The Ocean Cleanup Project Secures Major Funding

The Ocean Cleanup, the Dutch foundation developing technologies to rid the oceans of plastic, has raised $21.7 million in donations since last November.

This latest funding round brings The Ocean Cleanup’s total funding since 2013 to $31.5 million. This new contribution allows The Ocean Cleanup to initiate large-scale trials of its cleanup technology in the Pacific Ocean later this year.

This funding round is led by San Francisco-based philanthropists Marc and Lynne Benioff and an anonymous donor. Other supporters include the Julius Baer Foundation, Royal DSM, and Silicon Valley entrepreneur/investor Peter Thiel.

Over the past four years, The Ocean Cleanup has been developing a passive plastic capturing technology, which uses the ocean currents to catch and concentrate the plastic, reducing the theoretical cleanup time of the Great Pacific Garbage Patch from millennia to years. The Ocean Cleanup aims to launch its first experimental cleanup system in Pacific waters by late 2017. It will represent the most important milestone on the road to the full-scale cleanup of the world’s oceans.

“Lynne and I are thrilled to support The Ocean Cleanup’s important goal of eliminating plastic in our oceans,” said Marc Benioff, chairman and CEO, Salesforce. “With Boyan’s innovative leadership, I believe The Ocean Cleanup will have an incredibly positive impact on the future of our oceans. I hope other leaders will join us in supporting these efforts.”

Boyan Slat, founder and CEO of The Ocean Cleanup, stated: “Our mission is to rid the world’s oceans of plastic, and this support is a major leap forward towards achieving this goal. Thanks to the generous support of these funders, the day we’ll be returning that first batch of plastic to shore is now in sight.”

Share this article

Follow Subsea World News

Events>

<< Jan 2018 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

Subsea Expo 2018

The largest wholly-focused subsea event in Europe, Subsea Expo is organised by industry body Subsea UK…

read more >

8th Myanmar Oil, Gas & Power Summit

The Myanmar Oil and Gas Summit is the longest established Oil & Gas event in Myanmar. Every year the event is attended by government…

read more >

European Gas Conference 2018

The European Gas Conference celebrated its tenth anniversary amid an air of increasing optimism following considerably shifting markets in the last few years…

read more >

SPE/IADC Middle East Drilling Technology Conference and Exhibition

The theme for this conference is “Building on Today’s Efficiencies for Tomorrow’s Market.” This will be the basis for the technical agenda…

read more >