problem. Its operating model is simple. We work with the local community to collect flip flops and turn them into beautiful objects and works of art. The company’s website features some interesting and aesthetically pleasing objects made from discarded flip flops.
Ocean Sole has offices in Kenya and the United States.
10. Fish filament
Fishing nets are one of the biggest sources of marine pollution. Hundreds of millions of marine animals are killed each year due to fishing nets abandoned at sea. These fishing nets are made of nylon that does not degrade with plastic. Fishy Filaments has come up with a unique business solution to solve this problem. The company collects fishing nets from the ocean and manufactures commercially viable products from them. The company primarily produces engineering-grade nylon filaments for 3D printing made from used fishing nets. Fishy Filaments says it used MasterSpool’s refill concept to reduce the amount of single-use plastic in circulation and reduce the emissions associated with shipping.
9. Serious Business
Searious Business is a Netherlands-based company founded by Willemijn Peeters in 2016. The company’s goal is to prevent plastic pollution from entering the ocean. To that end, it helps him business in three ways. First, the company is helping companies transition to sustainable packaging because plastic packaging is one of the biggest sources of plastic pollution in the world. to help them adapt to sustainable furniture manufacturing and move away from plastic waste. The company says it does so through modular design and recycled plastic furniture technology. Third, Searious Business is committed to developing a “closed loop” of plastic recycling in its consumer electronics sector. It allows consumer electronics companies to use and recycle plastic in their products without generating waste.
The company’s website lists several projects completed with leading brands in the industry.
8. Ocean Bottle
Ocean Bottles is a for-profit company participating in the Ocean Cleanup Initiative in a unique way. The company sells ‘Ocean’ bottles made from stainless steel and recycled plastic from the ocean. The company claims it funds the collection of approximately 11.4 kg of plastic, equivalent to 1000 plastic bottles, for each Ocean bottle it sells. The company claims it pays communities living in coastal areas to collect plastic. If not collected, this plastic will end up in the ocean. According to Ocean Bottle’s website, the company says he has collected 8 million kilograms of ocean plastic so far. The company makes eco-friendly bottles and claims that one Ocean Bottle product emits 2.8 to 4.5 kg of CO2e from cradle to grave.
Ocean Bottles is based in London. The company was founded in 2018 by former London Business School students Nick Doman and William Pearson. In just two years, the company was able to raise his $150,000 in pre-seed funding.
4Ocean is a Florida-based ocean cleaning company founded by Alex Schulze and Andrew Cooper who were inspired to take action when they visited Bali, Indonesia and saw the problem of plastic pollution up close. They spoke with local fishermen and played with the idea of starting a business that would pay coastal communities to collect their garbage. It’s about how you pay your community. 4Ocean sells bracelets on its website and raises operating capital from these sales. For example, a beaded bracelet on the company’s website costs $20 and the description states that purchasing the bracelet will help remove 1 pound of trash from the world’s oceans, rivers and coastlines. It is written. The product description also states that the bracelet is handmade in Bali, Indonesia by local artisans.
Last year, the company announced it had collected 25 million pounds of trash from the world’s oceans, rivers and coastlines.
6. Plastic Odyssey
Plastic Odyssey is neither a company nor a company per se. An organization or project whose goal is to spread awareness about plastic pollution and its impact on our oceans. Plastic Odyssey is an itinerant research platform to collect, develop and disseminate solutions to combat plastic pollution.
Plastic Odyssey set sail from France last year on a three-year expedition to find ways to reduce plastic pollution in the oceans of the 30 most affected countries in Africa, Southeast Asia and South America. On this expedition he will stop at one of the places most affected by plastic pollution.
Plastic Odyssey aims to train 300 entrepreneurs in recycling plastic and how to use it to make paving stones, pipes, machines and other useful things. Plastic Odyssey will stop by different countries and invite local entrepreneurs to pitch his business ideas to solve the problem of plastic pollution. The project website shows some of the technologies the project is working on, teaching entrepreneurs to recycle plastics and other forms of materials that are harmful to the environment, especially the oceans.
Click to read more and see the 5 biggest ocean cleaning companies and startups.
disclosure. none. 12 largest ocean cleaning companies and start-ups was first published on Insider Monkey.