What Might Full Circularity Mean for Europe? The company has invested in several African fintech startups, such as Kenyan ventures LipaLater, MarketForce, and Pezesha. All rights reserved. Over the past two years, Lucro has also cemented its position as a leading innovator in Indias recycling industry, implementing waste traceability software, SATMA CE, to bring transparency into the supply chain and increasing the market demand for new post-consumer recycled (PCR) packaging products through long-term agreements with top international brand names. CCOF announces five more investments in leading Indian companies, Srichakra Polyplast,Nepra Resource Management, Recykal,Ricron Panelsand Dalmia Polypro. Rob Kaplan, Founder and CEO of Circulate Capital, said, Difficult-to-recycle plastics like sachets, food packing and plastic wrap have remained a global challenge in the waste management and recycling sector. Circulate Capital has 1 strategic partners and customers. Read more, Circulate Capital officially launched at the Our Ocean Conference in Indonesia Circulate Capital Disrupt leverages the power of the Circulate Capital Ocean Fund - including impact measurement and inclusion of a gender lens. Adopting a circular economy framework in plastics and other materials like steel, aluminum, cement and food could help cut9.3 billion tonnesof greenhouse gases by 2050. CCOF I-B is backed by a number of distinguished international private investors, including Align Impact, Builders Vision, Benjamin Duncan Group, DF Impact Capital, Eden Impact, Huang Chen Foundation, Jebsen & Jessen, Minderoo Foundation, Rumah Group, North-East Family Office, SK2 Fund, Twynam Investments, the Woodcock Foundation, and Neil Yeoh of OnePointFive. Circulate Capital Disrupt's AUM climbs to $25 Million; Portfolio Includes Sustainable Fashion, Biotech & Smart Materials Enterprises Pioneering Innovative Solutions to Combat Plastic Waste. In June 2021, Circulate Capital announced a first close of CCD, a companion strategy to the $106 million Circulate Capital Ocean Fund (CCOF I), to invest in targeted innovations in materials and deep technology solutions to advance the circular economy. Regula is an experienced global professional with over 20 years of leadership, business development, project management, finance, and social enterprise/start-up expertise. Investor Connect: Regula Schegg of Circulate Capital. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Thanks to the support of its pioneer partner, Danone AQUA, the company currently operates two MRFs, one in Lamongan (East Java) and another one in Badung (Bali). We were created in collaboration with Ocean Conservancy, and our founding investors include PepsiCo, Procter & Gamble, Dow, Danone, Chanel, Unilever, The Coca-Cola Company and Chevron Phillips Chemical Company LLC. Adopting a circular economy framework in plastics and other materials like steel, aluminum, cement and food could help cut 9.3 billion tonnesof greenhouse gases by 2050. And theyre increasingly choosing to deploy capital to companies in the latter group. More specifically, extended producerresponsibility (EPR) policies, which are being implemented around the world, provide a hugeopportunity to further unlock the economic and environmental benefits ofrecycling. "The new fund leverages our partnerships with leading corporations and the existingAsia-based portfolio to invest and scale disruptive technologies that have the potential to deliver outsized financial and impact returns. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions. NextWave Plastics is a consortium of multinational technology and consumer brands. We were created in collaboration with Ocean Conservancy, and our founding investors include PepsiCo, Procter & Gamble, Dow, Danone, Chanel, Unilever, The Coca-Cola Company, Chevron Phillips Chemical Company LLC and Mondelz International. ACEs proprietary technology can recycle ULAB at room temperature in place of very high temperature conventional smelting, is more cost efficient, releases zero GHG emissions, reduces solid waste by 80%, and mitigates toxic lead pollution. This project has the potential to be a blueprint for best-in-class recycling and circular economy infrastructure across Southeast Asia.. The company is also setting up a commercial-pilot facility to recycle lithium-ion batteries utilizing a low temperature hydrometallurgy technology. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Confluence PartnersCindy Stoller, +1 917-331-0418[emailprotected], Baldwin Boyle GroupAndrew Compton, +65 9271 5507[emailprotected], Karis Everhart, +65 9754 9205[emailprotected], Pitchfork PartnersNitanshi Sharma, +91 70005 84756[emailprotected]. Circulate Capital is an investment management firm dedicated to the development of a circular economy to combat plastic pollution through investments in high growth opportunities at the nexus of climate-tech and plastics recycling infrastructure. , . In 2019 we launched the Circulate Capital Ocean Fund (CCOF I), the world's first investment fund dedicated to preventing ocean plastic waste in South and Southeast Asia through investments in catalytic opportunities in recycling and the circular economy that can generate competitive returns. The company was founded in 2015 and is based in Utrecht, Netherlands. Read more, CCOF invests its first US$6M in Indian Lucro and Indonesian Tridi Oasis, after intense due diligence and local data gathering. Number 8860726. Funds Raised With this investment, we hope to accelerate the deployment of ACEs technology and strong supply chain expertise across Southeast Asia to advance the polypropylene recycling market and disrupt the soon-to-be US$ 40 billion battery recycling industry while creating financial, environmental and social value. In partnership with the Reciki team and Danone AQUA, our co-investor, we believe Reciki can put our capital to work and accelerate becoming a best-in-class solution provider for many cities across Indonesia., And, we look forward to opportunities for our network of investors in CCOF, which include PepsiCo, Procter & Gamble, Dow, Danone, Chanel, Unilever, The Coca-Cola Company, Chevron Phillips Chemical and Mondelz International, to provide Reciki with technical and procurement expertise, as well as access to a global supply chain for even greater impact on the circular economy for plastics.. She also established a social enterprise in the Philippines, developing sustainable housing technologies, and establishing the production and construction of affordable housing solutions in collaboration with urban poor communities and civil society organizations in Southeast Asia. We believe our bespoke solution can transform Indonesias waste management industry, alleviate the countrys plastic pollution crisis, and deliver greater value from used materials in a way that empowers local communities to be part of the solution.. In 2019 we launched the Circulate Capital Ocean Fund (CCOF I), the world's first investment fund dedicated to preventing ocean plastic waste in South and Southeast Asia through investments in catalytic opportunities in recycling and the circular economy that can generate competitive returns. The company is also working with municipalities on ground to collect post-consumer waste from direct sources, alongside waste pickers, helping to improve supply while enabling the informal sector to earn