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99% of the plastic we throw in the ocean has mysteriously disappeared

99% of the plastic we throw in the ocean has mysteriously disappeared

By Gwynn Guilford @sinoceros an hour ago

Though plastic was invented in the 1800s, it was really only around 1950 that the human-plastic love affair took off. And boy did it—the nearly 2 million tonnes (2.2 million tons) of plastic produced in 1950 had surged twentyfold in just two decades (by around the time a young Dustin Hoffman was advised to consider a future in plastics in The Graduate) (video).

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Since the 1970s, at least 0.1% of this plastic has ended up in the ocean. Conservative estimates put the amount of plastic bobbing around the ocean at 1 million tons (though it’s probably a lot more).

​Here’s the weird thing: It’s not there. Or at least, most of it isn’t. Scientists have found between 7,000 and 35,000 tons of plastic floating around the surface of the open ocean, according to a just-published study. In other words, 97-99% of that plastic trash has gone missing.

So where’d it go? Though it’s possible that sunlight is eroding it into nothingness, or that tiny pieces are washing back ashore, researchers are skeptical.

Read more at http://qz.com/228748/99-of-the-plastic-we-throw-in-the-ocean-has-mysteriously-disappeared/

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About bambooinnovator
KB Kee is the Managing Editor of the Moat Report Asia (www.moatreport.com), a research service focused exclusively on highlighting undervalued wide-moat businesses in Asia; subscribers from North America, Europe, the Oceania and Asia include professional value investors with over $20 billion in asset under management in equities, some of the world’s biggest secretive global hedge fund giants, and savvy private individual investors who are lifelong learners in the art of value investing. KB has been rooted in the principles of value investing for over a decade as an analyst in Asian capital markets. He was head of research and fund manager at a Singapore-based value investment firm. As a member of the investment committee, he helped the firm’s Asia-focused equity funds significantly outperform the benchmark index. He was previously the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. KB has trained CEOs, entrepreneurs, CFOs, management executives in business strategy, value investing, macroeconomic and industry trends, and detecting accounting frauds in Singapore, HK and China. KB was a faculty (accounting) at SMU teaching accounting courses. KB is currently the Chief Investment Officer at an ASX-listed investment holdings company since September 2015, helping to manage the listed Asian equities investments in the Hidden Champions Fund. Disclaimer: This article is for discussion purposes only and does not constitute an offer, recommendation or solicitation to buy or sell any investments, securities, futures or options. All articles in the website reflect the personal opinions of the writer.

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