TERRACYCLE NEWS

ELIMINATING THE IDEA OF WASTE®

TerraCycle CEO Creates Recycling ‘Loop’ and a Likely Crowdfund Unicorn

TerraCycle stock is the first equity crowdfunding idea I’ve seen on InvestorPlace that I might invest in. The company probably doesn’t need crowdfunding at all. While you can still buy shares at $100 each through StartEngine, TerraCycle stock has already issued its first dividend, $2.09 per share. The recycling disruptor earned $3.2 million in 2019 on $27.1 million in revenue, up 35% from the previous year. It’s currently seeking $14.8 million on a $50 million valuation. TerraCycle isn’t flying under the radar. It was called the “Coolest Start-up in America” back in 2006. At the time its main business was converting food waste into fertilizer using worms. Now it’s focused on hard-to-recycle plastic, building networks that collect packaging, process it and sell it back as new packaging.

Zero Waste Packaging Platform Loop Expands Across the U.S.

Loop is taking its effort to curb single-use packaging national with expansion to 48 states. After a successful pilot run, the revamped “milkman” delivery and e-commerce platform — which helps to repackage beauty and consumer goods into reusable and refillable packaging — is looking to facilitate greater circularity. New Jersey-based company TerraCycle first tested its Loop venture in New York City, and later diffused the premise of circularity to consumers in the mid-Atlantic and abroad to Paris and, most recently, the U.K. And both brands and consumers are biting. “Consumers across the country have urged us to bring Loop to them so we’ve scaled as quickly as possible to make that happen,” Tom Szaky, founder and chief executive officer of Loop and TerraCycle, said in a statement.

Circular-Shopping Platform Goes National

Loop, the worldwide circular-shopping platform rolled out last year by Trenton, New Jersey-based TerraCycle, is now available in every ZIP code in the 48 contiguous states. Since its launch in the northeastern United States and Paris, with subsequent expansion to the United Kingdom this past July, Loop has experienced considerable growth of its brand partners and product assortment: It now offers more than 80 brands and 400 products globally, and more than 100,000 people enrolled to receive the service. Loop allows consumers to shop for brands in sturdy packaging that’s reused until the end of its life, resulting in a circular system that aims to supplant disposable single-use packaging. The service features international companies such as Unilever and Nature’s Path and small independently owned businesses alike. “Consumers across the country have urged us to bring Loop to them, so we’ve scaled as quickly as possible to make that happen,” explained Tom Szaky, founder and CEO of Loop and TerraCycle. With consumers shopping more and more online this year, the need for our sustainable, waste-free solution has become even more important.”

Loop Hits 48 US States

Circular shopping platform Loop, which was launched last year by TerraCycle, is now available in every zip code in the 48 contiguous states. Since its launch in 2019 in the Northeast US and Paris, and, most recently in the UK in July, Loop has seen substantial growth in its brand partners and product assortment; there are now more than 80 brands and 400 products globally and more than 100,000 people signed up for the service. “Consumers across the country have urged us to bring Loop to them so we’ve scaled as quickly as possible to make that happen,” said Tom Szaky, founder and CEO of Loop and TerraCycle. With consumers shopping more and more online this year, the need for our sustainable, waste-free solution has become even more important." In the US, Loop consumers can order more 100 products from more than 30 brands in categories ranging from beauty to grocery to household goods with that assortment expected to double by year’s end, said TerraCycle. While available solely online today, Loop will be available in-store when it is embedded in its retail partners brick and mortar spaces in 2021, said the firm. Next year, consumers will be able to shop for Loop products in select Kroger stores in the United States. Also in 2021,Loop is scheduled to expand to Canada, Australia and Japan.

TerraCycle's Loop Expands to Full US Mainland

Loop, the global circular shopping platform from TerraCycle, is now available in every zip code in the 48 contiguous U.S. states. The service now features more than 80 brands and 400 products globally, including France and the United Kingdom, with more than 100,000 people signed up for the service. Loop facilitates shopping for products featuring durable, reusable packaging, attempting to do away with single-use formats while also simplifying the recycling of durable packaging. Participating companies include Unilever, Melanin Essentials and Soapply. U.S. consumers can currently order more than 100 products from more than 30 brands in beauty and other categories. The assortment will double by the end of 2020, per Loop. In 2021, Loop will expand from online-only to brick-and-mortar retail partnerships, including some Kroger stores. Next year, Loop is also expanding to Canada, Australia and Japan. “Consumers across the country have urged us to bring Loop to them so we’ve scaled as quickly as possible to make that happen,” said Tom Szaky, founder and CEO of Loop and TerraCycle. "With consumers shopping more and more online this year, the need for our sustainable, waste-free solution has become even more important."