more. For upcoming Events, check out https://tencapital.group/events/, For Feedback please contact info@tencapital.group. The Fund was created in partnership with leading global corporations, including PepsiCo, Procter & Gamble, Dow, Danone, Chanel, Unilever, The Coca-Cola Company, Chevron Phillips Chemical Company LLC and Mondlez International. You can read more about your cookie choices at our privacy policyhere. Deluxe has developed a scalable ecosystem for the collection of MLP by working with and paying a network of aggregators and small material recovery facilities (MRF) to collect and sort MLP waste. The new initiative is the culmination of more than two years of research by Circulate Capitals team and partners to understand the potential solutions in the LAC region. Singapore, 11 January 2022: Circulate Capital, the Singapore-based investment management firm that finances innovations, companies, and infrastructure to prevent the flow of plastic waste into the worlds oceans and advance a carbon neutral circular economy, today announced that the Circulate Capital Ocean Fund (CCOF) is investing in Prevented Ocean Plastic Southeast Asia. According to Circulate Capital's impact report released in the spring of 2021, by 2030, the firm expects that its current CCOF I portfolio will achieve the following environmental and economic impacts (projections based on extending current CCOF portfolio to full fund, as of January 2021): Circulate Capital Disrupt will benefit from the pipeline, diligence, and portfolio management systems of the Circulate Capital Ocean Fund - including impact measurement and inclusion of a gender lens. As all ULABs are contained in polypropylene (PP) cases, ACEs world-class solution prevents plastic leakage by formalizing the closed-loop recycling process and fully recovering the PP casings to produce new batteries. Circulate Capital plans to announce its inaugural investments for Circulate Capital Disrupt later this summer. IDB Lab, the innovation laboratory of the Inter-American Development Bank Group, Builders Vision, the impact platform founded by Lukas Walton, Chevron Phillips Chemical, Danone, Dow, Mondelz International, and Unilever have joined forces to pledge a total of US$65M to help scale solutions and support best-in-class recycling businesses across the LAC region. More specifically, Circulate Capitals supply chain strategy is working to solvechallenges in the recycling sector focused on developing ecosystems by closinggaps in local value chains in high-growth markets. Ocean Assets Institute (OAI) is a non-profit research group. Over 13 million tonnes of plastic pollution leakage prevented; Over 30 million tonnes of all waste properly managed; At least 17 million tonnes of CO2e avoided; and. Hence Circulate Capital's companion fundsone to address waste, the other to help drive sustainable solutions in the supply chain, Kaplan says. For eGuides check out: https://tencapital.group/education/ SINGAPORE, December 7, 2021 (Newswire.com) - Circulate Capital, the Singapore-based investment management firm financing high-growth opportunities at the nexus of climate-tech and plastics,. Phase Change Solutions a North Carolina-based global leader in manufacturing bio-based phase change materials that stabilize temperatures across a wide range of applications. Industry leaders are forming new, pre-competitive pacts and deals to build thefoundation for ecosystems that support a circular economy or a net-zeroroadmap . Read more, Mondelez International joins Circulate Capitals list of corporate investors. Polindos 20 years of experience on the ground in establishing and managing plastic collection and aggregation infrastructure; Bantam Materials access to premium markets and expertise in governance and traceability via its proven Prevented Ocean Plastic program; and. As a result, there is an opportunity to strengthen and scale the recycling value chain across the region. Founded by the development finance institutions (DFIs) of the G7 nations to shift more capital towards investments that empower women in developing countries, the 2X Challenge aims to deploy US$15 billion for gender-lens investment by the end of 2022, an ambitious new target set in 2021 after securing more than double its initial goal of US$3 billion. AboutCirculate CapitalCirculate Capital is an investment management firm dedicated to the development of a circular economy to combat plastic pollution through investments in high growth opportunities at the nexus of climate-tech and plastics recycling infrastructure. In 2019 we launched the Circulate Capital Ocean Fund (CCOF I), the world's first investment fund dedicated to preventing ocean plastic waste in South and Southeast Asia through investments in catalytic opportunities in recycling and the circular economy that can generate competitive returns. The firm also announced it has made three inaugural investments for CCD in U.S.-based innovators that implement solutions in the sustainable fashion, biotechnologies and smart materials sectors to combat plastic waste and climate change, while accelerating the transition towards a circular economy. Here are three areas where pre-competitive partnerships can deliver materialimpact. IDB Lab, the innovation laboratory of the Inter-American Development Bank Group, Builders Vision, the impact platform founded by Lukas Walton, Chevron Phillips Chemical, Danone, Dow, Mondelz International, and Unilever have joined forces to pledge a total of US$65M. CCOF I-Bs latest close brings Circulate Capitals total assets under management to US$165 million, making it the largest impact investment firm dedicated to fighting plastic pollution and advancing the circular economy in South and Southeast Asia. Proparco is proud to partner with Circulate Capital, whose significant track record and expertise on reduction of plastic waste leakage into the environment prepare them to maximize the impact of this fund.. Circulate Capital Disrupt Will Invest in Innovations in Materials and Deep Technology Solutions to Combat Plastic Waste and Advance the Circular Economy SINGAPORE - June 22, 2021 - (Newswire.com) Circulate Capital, the Singapore-based investment management firm financing high-growth opportunities at the nexus of climate-tech and plastics . Circulate Capital Announces First Close of New Climate Tech Fund, Subscribe to our Waste360 Sustainability Talks Newsletter, New Walmart Plans Will Reduce Packaging Waste for Online Orders, Nashville Proposes Ordinance for Construction, Demolition Recycling Minimums, How Hydroleap Tackles Tough Industrial Wastewaters, Heritage Interactive Services Changes Name to Envita Solutions, Divert Scales Food Waste Reduction Plans Across North America, New Technology Enables Paper Cup Recycling and Improves Food and Beverage Carton Recycling in Dallas. By creating a market for MLP waste, the company expects to divert 34,000 tons per annum of waste from incineration or landfills by 2025, helping pave the way to a circular economy in India. We are well on our path to be the first facility in India to offer premium food-grade rPET to domestic and global markets. Stella Tan, +65 9177 4692Stella.Tan@baldwinboyle.com, The Firm Also Announces Major Transaction Milestones, Validating Circulate Capital's Strategy to Advance the Circular Economy and Fight Plastic Waste, New Commitment to Recycling and Climate Tech Fund Intends to