The Caribbean’s first marine waste reception and processing facility has been launched in the Bahamas.
Earlier this year, the Inter-American Development Bank (IDB) Lab launched a ‘Blue Tech Challenge’ for entities across the Caribbean that are applying new technologies or solutions to foster long-term sustainability of the ocean economy.
At the end of the competition in March, the Clean Marine Group Limited, a private early stage firm in Grand Bahama, was selected as a winner in The Bahamas.
Reduce marine pollution
The company uses a patented cavitation technology to process liquid wastes from marine vessels so that these vessels can comply with MARPOL (International Convention for the Prevention of Pollution from Ships) and thus reduce marine pollution in the Bahamas.
The IDB Lab announced the approval for the co-financing of a US$1.5 million loan for the expansion of the port reception and processing facility, along with US$276,000 to promote the creation of public goods that benefit the population and governing bodies of The Bahamas and the wider Caribbean through activities that help to improve the regulatory framework for MARPOL in the region.