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Sign up#tide ocean material®
A material resource made from upcycled ocean-bound plastic to help free the oceans from plastic waste
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#tide ocean material®
A material resource made from upcycled ocean-bound plastic to help free the oceans from plastic waste
Label Date
September 12, 2023
From
Switzerland
Maturity stage
TRL 9 / CRI 5-6 - Market competition driving widespread deployment &/"Bankable" grade asset class
The oceans are suffocating, up to 10 million tons of plastic waste end up in the ocean every year. Most of the plastic is coming from land due to a lack of waste management and because the material is often considered worthless. We want to change this perspective and give value to waste in two ways: First, through technology: In collaboration with the Swiss University of Applied Sciences we have developed a mechanical method to bring plastic waste back to life as a valuable material resource, fit to replace virgin plastic in many applications. Second, we create value through social and environmental impact. We offer additional income to local waste pickers and fishermen in Southeast Asia and Mexico to collect the plastic. The plastic gets sorted and cleaned in social enterprises where we create more jobs and offer additional support such as housing, social security, and health insurance. Environmental impact is created through clean-ups and prevention of further pollution.
The Environmental Benefits
- •A fully traceable material resource and therefore perfectly suited to be integrated into circular business models
- •Made from 100% ocean-bound plastic and does not contain any virgin material
- •The environmental benefits from removing plastic waste from the ocean and coastlines outweigh significantly the carbon footprint (by a factor of 35)
- •Compared to virgin plastic, #tide ocean material® has a much smaller carbon footprint. Depending on the material type, the saving of CO2 can be up to 80%.
The Financial Benefits
- •By integrating #tide ocean material® into their value chain, companies can de-risk their business from the increasingly volatile market for fossil based resources
- •#tide ocean material® comes with an incredibly valuable story and rich library of per assets such as photos, video or data
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Company Profile
Tide Ocean SA
#tide ocean material® is a premium quality recycled plastic material made of 100% ocean-bound plastic. #tide® is the label for responsible plastic consumption.
Headquarters
4056 Basel, Switzerland
Type
Startup or self-employed
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The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances. The innovator Tide Ocean SA has asserted ownership of the intellectual property rights for images, videos, and content showcased above, affirming full and unrestricted usage rights, and has provided explicit permission for the Solar Impulse Foundation to publish such information designated as "public" in the application form.