28.11.2019

Plastic Odyssey and Crédit Agricole are renewing their partnership to fight plastic pollution in oceans

19 tonnes of plastic enter the ocean each minute. But this waste can be made into a precious resource! Making the recycling of this waste into a profitable activity that creates new jobs: this is the goal of the Plastic Odyssey team.

Merchant navy officers, sales managers and engineers, these young entrepreneurs have developed an ambitious project to raise awareness of plastic waste recycling and to share this knowledge in emerging countries.

An expedition to share low-tech and open-source plastic recycling technologies

Over the course of three years, the Plastic Odyssey team will travel the world's seas by ship in order to fight plastic pollution.  The expedition will include stops in emerging countries to encourage local waste-reducing initiatives and the creation of small recycling plants. At each stop, Plastic Odyssey will share low-tech and open-source recycling technologies to promote the development of micro-entrepreneurship and the circular economy. Sorting and plastic recycling demonstrations will also be offered.

This project does not aim to collect plastic already in the oceans, but to take early action, working with local populations on solutions to prevent pollutions so that waste does not end up in the oceans.

 

The first ship powered using recycled plastic

The ship will be ready to set sail in the second half of 2020. Measuring 40 metres long, it will run on fuel made using plastic waste thanks to a pyrolysis processing unit installed at the back of the ship: a major first in the field of navigation.

For three years, it will travel along the coasts of Africa, Latin America, and Asia to:

  • Raise awareness of plastic pollution in the oceans,

  • Encourage the reduction and recycling of plastic,

  • Turn plastic waste into a resource.

 

Fighting plastic pollution: a major societal challenge

The fight against plastic pollution is a priority that Crédit Agricole shares with Plastic Odyssey. The Group became a partner of Plastic Odyssey in 2018, during the prototyping phase of the project. Crédit Agricole, via 16 entities1, is continuing this commitment by supporting the Plastic Odyssey project with €1.2 million in aid over a period of five years. Its support for this expedition is in line with the Societal Project of Crédit Agricole Group.

1 7 Regional Banks (Alpes Provence, Aquitaine, Atlantique Vendée, Charente-Maritime Deux-Sèvres, Finistère, Normandie Seine, Provence Côte d’Azur) as well as BforBank, CAMCA Mutuelle, Crédit Agricole Assurances, CACEIS, Crédit Agricole CIB, Crédit Agricole Immobilier, Crédit Agricole S.A., Crédit Agricole Pologne and Crédit Agricole Italie.

Eric Campos

Eric Campos has been Head of Corporate and Social Responsibility at Crédit Agricole S.A. since June 2018 and Managing director of the Grameen Crédit Agricole Foundation since October 2016. He is a member of Crédit Agricole S.A. Management Committee. Eric Campos has a great deal ...