United States Announces $2.5 Billion Ocean Plastics Initiative

Tonight, Ivanka Trump shined a spotlight on a newly announced “$2.5 billion Ocean Plastics Initiative to reduce plastic waste, about 150 million tons of plastic in the world’s oceans, and marine debris in oceans and waterways.”

The U.S. International Development Finance Corporation (DFC) said Tuesday it aims to “catalyze $2.5 billion in infrastructure investments aimed at reducing the discharge of plastic waste and marine debris into oceans and waterways under its new Ocean Plastics Initiative.”

“The initiative seeks to catalyze private sector investment in projects that advance the development of efficient waste management, recycling, and other infrastructure projects in developing countries.”

“DFC’s Ocean Plastics Initiative seeks to catalyze private investment to address an urgent need to clean up and preserve our oceans and waterways,” said Chief Executive Officer Adam Boehler. “Our new initiative encourages investment in important waste management and recycling projects to support emerging economies, promoting economic growth and development.”

Currently, about 150 million tons of plastic are in the world’s oceans and it grows by 8 million tons each year, creating a challenge for the world’s environment and economies.  

A lack of capital for waste management infrastructure has been a major barrier to solutions for the problem, especially for developing countries. 

Capital is needed to support critical waste and recycling infrastructure that collects, aggregates, sorts, and manages waste.

The initiative will catalyze private sector investment in DFC-eligible emerging market countries by deploying DFC products such as equity financing, debt financing, political risk insurance, feasibility studies, and technical assistance.

Eligible projects include those related to waste management, waste removal, waste to energy, recycling, conversion, and the waste management or recycling value chain.

The initiative builds on their previous work to reduce ocean waste. Earlier this year, DFC provided a credit guaranty to impact investor Circulate Capital, which provides financing to small businesses working to prevent ocean plastic pollution. Tridi Oasis, a small business in Indonesia that recycles used plastic bottles into packaging materials and textiles, is the first investment supported under the guaranty.

DFC’s guaranty is helping Circulate Capital to mobilize $100 million in private investment to reduce plastic waste in oceans in Southeast Asia, and build value chains that convert waste into usable products while creating jobs.

To apply for financing under the initiative, please email oceanplastics@dfc.gov.

Environment Nature

Texans Jack & Dodie View All →

Raised in San Antonio, Jack Dennis’ early experiences were as a newspaper reporter and private investigator. With a Texas State University bachelor’s degree, Jack studied journalism, education and psychology. He was the founding vice-president of Sigma Delta Chi, the Association of Professional Journalists at the University. Jack has received numerous awards, including Investigative Reporter of the Year from Rocky Mountain Press Association, David Ashworth Community Award, and Leadership in Management.
Some of the people and groups Jack has interviewed include:
Elvis Presley, Merle Haggard, George Jones, Willie Nelson, B.B. King, George Strait, Roy Orbison, Justin Timberlake, Steven Tyler, Freddie Mercury, Kenny Rogers, Kenny Loggins, Jackson Browne, Steve Wariner, Tanya Tucker, Scotty Moore, Fats Domino, Patty Page, Tommy Roe, Emmy Lou Harris, Johnny Rivers, Charly McClain, Kinky Friedman, John McFee, Guy Allison & Patrick Simmons (Doobie Brothers) , Randy Bachman (BTO), Jim Messina, Todd Rundgren, Alvin Lee, Gary Puckett, The Ventures, Freddy Cannon, Augie Meyer, Christopher Cross, Whiskey Myers, Sha Na Na (John “Bowzer” Baumann), Flash Cadillac, Jerry Scheff, John Wilkinson, Darrell McCall, and more.
Politicians & News
George W. Bush, Bill Clinton, Jimmy Carter, Lady Bird Johnson, Greg Abbott, Rudolph Giuliani, Larry King, Jack Anderson, Tom Bradley, Connie Mack, and more.
Clint Eastwood, Mike Myers, Taylor Lautner, Cameron Diaz, Jerry Lewis, Eddie Murphy, Antonio Banderas, Julie Andrews, Selena Gomez, Tippi Hedren, James Earl Jones, James Woods, Jim Nabors, Martha Raye, Rosalind Russell, June Lockhart, John Cleese, Eric Idle, Howie Mandel, Meg Ryan, Cheri Oteri, Amy Poehler, Maya Rudolph, James Drury, Melanie Griffith, Nathan Lane, Alan Thicke, Lou Diamond Phillips, Clint Howard, Tony Sirico, Cesar Romero, Michael Berryman, Tracy Scoggins, William Windom, Warren Stevens and more.
Space Explorers
Buzz Aldrin, Alan Bean, Wally Schirra, Dave Scott, Gene Cernan, Walt Cunningham, Scott Carpenter, Gene Kranz (NASA Flight Director), Ed Mitchell, Richard Gordon, Bruce McCandless, Vanentina Treshkova (first woman in space, Russia), Alex Leonov (first man to walk in space, Russian), Al Worden, Dee O’Hara (nurse to astronauts) and more.
Sports: Joe Torre, Roger Staubach, Bob Hayes, Billie Jean King, Manuela Maleeva, Drew Pearson, Bob Lilly, Tim Duncan, David Robinson, George Gervin, Tony Parker, Shannon Miller, Cathy Rigby, Bruce Bowen, Wade Boggs, Fernando Valenzuela, Bernie Kosar, Dale Murphy, Jim Abbott, Dick Bartell, Mike Schmidt, Dan Pastorini and more.
May Pang, Bob Eubanks, Vernon Presley, Vester Presley, Charlie Hodge, Joe Esposito, Rick Stanley (Elvis’ step-brother, Harold Lloyd (Elvis’ first cousin), Doyle Brunson, Kara Peller, Hank Meijer, Norman Brinkler, Stanley Marcus, Jerry King, Mac King, Nathan Burton, Zach Anner, Louie Anderson, Owen Benjamin, Steve Byrne and more.

As head of Facilities for a major retailer (H-E-B Food/Drugs) for 20 years, Jack co-founded Professional Retail Store Maintenance Association (PRSM) and was elected President to establish PRSM magazine. Jack is a writer, speaker, golf-concierge and happiness coach. He has researched and studied happiness for over 40 years.
Jack was a prolific writer for Examiner.com, with over 1,900 articles written in six years. His articles and stories have appeared in AXS Entertainment, The ROWDY Country Music, Memphis Flash, and numerous magazines.

He is author of “Miracles of Justice,” a true courtroom drama novel about social injustice and miracles.

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