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The Great Pacific Garbage Patch Can be Cleaned for $7.5 billion

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After 6 years of development and three years of extraction operations, The Ocean Cleanup declares the Great Pacific Garbage Patch can be eliminatedOcean Plastic pollution is one of the most urgent problems our oceans face today, costing the world up to $2.5 trillion per year in damage to economies, industries and the environmentThe Ocean Cleanup’s operations demonstrate that the elimination of the GPGP can be done at today’s level of performance in 10 years at a cost of $7.5bn*Data and modelling indicate that the removal of the GPGP could be achieved in 5 years at a cost of $4bn*Today we call upon the world to join us in a time for action – the cost of inaction is catastrophic to marine ecosystems, human health, and the environment**

SAN FRANCISCO, Sept. 6, 2024 /PRNewswire/ — The Ocean Cleanup today declared the eradication of the Great Pacific Garbage Patch (GPGP) achievable within a decade and an ambition to make the cleanup happen faster and more cost effectively. Today’s announcement is the first time both a cost and a timeline has been placed on ridding the Pacific Ocean of the environmental hazard presented by the Great Pacific Garbage Patch.

Cleanup technology validated and ready for scale-up

Six years after sailing out of San Francisco with the ambition of developing the technology to rid the world’s oceans of plastic, The Ocean Cleanup returned to San Francisco with the knowledge and know-how to relegate the Great Pacific Garbage Patch to the history books.

Arriving in San Francisco with System 03, the technology created by The Ocean Cleanup to extract plastic from ocean gyres, the organization showcased the results of their most recent extraction operations in the GPGP.  Over the past three years, The Ocean Cleanup has removed more than one million pounds of trash from the Great Pacific Garbage Patch, or 0.5% of the total accumulated trash.  The data and modelling of these and future operations conclusively proves that the problem is solvable within a decade and could be done in 5 years at a cost of $4bn

Time for action 

The Ocean Cleanup calls upon the world, governments, corporations, individuals, and foundations to prioritize the resolution of this important marine environment and ensure that the cleaning of the ocean becomes a global priority.

In 2025 The Ocean Cleanup will take a one-year operational hiatus to deploy a new hotspot hunting initiative designed to map the “hotspots”, or areas of intense plastic accumulation in the GPGP, making extractions more impactful. 

Commenting on the announcement, Boyan Slat, Founder and CEO of The Ocean Cleanup said: “Today’s announcement is clear, clean oceans can be achieved in a manageable time and for a clear cost.  Through the hard work of the past 10 years, humanity has the tools needed to clean up the ocean.  We have shown the world that the impossible is now possible.  The only missing thing is who will ensure this job gets done.  We call upon the world to relegate the Great Pacific Garbage Patch to the history books.  This environmental catastrophe has been allowed to exist, unresolved, for too long and for the first time we can tell the world what it costs, what is needed and how long it could take.  It is time for action.” 

For further information please contact:

Niels Broekhof: CFF Communications
niels.broekhof@cffcommunications.nl, +31(0)630374930Alan Dunton: SHIFT Communications
adunton@shiftcomm.com, 415-290-8219

Video assets: https://app.frame.io/reviews/bd4d208e-c479-491e-aa31-2a0ae5ecf609

Note to media:

*Putting the cost of clean oceans in context:

Annual spend in the US on Halloween
decorations

$10.6bn

US pet food spending in 2024

$66.9 bn

Combined net worth of the top 10 richest
people

$1.66tn

1% of the annual revenues of the world’s
plastic
producers

$7.2bn

Cost to the world’ economies, industries
and the environment
caused by plastic
pollution

$2.5 trillion

 

**Understanding the environmental impact of cleanup operations:

While prevention of further pollution is critical, measures to reduce future plastic emissions do not address impacts of plastics that have already accumulated in the ocean. Without any action, this legacy plastic pollution will continue to reside in and impact marine ecosystems for decades or centuries to come. Therefore, cleanup of existing plastic pollution in our oceans is needed to reduce identified risks to marine ecosystem (Richon et al., 2023).