Catalyze Institutional Investment into Enterprises that Develop Solutions to Combat Plastic Waste in Asia, Circulate Capital Disrupt Will Invest in Innovations in Materials and Deep Technology Solutions to Combat Plastic Waste and Advance the Circular Economy. Ricron Panels, a Gujarat, India, based company launched in 2005, transforms plastic waste into durable materials that can be used to make furniture or as a plywood alternative in building construction. Our new strategy, Circulate Capital Disrupt, is a companion venture and private equity fund to CCOF that invests in disruptive technologies. We've detected you are on Internet Explorer. The Circulate Capital Ocean Fund (CCOF) is the worlds first investment fund dedicated to scaling organizations and SMEs transforming the waste management and recycling industry across South and Southeast Asia. Environmental sustainability is a complex, global challenge; but the materialsecosystem necessary to address all of the challenges within it are built on thelocal level, necessitating unique solutions. The company is based in Herlev, Denmark. The study also found that for every .1% increase in circularity score, a companys return risk-adjusted return prospects rose by .2%. By signing up you agree to receive content from us. Addressing the inefficiencies and capacity constraints of local landfills, Recikis model offers the potential for significantly increasing the volumes of waste recycled. They offer unique, scalable and disruptive technologies transforming the global plastics and recycling supply chain while offering the potential for competitive financial returns," said Rob Kaplan, CEO and Founder, Circulate Capital. Circulate Capital is an investment management firm dedicated to the development of a circular economy to combat plastic pollution through investments in high growth opportunities at the nexus of climate-tech and plastics recycling infrastructure. A homegrown Indian company, Lucro specializes in recycling difficult-to-manage post-consumer flexible plastic packaging and converting it into granules and high-value end products. As barriers to circularitycontinue to be dismantled at local, regional and global levels, it is integralthat public policy supports the transition to circularity to scale its benefits. Here are three areas where pre-competitive partnerships can deliver material impact. Investors are increasingly dividing investment prospects into two groups: Those that are part of the traditional linear economy in which products are created, used, and then disposed of; or the new sustainable circular economy. Sponsored Content/ This article is sponsored by Dow . , growing economies across Latin America and the Caribbean have advanced faster than their waste management and recycling infrastructures. We believe there is an opportunity to overcome and optimize the complex collection and sorting logistics in remote areas of Indonesia, and in doing so, deliver better income opportunities and incentive models that help mobilize informal waste collection and reduce the plastic that enters the ocean., Raffi Schieir, Director of Bantam Materials UK, said, Prevented Ocean Plastic Southeast Asia has the opportunity to deliver substantial impact for in need communities across Indonesia who have never had access to recycling infrastructure. Applying climate-tech innovations to the plastics crisis may be the key to finally stemming the tide, and presents climate-focused investors with the potential for meaningful financial and impact outcomes.". Job Description Company: Circulate Capital is an investment management firm dedicated to incubating and financing companies that prevent ocean plastic and advance the circular economy. 2023 InvestorConnect Is a program under the Texas Open Angel Network which is a 501(c3) non-profit dedicated to education on startup funding. Since Circulate Capitals initial investment in March 2020, Lucro has made strides towards advancing the circular economy in India, increasing its capacity to process waste by more than tenfold with the opening of eight new collection centres across the country. Throughout her corporate career, she held positions in corporate strategy, M&A, private equity, financial control, and business development. RPCK Rastegar Panchal served as legal counsel to the investments announced today by Circulate Capital. In June 2021, Circulate Capitalannounceda first close of CCD, a companion strategy to the $106 millionCirculate Capital Ocean Fund(CCOF I), to invest in targeted innovations in materials and deep technology solutions to advance the circular economy. Suzanne Biegel, founder of Catalyst at Large and global leader in gender-smart investing, said, Women have a critical role to play in climate change mitigation and adaptation. Cindy Stoller, +1 917-331-0418cstoller@confluencepartners.com, Baldwin Boyle Group IFCs investment includes an equity commitment of US$5 million from the Finland-IFC Blended Finance for Climate Change Program. AboutCirculate CapitalCirculate Capital is an investment management firm dedicated to the development of a circular economy to combat plastic pollution through investments in high growth opportunities at the nexus of climate-tech and plastics recycling infrastructure. Allowed HTML tags:

. Again, pre-competitive partnerships are offering a tangiblesolution. Singapore, December 7, 2021: Circulate Capital, the Singapore-based investment management firm financing high-growth opportunities at the nexus of climate-tech and plastics, recycling and the circular economy, announced today a second close of its climate tech fund, Circulate Capital Disrupt (CCD), bringing the strategys total AUM to $25 million. Circulate Capital Disrupt Will Invest in Innovations in Materials and Deep Technology Solutions to Combat Plastic Waste and Advance the Circular Economy. Financing for circularity Circulate Capital Disrupt leverages the power of the Circulate Capital Ocean Fund - including impact measurement and inclusion of a gender lens. Since 2019, assets in public equity funds dedicated to the circular economy grew 28-fold from US$300 million to almost US$9.5 billion by the end of November; bond investments are up 500% during that period; and the number of private equity funds are up more than 10-fold, according to the Ellen MacArthur Foundation, a United Kingdom-based non-profit group. There is already an increasing global demand for high-quality, traceable plastic as governments in Europe and international markets mandate the use of recycled plastic in packaging and products. Leadership: Women represent 60% of Circulate Capitals senior management, as well as 40% of the Investment Committee for CCOF. Finding Potential in Peers: The Importance of Pre-Competitive Partnerships, Circulate Capital Launches New Initiative with US$65M to Combat Plastic Pollution in Latin America and the Caribbean, The Three Ls Of Setting Up An Impact Fund: Location, Location, Location, Circ Raises $25M in Series B Extension Funding, US circular fashion startup Circ raises $25m from Singapores Circulate Capital, others. We were created in collaboration with Ocean Conservancy, and our founding investors include PepsiCo, Procter & Gamble, Dow, Danone, Chanel, Unilever, The Coca-Cola Company and Chevron Phillips Chemical Company LLC. The announcement can be found here. Many of these companies, based in Europe and the United