Coca-Cola with Partner cleaning up Lat Phrao Canal

Operated through the partnership of TerraCycle Thai Foundation and the Department of Drainage and Sewerage (DDS), Bangkok Metropolitan Administration (BMA), the Thai project has installed two ‘River Plastic Traps’ to capture waste from the stream. The collected waste is then dried and sorted for proper disposal and recycling with data being recorded for future use in raising awareness among community members and promote behavioral change as a sustainable solution.   Nuntivat Thamhatai, Public Affairs, Communications and Sustainability Director of Coca-Cola (Thailand) Limited, said: “Driving partnerships that promote debris-free environment is one of our ‘World Without Waste’ commitments. Coca-Cola believes the biggest differences can be made when business, government and civil society with shared value join hands and work towards the same goal which is precisely the case with this project. While this is still relatively small-scaled, we certainly hope that it serves as the beginning of many great works to come, so that, one day, there will not be the need to install any River Plastic Trap in any canal or river.”

EU Beach Cleanup day on 18 September 2020

The annual coastal cleanup by the EU in Thailand announced the date for this year campaign to be 18 September 2020. For 2020’s location has moved from coastal clean up to be Bangkok canal clean up. Thai entrepreneurs with environmental motive will participate and inviting their fans to join this positive movement. The statement said: Save the date! The EU annual coastal cleanup campaign is back, and it will be bigger than ever! This year, we’re teaming up with Mahidol University International College – MUIC, TerraCycle Thai Foundation, กรุงเทพมหานคร โดยสำนักงานประชาสัมพันธ์, SOS EARTH, Little Big Green and เถื่อนChannel to triple our efforts to keep marine litter from our ocean. We also decided to begin the cleanup BEFORE the trashes make their way down the coastline.

TerraCycle Thai Foundation and Blue Carbon Society Partner to Clean up Lat Phrao Canal with 3-Year Plastic Collection and Recycling Project

TerraCycle Global Foundation, TerraCycle Thai Foundation, and Blue Carbon Society are joining forces to boost plastic collection and recycling in Lat Phrao by operating two river plastic capture traps on the canal for three years. Additional plans include working with the canal community and Bangkok Metropolitan Administration (BMA) to develop sustainable waste management systems. TerraCycle Global Foundation, TerraCycle Thai Foundation and Blue Carbon Society have signed a three-year memorandum of understanding (MoU) to collect and recycle plastic waste removed from the Lat Phrao Canal and to inspire action on other canals to reduce marine plastic pollution. Through the new partnership, TerraCycle Thai Foundation will operate two river plastic capture traps. These floating devices are designed to increase the amount of debris and marine plastics collected from Thai waterways. Using the traps, the waste will be intercepted and removed before it reaches and pollutes the ocean. The partnership will also establish education programs, improve data collection, and contribute to developing sustainable waste management systems in the region.

Combating Ocean Pollution through Cooperation and Collaboration — The TerraCycle Blog

It’s estimated a full garbage truck worth of plastic enters the ocean every minute of every day. If nothing changes, we’re projected to see that jump to two garbage trucks per minute by 2030 and four per minute by 2050. While fishing gear and nets are a large contributor, 80% of this pollution flows in from land-based sources and by way of smaller waterways, such as rivers.   In a world where recycling and waste collection is on the decline even for “highly recyclable” materials, this trend is highly especially prevalent in regions where a lack of economic and structural resources make it difficult for local systems to keep up with waste collection. Not only does this degrade the area for surrounding communities, but contributes to a global problem.

TERRACYCLE GLOBAL FOUNDATION TACKLES PLASTIC POLLUTION CRISIS IN WORLD’S WATERWAYS

With an estimated 8 million tons of plastic disposed of in oceans every year, plastic waste in the world’s waterways has become a truly global problem. According to the Ocean Conservancy, over half of the plastic that ends up in our oceans come from five countries – China, Indonesia, the Philippines, Thailand and Vietnam – a result of rapidly growing economies and consumer demand, which have not yet been met with sustainable waste-management systems. In recognition of this growing epidemic, international recycling leader TerraCycle created The TerraCycle Global Foundation. With generous financial support from The PepsiCo Foundation, the company’s philanthropic arm, the TerraCycle Global Foundation is a dedicated public charity on a mission to dramatically reduce the volume of marine debris and plastic waste found in the world’s waterways. Set up by Dr. Jwanwat and Mrs. Thippaporn Ahriyavraromp in 2018, Blue Carbon Society inspires action to conserve and restore coastal and marine environments vital to combating climate change. TerraCycle Global Foundation is building an international network of charities to work with communities in countries that create the most ocean plastic waste. TerraCycle Thai Foundation will operate 2 floating plastic traps at Lat Phrao Canal. The partnership will also establish education programs, improve data collection, and help develop sustainable waste management systems.