To ensure that the harm reduction achieved by removing plastic pollution exceeds potential environmental damage caused by the cleanup, The Ocean Cleanup follows a comprehensive environmental management plan in line with recommendations by independent scientists (Falk-Andersson et al., 2023). The approach consists of environmental impact assessments prior to deployment of cleanup technology, a series of mitigation measures to minimize identified risks, as well as monitoring of interactions with marine life and reporting thereof.

The extensive data collected throughout the past years now allows us to start assessing the net environmental benefit of cleaning the Great Pacific Garbage Patch (GPGP). Together with independent and renowned scientists we developed a plastic pollution impact assessment framework and applied it to evaluate whether cleaning the GPGP provides a net benefit to marine life and regional carbon cycling. This work is currently undergoing peer review and will be made publicly available upon publication.

ABOUT THE OCEAN CLEANUP

The Ocean Cleanup is an international non-profit that develops and scales technologies to rid the world’s oceans of plastic. They aim to achieve this goal through a dual strategy: intercepting in rivers to stop the flow and cleaning up what has already accumulated in the ocean. For the latter, The Ocean Cleanup develops and deploys large-scale systems to efficiently concentrate the plastic for periodic removal. This plastic is tracked and traced to certify claims of origin when recycling it into new products. To curb the inflow, The Ocean Cleanup has developed Interceptor™ solutions to halt and extract plastic in rivers before it reaches the ocean. As of August 2024, the non-profit has collected over 16 million kilograms (35.3 million pounds) of trash from aquatic ecosystems around the world. Founded in 2013 by Boyan Slat, The Ocean Cleanup now employs a broadly multi-disciplined team of approximately 140. The foundation is headquartered in Rotterdam, the Netherlands, and opened its first regional office in Kuala Lumpur, Malaysia, in 2023.

View original content:https://www.prnewswire.com/news-releases/the-great-pacific-garbage-patch-can-be-cleaned-for-7-5-billion-302240839.html

SOURCE The Ocean Cleanup

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Singapore’s Sodion Energy Secures MWh Supply of US Developed Advanced Sodium-Ion Batteries from UNIGRID

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SINGAPORE, Jan. 13, 2025 /PRNewswire/ — Sodion Energy, a leading provider of sodium-ion batteries for e-mobility and integrated energy storage solutions in Southeast Asia, has secured a landmark agreement for an initial 10 MWh supply of advanced sodium-ion batteries developed by UNIGRID Inc., a California-based innovator in sodium-ion battery technology.

This collaboration strengthens Sodion Energy’s ability to address the region’s rising demand for affordable, eco-friendly, and high-performance battery solutions across mobility and energy storage sectors.

“Our collaboration with UNIGRID is a game-changer,” said Dr. CC Hang, Chairman of Sodion Energy. “These next-generation sodium-ion batteries will allow us to tackle key markets, starting with lead-acid battery replacements in e-mobility and extending into large-scale renewable energy projects and grid stabilization initiatives.”

Sodium-ion batteries offer distinct advantages, including cost-efficiency, enhanced safety, and the use of abundant raw materials, making them a sustainable choice for energy storage. With fast-charging capabilities and intrinsic non-flammability, they are exceptionally suited to Southeast Asia’s tropical climate and rapidly growing energy needs.

With a strategic focus on advanced battery technologies, Sodion Energy is poised to play a key role in driving Southeast Asia’s transition to cleaner, safer, and more sustainable energy solutions.

Website: https://sodione.com

Follow us on LinkedIn: Sodion Energy

About Sodion Energy

Headquartered in Singapore, Sodion Energy is an applications engineering leader driving the commercialization of Sodium-ion batteries across Southeast Asia. SE’s sodium-ion pack solutions are tailored to meet the diverse needs of industries such as mobility and energy storage, contributing to a more sustainable future.

View original content:https://www.prnewswire.com/apac/news-releases/singapores-sodion-energy-secures-mwh-supply-of-us-developed-advanced-sodium-ion-batteries-from-unigrid-302347661.html

SOURCE UNIGRID and Sodion Energy Pte. Ltd

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AirCheck Australia & New Zealand Renamed as RCS MEDIA MONITORS

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SYDNEY, Jan. 13, 2025 /PRNewswire/ — AirCheck, a leading provider of broadcast monitoring services in Australia and New Zealand is pleased to announce its renaming as RCS MEDIA MONITORS, effective immediately.