States, have proven technologies and ambitions to expand into Asia where there is strong potential for impact and returns. According to a report , this investmentwould make recycling as accessible as garbage collection; double the packagingrecycling rate; and deliver a return of $30.8 billion over 10 years in wages,landfill savings and the value created by recycled materials. The new LAC initiative will focus initially on Brazil, Chile, Colombia, and Mexico and soon expand across the region. Our new strategy, Circulate Capital Disrupt, is a companion venture and private equity fund to CCOF that invests in disruptive technologies. current Managing Director, Regula M. Schegg, CBI websites generally use certain cookies to enable better interactions with. 2023 Circulate Capital LLC. Kaplan, Circulate Capital recently partnered with U.S. Agency for International Development on December 12, 2019. CCD is backed by international private investors including Builders Vision; Benjamin Duncan Group (UHNW Family Office); Circocean Ltd; DF Impact Capital; Eden Impact; Huang Chen Foundation; Minderoo Foundation; Rumah Group and Twynam Investments Ltd. CCDs first investments Arzeda, Circ (pre-B round), and Phase Change Solutionsrepresent some of todays most cutting-edge innovations that are disrupting a cross-section of supply chains and have proven technologies and ambitions to expand into Asia where there is strong potential for financial, environmental, and social returns. CCD's first US-based investments Arzeda, Circ, and Phase Change Solutionsrepresent some of today's most cutting-edge innovations that are disrupting a cross-section of supply chains and have proven technologies and ambitions to expand into Asia. In December 2021, Circulate Capital announced the US$25 million second close of CCOF I-B, which was followed by the June 2021 announcement of the CCOF I-B fund launch. Circulate Capital plans to announce its inaugural investments for Circulate Capital Disrupt later this summer. The companies are: "Our first three investments for Circulate Capital Disrupt are all at the forefront of climate tech and circular innovation. Circulate Capital Announces First Close of New Climate Tech Fund to Capture Opportunities at the Nexus of Climate Innovation . "The new fund leverages our partnerships with leading corporations and the existing Asia-based portfolio to invest and scale disruptive technologies that have the potential to deliver outsized financial and impact returns. U.S. The investment from CCOF will fund a network of 12 new high-volume collection centres and three new aggregation centres to be established in select coastal communities in need across Indonesia, with a particular emphasis on Kalimantan and Sulawesi islands. The Circulate Capital Ocean Fund is the worlds first investment fund focused on ocean plastics in South and Southeast Asia, created in partnership with leading global corporations, PepsiCo, Procter & Gamble, Dow, Danone, Chanel, Unilever, The Coca-Cola Company, Chevron Phillips Chemical Company LLC and Mondlez International. Srichakra is currently in conversations with multiple global fast-moving consumer goods companies regarding offtake agreements and expects to further increase capacity across its operations. Copyright 2023 CB Information Services, Inc. All rights reserved. With more than 124 million people 45 percent of Indonesias population living outside of the countrys economic centre in Java, and with more than 17,000 islands, its generally too expensive and difficult to collect waste from islands outside of the main population centers. All rights reserved. Last month, Circulate Capital added Mondelez International as an LP for their Circulate Capital Ocean Fund. They offer unique, scalable and disruptive technologies transforming the global plastics and recycling supply chain while offering the potential for competitive financial returns, said Rob Kaplan, CEO and Founder, Circulate Capital. In December 2021, Circulate Capital announced the $25m second close of CCOF I-B, which followed on the June 2021 announcement of the CCD strategy and CCOF I-B fund launch. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Learn more. She speaks about the state of investing in the circular economy and some of the challenges entrepreneurs and investors face. It manages the BlueImpact Initiative, connecting blue-chip SME investment opportunities with investors in developing markets. SINGAPORE, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Circulate Capital, the Singapore-based investment management firm financing high-growth opportunities at the nexus of climate-tech and plastics,. About Circulate Capital CCD also participates in select, high-growth investment opportunities via CCOF I across the recycling value chain in South and Southeast Asia that prevent plastic pollution and have a climate impact. We are thrilled to receive EFSAs positive scientific opinion which is considered as a global benchmark. By catalyzing more capital to scale solutions at the nexus of climate tech and circular plastics, we are seeking to put investment dollars to work to alleviate the 'code-red status' of our planet and stem the tide of the global plastic and climate crises," Kaplan added. In 2020, the company recycled 7,100 tons of MLP, making it one of the largest organized MLP recyclers in India. Mexico City May 23, 2023 Circulate Capital, a leading environmental impact investor advancing the circular economy for plastics in high-growth markets, announced today the launch of a new initiative to combat plastic pollution in Latin America and the Caribbean (LAC). Recikis model maximizes resources by working closely with local collection partners, resulting in cost reduction and retention of local players and jobs. In June 2021, Circulate Capital announced a first close of CCD, a companion strategy to the $106 million Circulate Capital Ocean Fund (CCOF I), to invest in targeted innovations in materials and deep technology solutions to advance the circular economy. Our corporate partners will also play a critical, strategic role in helping best-in-class recyclers to connect with global supply chains, and we look forward to their collaboration.. Registered in England and Wales. The new LAC initiative will focus initially on Brazil, Chile, Colombia, and Mexico and soon expand across the region. The announcement can be foundhere. We were created in collaboration with Ocean Conservancy, and our founding investors include PepsiCo, Procter & Gamble, Dow, Danone, Chanel, Unilever, The Coca-Cola Company, Chevron Phillips Chemical . This copy is for your personal, non-commercial use only. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. The new initiative is the culmination of more than two years of research by Circulate Capitals team and partners to understand the potential solutions in the LAC region. Circulate Capital has made 14 investments. By identifying climate innovations through the lens of the circular economy, CCD's pipeline comprises some of today's most exciting innovations that are disrupting a cross-section of supply chains and sectors from sustainable fashion to food waste to new materials. Circulate Capital is the leading circular economy investment management firm in high-growth markets. Circ, the circular fashion company whose revolutionary technology returns clothes to the raw materials from which they were made, raised over US$30 million in Series B funding backed by some of the largest international apparel companies and venture capital firms, including Inditex, Bill Gates-founded Breakthrough Energy Ventures (BEV) and Circulate Capital. The organization aims to decrease the volume of plastic litter entering the ocean by developing a global network of ocean-bound plastic supply chains. Circ is reducing the need and demand for natural resources and building a truly circular textile economy for the fashion industry. ACE Green Recycling is a global battery recycling technology company that has built the worlds only commercialized recycling process for used lead acid batteries (ULAB) that releases no greenhouse gas (GHG) emissions. As Deluxe expands, its infrastructure can be leveraged to build a circular multilayer plastics market and accelerate the development of the sector as new technology is deployed. The goal of this investment, which is part of Mondelz Internationals Sustainable Futures impact investing platform, is to enhance focus on the physical collection of flexible films lightweight, multi-layer plastics used by the snacking industry that have traditionally been more difficult to collect, sort, recycle and ultimately reuse. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Read more, 2023 Circulate Capital LLC. , . As its name indicates, the circular economy is a sustainable closed-loop model in which companies are committed to reusing, recycling, repurposing materials, with the goal of producing no waste. While EPR in the US is a relatively new phenomenon, similar legislation in theUK and Europe has supported an increase in recycling rates to upwards of80 percent in some cases. The results are encouraging, as capacity has increased more thantenfold making Lucro the largest supplier of PCR flexible plastic products tothe fast-moving consumer goods, food and beverage, retail, fashion, automotiveand electronics industries in India. Commenting on the announcement, Daniel Law, CEO, Polindo, said, We are proud to take our long-term partnership with Bantam Materials to the next level thanks to Circulate Capitals support. 72 percent of Indonesias total plastic pollution originates in rural regions and small-to medium-sized cities, yet collection rates in rural and remote regions are only 20 percent or less . We partner with global brands and institutional investors to invest into solutions that. Circulate Capital established as an impact-focused investment management firm. One recent and ongoing project that the fund oversees is a partnership betweenDow and India-based recyclerLucro ,which converts hard-to-recycle flexible plastics and films into post-consumermaterials. Moreover, FSSAIs release of guidelines for acceptance of rPET for food applications in India is an exciting development and we are looking forward to contributing to building circular supply chains in India., Rob Kaplan, CEO and Founder of Circulate Capital which invested in Srichakra in December 2020, commented, This is a tremendous achievement for Srichakra that underscores its leadership in accelerating the circular economy for plastics in India. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. As a strategic investor in Srichakra through the Circulate Capital Ocean Fund, we are excited to support their growth journey.. "It's time for Circulate Capital to strengthen our strategy to fight ocean plastic by also investing upstream to capture a range of exciting investment opportunities at the nexus of climate-tech and plastics that can help us take recycling into the next century," said Rob Kaplan, CEO and Founder, Circulate Capital. Moreover, Recikis model is uniquely scalable for Indonesia, where a templated model cannot adequately address the specificities of individual cities. Circulate Capital is focused as much on improving livelihoods as it is on generating returns and solving the ocean plastic pollution issue., Were proud to be recognized by the 2X Challenge for our efforts to date and excited to launch our Gender Smart Investment Strategy, a natural evolution of our investment philosophy. Industry leaders are forming pre-competitive pacts and deals to build ecosystems that support a circular economy or a net-zero roadmap. Arzeda, for instance, recently partnered with Unilever to design new enzymes with superior sustainability and performance benefits for cleaning and laundry products. Beyond financing, Circulate Capital and its partners provide mentoring and technical support to recycling companies to help them reach global quality standards and gain access to global supply chains. Regula can be contacted at rschegg@circulatecapital.com, and on LinkedIn at www.linkedin.com/in/regula-m-schegg. Submitters are 7x more likely to receive a qualified connection. Singapore, December7, 2021: CirculateCapital, theSingapore-basedinvestmentmanagementrmnancinghigh-growthopportunitiesatthenexusofclimate-techandplastics, recyclingandthecirculareconomy, announcedtodayasecondcloseofitsclimatetechfund, CirculateCapitalDisrupt(CCD), bringingthestrategy'stotal AUMto$25million. U.S. His firm projects that by 2030, Circulate Capitals impact will include over 13 million tons of plastic diverted from the oceans, 17 million tons of greenhouse gasses avoided and over 17,000 new jobs created. Singapore-based venture capital firm Circulate Capital has made a second close of its new fund targeting plastic waste and the circular economy, according to an announcement. Created in partnership with leading global corporations including PepsiCo, Procter & Gamble, Dow, Danone, Chanel, Unilever, The Coca-Cola Company, Chevron Phillips Chemical Company LLC and Mondlez International, Circulate Capital has committed to investing half of its US$112 million Circulate Capital Ocean Fund (CCOF I) into India, and today has the largest portfolio dedicated to fighting plastic pollution and advancing the circular economy in the country. our sites and services. Headquartered in Singapore and founded in 2018, Circulate Capital is an investment management firm dedicated to the development of a circular economy to combat plastic pollution through investments in high-growth opportunities at the nexus of climate-tech and plastics recycling infrastructure. As a result, there is an opportunity to strengthen and scale the recycling value chain across the region. Lines and paragraphs break automatically. There is an ever-growing body of evidence that identifies the benefits gender equality offers for economic development and addressing climate change. Rob Kaplan, Founder and CEO of Circulate Capital, said, Car batteries are a hidden contributor to plastic pollution as so many are recycled in ways where the plastic cases are burned, dumped or informally recycled, posing serious environmental and health costs to local communities. Jun 23, 2021 Circulate Capital, the Singapore-based investment management firm financing high-growth opportunities at the nexus of climate-tech and plastics, recycling and the circular economy,. https://www.barrons.com/articles/future-returns-investment-opportunities-in-the-circular-economy-01640101461. Singapore, April 26, 2022 Circulate Capital, the Singapore-based investment management firm financing high-growth opportunities at the nexus of climate-tech and plastics, recycling and the circular economy, announced today that the European Investment Bank (EIB) has committed up to $20 million to the Circulate Capital Ocean Fund I-B (CCOF I-B), which invests both into disruptive innovations aligned with Circulate Capital Disrupt (CCD), the firms climate-tech strategy, and into the South and Southeast Asia recycling value chain, alongside the firms $112m Circulate Capital Ocean Fund (CCOF I). With CCOF poised to deploy at least $50 million in the next two years, the Gender Smart Investing Strategy aims to strengthen the performance of our portfolio while ensuring portfolio companies are attractive and safe places for all, including women, to work and thrive. It recovers and distributes almost all materials: high-value plastics, low-value plastics, organic waste and other recyclables, to achieve effective management of waste streams that advance plastics circularity. Furthermore, Recikis expansion is expected to support the creation of over 400 safe, stable, and dignified jobs within the formal sector, paving the way for the formalization of informal sector workers. "Ultimately, this will help us accelerate the development of a circular economy for plastic waste globally, with a focus in emerging markets like South and Southeast Asia where most of the plastic waste leaks into the world's oceans.". Auvergne-Rhne-Alpes has become established as France's second most important economic region and Europe's fifth most important region in terms of wealth creation. ImpactAlpha, June 24 - Singapore-based Circulate Capital has been investing in recycling and waste reduction efforts to keep plastic out of oceans and waterways since 2019 via its $106 million Circulate Capital Ocean Fund. SINGAPORE, April 26, 2022 (GLOBE NEWSWIRE) -- Circulate Capital, the Singapore-based investment management firm financing high-growth opportunities at the nexus of climate-tech and plastics,. (CCOF I-B), which invests both into disruptive innovations aligned with Circulate Capital Disrupt . By catalyzing more capital to scale solutions at the nexus of climate tech and circular plastics, we are seeking to put investment dollars to work to alleviate the 'code-red status' of our planet and stem the tide of the global plastic and climate crises," Kaplan added. Their new strategy, Circulate Capital Disrupt, is a companion venture and private equity fund to CCOF that invests in disruptive technologies. Rob Kaplan , founder and CEO of Circulate Capital . The work in Kansas City is not an anomaly. Expansion is expected to provide employment opportunities for over 100 new recycling and waste management workers. Investors motivation to align capital with their values has been growing for years as a sense of urgency mounts to solve global environmental problems. The Ocean Cleanup is a non-profit organization that develops technologies to rid the world's oceans of plastic. According to DFC Vice President of Development Credit, Jim Polan, Circulate Capital Ocean Funds investment in Reciki is precisely the type of private investment that the DFC is interested in catalyzing. For Investors check out: https://tencapital.group/investor-landing/ The companys ambition is to develop a scalable and sustainable model that sets the standard for industry best practice in Southeast Asia by leveraging: Circulate Capitals strategic investment and expertise in scaling innovation and driving growth. SINGAPORE, June 22, 2021 /PRNewswire/ -- Circulate Capital, the Singapore -based investment management firm financing high-growth opportunities at the nexus of climate-tech and plastics,. In April 2022, Circulate Capital announced an expected commitment to be made later this year by the European Investment Bank (EIB), which will invest up to US$20 million in CCOF I-B. In particular, we want to support projects aiming at reducing pollution, by recycling and re-using plastics, so that we can ensure a better future for all. "Ultimately, this will help us accelerate the development of a circular economy for plastic waste globally, with a focus in emerging markets like South and Southeast Asia where most of the plastic waste leaks into the world's oceans.". A follow-on co-investment by CCOF I-B and CCOF I in current Asia Recycling Supply Chain portfolio company Lucro Plastecycle Private Limited (Lucro), a homegrown Indian manufacturer that specializes in recycling difficult-to-manage flexible plastic packaging and is rapidly evolving into a material-sciences company. from 8 AM - 9 PM ET. COP26 and the most recent United Nations Intergovernmental Panel on Climate Change (IPCC) report underscored the urgency for moving capital towards solutions that can help mitigate the devastating effects from climate change. By broadening the scope of its investment focus with the new fund, Circulate Capital will accelerate its mission of developing a circular economy for plastic. Singapore, 3 March 2022: Circulate Capital, the emerging market investment management firm that finances innovations, companies and infrastructure that scale solutions to the plastic pollution and climate change crises, announced today it has qualified for the 2X Challenge, in recognition of its significant commitment to womens economic empowerment. SINGAPORE, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Circulate Capital, the Singapore-based investment management firm financing high-growth opportunities at the nexus of climate-tech and plastics, recycling and the circular economy, announced today a second close of its climate tech fund, Circulate Capital Disrupt (CCD), bringing the strategy's total AUM to $25 million. New York-based Closed Loop Partners, a venture capital firm, invests in start-ups such as Dimpora, which makes sustainable membranes to waterproof clothing, and surpassed its $50 million capital target in December. In contrast, when governments act in concertwith the entire value chain from civil society to financiers committing tothe same exponential goals, we decrease risks while developing coalitions oflike-minded partners that are more capable of success. For more episodes from Investor Connect, please visit the site at: http://investorconnect.org, Check out our other podcasts here: https://investorconnect.org/ Circulate Capital Announces Second Close for Climate Tech Fund and Inaugural Investments in Three US-Based Tech Innovators, Subscribe to our Waste360 Sustainability Talks Newsletter, New Walmart Plans Will Reduce Packaging Waste for Online Orders, Nashville Proposes Ordinance for Construction, Demolition Recycling Minimums, How Hydroleap Tackles Tough Industrial Wastewaters, Heritage Interactive Services Changes Name to Envita Solutions, Divert Scales Food Waste Reduction Plans Across North America, New Technology Enables Paper Cup Recycling and Improves Food and Beverage Carton Recycling in Dallas. By broadening the scope of its investment focus with the new fund, Circulate Capital will accelerate its mission of developing a circular economy for plastic. We are proud to partner with Circulate Capital to scale our operations and our impact. Circulate Capital increases its commitment to Indonesia plastic pollution prevention with new investment into Reciki and Prevented Ocean Plastic Southeast Asia. Over a 10-year period, the venture estimates it will help prevent 400,000 tonnes of plastic from entering the ocean, avoiding 800 000 tonnes of GHG emissions while also creating 1,000 direct jobs and supporting new income opportunities for thousands