December 4, 2020

Butterfield-sponsored Seabin installed at Cayman Islands Yacht Club

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Grand Cayman—24 October 2017: A V5 Hybrid Seabin—The Caribbean’s first—has been installed at the Cayman Islands Yacht Club in West Bay thanks to the sponsorship of Butterfield Group, a Global Pilot Partner of the .

The Seabin is a floating rubbish bin designed to be placed at marinas, docks, yacht clubs and commercial ports as a part solution to the current global littering problem. Water is syphoned in from the surface and passes through the natural fibre catch bag inside the Seabin. The water is pumped back into the marina leaving litter and debris trapped in the catch bag to be disposed of properly.

The Cayman Islands Yacht Club is one of nine marinas participating under Global Pilot Partner sponsorships, which also has, or will have, Seabins installed in, Bermuda, San Diego (USA), Helsinki (Finland), Mallorca (Spain), La Grande Motte (France), Halifax (Canada) and the superyacht marina at Porto Montenegro.

During a press conference today, Michael McWatt, of Butterfield Bank (Cayman) Limited said, “As an offshore bank with our principal operations located on islands, we at Butterfield understand how closely tied the well-being of the economies and the people of our communities is to the ocean. The fortunes of our tourism products and the quality of daily life for all of us, depends on the health of the waters that surround us.”

As a Global Pilot Partner, Butterfield is also working with local environmental organisation, Plastic Free Cayman, and the Cayman International School’s Green Team to introduce the Seabin Project’s open-source education programmes in Cayman to increase awareness of the problem of ocean pollution among the islands’ school children.

Pete Ceglinski, Managing Director and Co-Founder of the Seabin Project said, “After nearly two years of work, it’s very exciting to see Seabin ocean tech and educational programmes being rolled out in communities around the world. The support of Butterfield has allowed us to install Seabins in several of its locations, and all of our Global Pilot Partners have helped us to be able to launch our commercial sales next month.”

Matt Bishop, Chief Operating Officer of Active Capital Limited said “we’re really thrilled to be able to give the Seabin a home here at the Cayman Islands Yacht Club and support the founders in their inspirational quest to clean up our oceans. We’re always looking for ways to innovate and provide a clean environment for visitors and residents at the Yacht Club as well as in the Cayman Islands in general – the Seabin will help us educate the community and create a better way of life for everyone.”

The Seabin Project is launching its global commercial sales to the public on Monday, 6 November 2017.

Butterfield
Butterfield is a full-service bank and wealth manager headquartered in Hamilton, Bermuda, providing services to clients from six jurisdictions: Bermuda, the Cayman Islands and Guernsey, where its principal banking operations are located; and The Bahamas, Switzerland and the United Kingdom, where it offers specialised financial services. Banking services comprise retail and corporate banking. Wealth management services are composed of trust, private banking, and asset management. In Bermuda and the Cayman Islands, Butterfield offers both banking and wealth management. In Guernsey, The Bahamas and Switzerland, Butterfield offers wealth management. In the UK, Butterfield offers residential property lending. Butterfield is publicly traded on the New York Stock Exchange (symbol: ) and the (symbol: NTB.BH). Further details on the Butterfield Group can be obtained from our website at: www.butterfieldgroup.com.

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Photo Caption:

(L-R) Matt Bishop, COO, Active Capital Limited; Catherine Healy, Account Manager, Butterfield Bank (Cayman) Limited; Michael McWatt, Managing Director, Butterfield Bank (Cayman) Limited, Peter Ceglinski, Co-Founder and Managing Director, The Seabin Project; Sascha Chapman, Project Operations Manager, The Seabin Project; Graham Peck, Marina Manager, Cayman Islands Yacht Club.

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