Ocean Impact Organization’s investment boosts RiverRecycle Oy in becoming the largest river cleaning company globally
Helsinki/Sydney, 7.12.2022. The Australian organization aims to support and accelerate ocean impact businesses by offering mentoring and financial support. With a circular business model that provides river cleaning as a free service to communities in developing countries, RiverRecycle embodies the perfect match for their “Pollution and biodiversity protection” category.
RiverRecycle provides circular economy solutions to communities in developing countries to stop plastic pollution from entering the oceans through rivers. The solutions include technology to clean floating waste from waterways and recycle low-value plastics. This combination provides the communities with permanent jobs and increased economic opportunities by boosting the circularity of plastic waste.
Mr. Anssi Mikola, the founder and CEO of Riverrecycle, stated: “OIO has Introduced us to the Australian business community as well as the other members of the accelerator cohort. This, combined with having been selected for investment from among over 90 startups in the space of ocean health, has given us a valuable boost. We look forward to engaging with more cooperation between Australia and Finland to stop our oceans' pollution by increasing the circular economy in developing countries.”
Nick Chiarelli, Co-founder and CEO of Ocean Impact Organisation, commented: “We are thrilled to have River Recycle as one of our first portfolio startups through the Ocean Impact Accelerator Program 2022. River Recycle is achieving real positive ocean impact through their novel approach to river cleaning and recycling, and we are excited to support them as they plan to scale to more locations.”
RiverRecycle solution is designed as a transition model from land and river-based collection to fully functional land-based collection and segregation over time. This financially sustainable plastic waste collection associated with chemical and mechanical recycling solutions will benefit local communities and reduce ocean plastic pollution, creating an economically viable local venture combined with a high environmental impact.
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Contacts
Mr. Anssi Mikola, CEO of Riverrecycle
anssi.mikola@riverrecycle.com
tel. +358 400 453 612.
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About Riverrecycle Oy
About Riverrecycle
Riverrecycle Oy was founded in 2019 to create financially sustainable solutions to the plastic problem and deliver river cleaning as a free service to communities in developing countries. RiverRecycle is currently working on sustainable river plastic solutions in Indonesia, India, Bangladesh, Vietnam, Ghana, and the Philippines.
About Ocean Impact Organization
Ocean Impact Organization is an Australian ocean impact ecosystem and startup accelerator helping people to start, grow and invest in businesses that positively impact the ocean. OIO’s purpose is to transform ocean health through inspiration, innovation, and good business.
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Latest releases from Riverrecycle Oy
RiverRecycle and MMRDA, India, decide to move forward together at World Economic Forum in Davos17.1.2024 15:41:48 EET | Press release
RiverRecycle, a leading player in innovative waste management and river cleaning solutions, announced today that it has signed a Memorandum of Understanding (MoU) with the Mumbai Metropolitan Region Development Authority (MMRDA), Government of Maharashtra, India. The signing ceremony took place in Davos, during the World Economic Forum.
RiverRecycle Wins Prestigious Sustainability Act Award3.11.2023 09:44:17 EET | Press release
RiverRecycle Oy is proud to announce its recognition as the winner of the esteemed Sustainability Act Award assigned by Kasvu Open by a national jury and their main partner, Nordea. This is the oldest growth event in Finland with a large number of companies competing. RiverRecycle received the award yesterday evening at the KasvuOpen award ceremony.
RiverRecycle Hits One Million Kilogram Milestone in Waste Collection28.8.2023 15:36:41 EEST | Press release
A Finnish start-up, RiverRecycle Oy, has reached a significant milestone by collecting over a million kg of waste from rivers around the world. With operations spanning across India, Indonesia, the Philippines, Bangladesh and Ghana, the company is in the front line of the fight against plastic pollution in our planet's waterways.
RiverRecycle's Citarum Repair Project advances to a fully operational solution stopping plastic pollution in Indonesia.7.3.2023 09:22:31 EET | Press release
RiverRecycle, in partnership with Greeneration Foundation and Waste4Change, officially launched the Citarum Repair project to collect waste and reduce plastic pollution on the Citarum river.
RiverRecycle partners with APChemi and Pyrotask Energy in India10.2.2022 08:25:46 EET | Press release
RiverRecycle announced today that it partners with technology providers Agile Process Chemicals and plastic waste management company Pyrotask Energy. By embedding these partners’ technical capabilities related to pyrolysis of plastic waste into the operations, the project achieves full circularity and is reaching complete financial sustainability.
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