Macquarie 50th Anniversary Award
Cost to the global economy from ocean plastic pollution
Pieces of plastic currently floating in the Great Pacific Garbage Patch
of plastic in the ocean expected to be removed by 2040 as part of this initiative
Research by The Ocean Cleanup shows that approximately 80 million kilograms of floating plastic debris and 1.8 trillion pieces of microplastic is distributed across the Great Pacific Garbage Patch (GPGP). This is an area that’s three times the size of France, located between California and Hawaii, and the largest accumulation of ocean garbage in the world.
The Ocean Cleanup is developing innovative tools for humanity to solve this problem. Its technology uses the ocean’s natural forces to concentrate the plastics in the GPGP before they’re removed and towed back to land for recycling.
By deploying a fleet of systems, The Ocean Cleanup aims to remove 50 per cent of the GPGP every five years. Its longer-term goal is to rid all oceans of 90 per cent of floating plastic by 2040.
- Mary Reemst, Chair, Macquarie Group Foundation
The Award funding will support the completion of the critical development phase of the technology. Once the design is proven, The Ocean Cleanup can begin its scale-up to a full fleet of systems to be deployed across the Great Pacific Garbage Patch.