BVRio helps waste picker cooperatives receive R$ 3.9 million in investment

BVRio assisted the cooperative Coopama in applying a social project approved in a recent public selection to add value to the solid waste disposal generated by Petrobras facilities in Rio de Janeiro, Brazil. Coopama has signed a memorandum of understanding (MOU) with BVRio to receive support from our circular economy team to implement an investment of $ 3.9 million Brazilian Reais, to be disbursed over the next three years.

The cooperative will use Circular Action’s KOLEKT app for online monitoring of the waste flow, contributing to the traceability, transparency and reliability of the disposal process.

Through this partnership, Petrobras (Petróleo Brasileiro S.A., which is a state-owned Brazilian multinational corporation in the petroleum industry headquartered in Rio de Janeiro, Brazil) aims to send recyclable and reusable solid waste generated by four Petrobras properties in the metropolitan region of Rio de Janeiro to three cooperatives in total included in the public call, which will receive together about 600 tons of reusable materials per year.

In addition to the materials, the cooperative will receive support from BVRio to implement the funds and invest in training and education, vehicles, sheds and equipment maintenance and environmental education actions.

In addition to actions for the appropriate disposal of collected waste, the same four Petrobras properties will also be served through the project ‘Cooperate to Recycle’ from Coopama. The cooperative will also provide a new training programme, waste flow and financial management, benefiting more than 150 cooperative members.

Pedro Succar, BVRio circular economy specialist, says the financial support will help increase the income of waste pickers. «With the injection of these funds, we are going to improve the working and living conditions of the members, buying more efficient equipment and offering basic courses, such as financial management, as well as woodworking courses open to the community.»

With information from Petrobras