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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
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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