AirCheck monitors songs and commercials providing almost real time reporting tools for radio and television broadcasters, music media, record companies, advertising agencies and industry analysts.

This change reflects the company’s growth, expanded service offerings, and a strengthened focus on providing comprehensive media intelligence.

The new name, RCS MEDIA MONITORS, builds on the expertise of its parent company, RCS, to offer enhanced monitoring solutions. By integrating RCS’s global technology and resources, the company will provide clients with a broader range of tools for tracking and analysing media campaigns across a variety of platforms and markets.

“We’re excited to take this step forward,” said Philippe Generali, President and CEO of RCS Global. “The rebranding to RCS MEDIA MONITORS allows us to expand our reach and improve our services, giving clients access to deeper insights and a wider array of media monitoring tools. With RCS’s support, we can offer more robust data and solutions that cover not just broadcast, but also digital and emerging media channels.”

The name change signals the company’s commitment to evolving with the changing media landscape. With RCS MEDIA MONITORS, clients can expect the same reliable monitoring services they’ve trusted for over 20 years in Australia and 15 years in NZ.

www.rcsmediamonitors.com.au

About RCS MEDIA MONITORS

RCS MEDIA MONITORS (formerly AirCheck) is a leading provider of broadcast monitoring and media intelligence solutions in Australia, New Zealand and India. The company helps clients across industries optimise media strategies, measure performance, and gain insights from a wide range of traditional and digital media. RCS MEDIA MONITORS is part of RCS, a global leader in broadcast automation and media technology.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/aircheck-australia–new-zealand-renamed-as-rcs-media-monitors-302347810.html

SOURCE RCS MEDIA MONITORS

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iM Global Partner mourns the passing of Philippe Uzan

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PARIS, Jan. 13, 2025 /PRNewswire/ — It is with deep sadness that iM Global Partner (iMGP) announces the passing, one month ago, of our dear friend and colleague, Philippe Uzan.

 

 

Philippe’s exceptional career in asset management spanned more than 30 years and is marked by remarkable achievements in the organizations for which he worked and deep contributions to the industry as a whole. His passing is a tremendous loss to all who knew and worked with him.

Philippe joined iM Global Partner in February 2020 as Deputy CEO and CIO Global Asset Management, responsible for overseeing our financial strategies and products and designing value-added investment solutions for our clients across Europe and the United States.

His expertise spanned all asset classes, and he had a deep understanding of markets and their impact on investors and their investment needs. He was an eloquent man who contributed a number of papers and articles to the media, always with the intention of educating and making financial concepts more relatable. He has left an indelible mark on our organization and on the broader industry.

Prior to joining iM Global Partner, Philippe was latterly Chief Investment Officer at Edmond De Rothschild Asset Management, where he worked for 11 years and where he led the portfolio management teams, optimizing the synergies between analysis and portfolio management. He previously spent three years as Research and Global Asset Allocation Director, where he developed the portfolio management and research teams and modernized investment processes and the product range.

Philippe began his career as an Equity Derivatives Trader at Société Générale and held roles at AGF Asset Management (now part of Allianz Global Investors) and Natixis AM.

Throughout his career, Philippe’s outstanding intelligence, humility, and collaborative spirit earned him the respect and admiration of his peers.

Philippe Couvrecelle, Founder and CEO of iM Global Partner, expressed his heartfelt condolences: “It was with infinite sadness and pain that I learned of Philippe’s passing from a devastating illness. I had known Philippe closely for almost 20 years, as we worked together for Natixis, Edmond de Rothschild and iMGP. I pay immense tribute to his humanity, his sense of humor, his brilliant intelligence and his presence, which I will deeply miss. We had shared so much and still had so much to do together. In his memory, we will continue our path forward with strength, success and intensity, always preserving our values and our company culture to which he was so attached.

We will all miss Philippe enormously at iM Global Partner. He will be remembered not only for his professional achievements but also for his warmth, generosity, kindness and his unwavering dedication to his colleagues and community. Our thoughts are with his wife and three children, his family, friends and loved ones during this difficult time.”

CONTACT: media@imgp.com

 

 

SOURCE iM Global Partner

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