of bottle collectors. Whats driving our optimism for recovery and success in advancing the circular economy is that we have esteemed partners who acknowledge the critical situation and have committed to develop the local and regional solutions we need to reform our plastic waste value chain, said Ernesto Hanhausen, Circulate Capitals Partner for Latin America and the Caribbean. The announcement can be foundhere. Published 7 hours ago.About a 5 minute read. Our new strategy, Circulate Capital Disrupt, is a companion venture and private equity fund to CCOF that invests in disruptive technologies. Theseprivate-sector unions can help finance the development of recycling ecosystems,build recycling infrastructure and advance effective public policy. Rather than a niche within environmental social and governance (ESG) investing, the circular economy is a lens through which investment prospects can be sized up, says Rob InIndonesia, on the other hand, underdeveloped waste-management infrastructuremakes collection difficult. The business world is at an inflection point. In order to advance the circular economy and mitigate the negative effects of plastic pollution on climate change, we need to scale investment dollars into this sector immediately. Currently, 40 million US households need more equitable access to recyclinginfrastructure at the collection phase. The 2X qualification is the first milestone in Circulate Capitals Gender Smart Investing Strategy, which has been developed with USAID via its INVEST mechanism an initiative that mobilizes private capital for better, more sustainable development results. CCD is backed by international private investors including Builders Vision; Benjamin Duncan Group (UHNW Family Office); Circocean Ltd; DF Impact Capital; Eden Impact; Huang Chen Foundation; Minderoo Foundation; Rumah Group and Twynam Investments Ltd. CCD's first investments Arzeda, Circ (pre-B round), and Phase Change Solutionsrepresent some of today's most cutting-edge innovations that are disrupting a cross-section of supply chains and have proven technologies and ambitions to expand into Asia where there is strong potential for financial, environmental, and social returns. These temperature control and energy-efficient solutions have lower carbon footprints and more circular end-of-use fates than petroleum-based competitors. Manufacturing accounts for 18.3% of the region's value added and provides employment for . All rights reserved. If you like this post, please share it along: You can visit Circulate Capital and sign up for their newsletter at, www.linkedin.com/company/circulatecapital/. Copyright 2023. Deluxe currently employs 150 full-time employees and up to 140 contract laborers, ensuring appropriate employment arrangements and contributions to pension funds. These temperature control and energy-efficient solutions have lower carbon footprints and more circular end-of-use fates than petroleum-based competitors. Together with our existing investment in Lucro Plastecycle, the companies exemplify what we think is possible in India, as well as the value we strive to add with our investment and partnership model. Andrew Compton, +65 9271 5507andrew.compton@baldwinboyle.com, Karis Everhart, +65 9754 9205karis.everhart@baldwinboyle.com, Pitchfork Partners CCOF I-B is targeting a total raise of USD$80 million and is therefore in consideration with other investors, as recently disclosed by the International Finance Corporation (IFC). Prevented Ocean Plastic Southeast Asia will combine the unique strengths of each partner to deliver localized infrastructure providing certified and traceable premium quality recycled plastic to global markets, driving environmental, social and economic value from the bottle collector to the end consumer. The announcement can be found here. We are excited to support them as they expand their world-class operations to meet the growing demand for sustainable packaging solutions.. The close brings the assets under management of the fund, Circulate Capital Disrupt (CCD), to a total of $25 million. The company is looking to rapidly scale its business by setting up 10-15 new recycling facilities, licensing improved technology to existing players, and partnering with them worldwide, including in Southeast Asia. Yet, capturing growth and new market share, in step with sustainability, isdependent on transforming business models with unexpected players includingpeer competitors. Through the investment made by CCOF, Reciki plans to set up several more facilities across Indonesia, with the ambition to process more than 1,000 tonnes of waste per day. Toward circularity The companies are: Our first three investments for Circulate Capital Disrupt are all at the forefront of climate tech and circular innovation. The energy required to heat water contributes to carbon emissions. Assets in environmental, social, and governance (ESG) investments have grown from US$22.8 trillion in 2018 to more than US$35 trillion last year, and on track to hit US$50 trillion in 2025, according to the Global Sustainable Investment Alliance based in Washington D.C. This will replicate Recikis highly efficient system that processes at least six times more waste than similar services on the market in 2020. press release distribution service at Newswire.com, Saudis Shoulder Burden of Stabilizing Oil Market With Extra Cuts, Financial advisers lean into AI to work better and faster, Greek authorities rescue 91 migrants from river islet on border with Turkey, McCarthy lauds debt US ceiling deal, House conservatives divided, OPEC+ Latest: Saudis Unveil Extra 1 Million Barrel Cut. "Our first three investments for Circulate Capital Disrupt are all at the forefront of climate tech and circular innovation. Auvergne-Rhne-Alpes, rgion of east-central France created in 2016 by the union of the former rgions of Auvergne and Rhne-Alpes. Through the EIBs Climate Bank Roadmap and Clean and Sustainable Ocean Programme, we are committed to investing in climate action and environmental sustainability around the World. The companys trademark Plast-E-Cycle process sets new standards for the industry and helps to close the loop in plastic usage. The companies are: "Our first three investments for Circulate Capital Disrupt are all at the forefront of climate tech and circular innovation. The firm has also recently achieved key milestones across its portfolio, including: The race to unlock the investment potential of the circular economy is heating up, said Rob Kaplan, CEO and Founder, Circulate Capital. It invests in small to medium enterprises that are working towards the production of safe, accessible aquatic life, such as fish, shellfish, and plants. Seven Clean Seas is an environmental service organization that operates ocean clean-up operations. In addition, CCD will participate in select, high-growth investment opportunities across the waste management and recycling value chain in South and Southeast Asia, alongside CCOF I, that prevent plastic pollution by the tons and have a climate impact. CCOF I-Bs support includes US$10 million from IFC, a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets, and US$5.6 million from Proparco, a subsidiary of Agence Franaise de Dveloppement (AFD) devoted to private-sector financing. It specializes in conservation finance, responsible investment, seafood finance, port infrastructure finance, offshore energy finance, and more. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your. Investors are increasingly dividing investment prospects into two groups: Those that are part of the traditional linear economy in which products are created, used, and then disposed of; or the new sustainable circular economy. CCD also participates in select, high-growth investment opportunities via CCOF I across the recycling value chain in South and Southeast Asia that prevent plastic pollution and have a climate impact. Investing in the circular economy is increasingly viewed as a way to further the E in ESG. Circulate Capital published the findings of this research in its recent report, Reducing plastic pollution in Latin America: A Handbook for Action, which revealed that the LAC region is primed for businesses and the private sector to transform the plastic waste value chain. The additional capital is expected to allow the company to triple its capacity in order to meet the growing demand for its products. A unique partnership between PT Polindo Utama (Polindo), Bantam Materials Ltd (Bantam Materials) and Circulate Capital, Prevented Ocean Plastic Southeast Asia commits to strategically expand recycling infrastructure to underserved communities across Indonesia to prevent plastic leakage and support local livelihoods. And the Boulogne-Billancourt, France-based car maker Renault has opened the first auto manufacturing plant dedicated to circular practices, such as remaking components and using recycled plastics. ImpactAlpha, December 8 Singapore-based Circulate Capital's Disrupt fund made its first investments in Arzeda, a Seattle-based biotech company that develops healthy and sustainable products; Danville, Va.-based Circ, whose recycling technology returns clothes to the raw materials from which they were made; and Phase Change Solutions, an Asheboro, N.C.-based biotech company developing . We aim to substantially contribute to making battery recycling sustainable and preventing dangerous pollution to local communities., Vipin Tyagi, CTO and Co-Founder, ACE Green Recycling said, ACE has disrupted the lead recycling industry via electrification of lead metal extraction from ULABs and is rapidly progressing to solve the lithium-ion battery recycling issues. `` By blending private and public sector capital , our partnership with US Agency for International Development will accelerate and expand the magnitude of the impact we can achieve beyond anything we could do separately , '' said Mr. It was founded in 2017 and is based in New York, New York. We partner with global brands and institutional investors to invest into solutions that catalyze systems change across the globe. requisitioners' call for board overhaul could disrupt operations after recent financial turnaround. Im pleased that Circulate Capital has been recognized as one of these leading organizations and look forward to working together to demonstrate how gender diversity supports business performance in partnership with its portfolio companies.. Read more, Tridi Oasis partnered with ALBA Group Asia, a leading global recycling specialist and environmental services provider. The citys previous opt-in recycling system required residents to purchase oruse their own 32-gallon recycling bins; the new program uses 65-gallon rollingcarts, which are made from 1.2 million pounds of plastic donated by Dow. As highlighted by the United Nations, growing economies across Latin America and the Caribbean have advanced faster than their waste management and recycling infrastructures. Circulate Capital Connect to CRM Summary Financials Investments People Technology Signals & News Similar Companies Highlights Funds 3 Funding Circulate Capital has raised a total of $146M across 3 funds, their latest being Circulate Capital Disrupt Fund. Mumbai, March 10, 2022: Srichakra Polyplast (Srichakra), Indias first food-grade quality plastic recycling company announced today that its recycled polyethylene terephthalate (rPET) has received a positive safety assessment from the European Food Safety Authority (EFSA). site you are consenting to these choices. Last month, Circulate Capital added Mondelez International as an LP for their Circulate Capital Ocean Fund. Web page addresses and e-mail addresses turn into links automatically. This investment will create almost 400 safe and stable jobs while at the same time preventing plastic waste from reaching the ocean and avoiding carbon emissions into the atmosphere.. These enterprises include Arzeda, Circ, Phase Change Solutions, and Recykal they represent some of todays most cutting-edge innovations that are disrupting a cross-section of supply chains and have proven technologies and ambitions to expand in Asia where there is strong potential for financial, environmental, and social returns. Circulate Capital is working with global impact investment advisory firms Sagana and Catalyst at Large to support CCOFs portfolio companies in developing action plans to support gender awareness and inclusivity across their operations, including leadership and career progression, quality employment, and products and services that enhance womens economic participation. This partnership will enable us to develop waste collection infrastructure to meet the growing demand for traceable plastic while also supporting in need communities outside of Java. Circulate Capital, the Singapore-based investment management firm financing high-growth opportunities at the nexus of climate-tech and plastics, recycling and the circular economy, today announced a $14 million first close of its new venture capital fund. The move by Indian authorities signals a policy shift that will enable bottle-to-bottle recycling and will help build local circular supply chains. "COP26 and the most recent United Nations' Intergovernmental Panel on Climate Change (IPCC)reportunderscored the urgency for moving capital towards solutions that can help mitigate the devastating effects from climate change. SINGAPORE -Circulate Capital, the Singapore-based investment management firm financing high-growth opportunities at the nexus of climate-tech and plastics, recycling and the circular economy, announced today a second close of its climate tech fund, Circulate Capital Disrupt (CCD), bringing the strategy's total AUM to $25 million. The 2X Challenge allows more capital to be directed to the organizations that are leading the charge in womens empowerment in developing countries, which encompass those most at-risk from the effects of climate change. An error has occurred, please try again later. "COP26 and the most recent United Nations' Intergovernmental Panel on Climate Change (IPCC)report underscored the urgency for moving capital towards solutions that can help mitigate the devastating effects from climate change. Circulate Capital Disrupt Will Invest in Innovations in Materials and Deep Technology Solutions to Combat Plastic Waste and Advance the Circular Economy SINGAPORE - June 22, 2021 - (Newswire.com) Circulate Capital, the Singapore-based investment management firm financing high-growth opportunities at the nexus of climate-tech and plastics . Number 8860726. Phase Change Solutions - a North Carolina-based global leader in manufacturing bio-based phase change materials that stabilize temperatures across a wide range of applications.

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