Press Releases

Srichakra Polyplast Commissions India’s First Food-Grade Plastic Recycling Facility

September 24, 2021

US$10 Million invested in world-class technology to upgrade and expand recycling capabilities

Srichakra Polyplast (Srichakra), a leading plastic recycling and waste management company, today announced the official commissioning of its upgraded facility, the first of its kind in India to produce food-grade quality recycled polyethylene terephthalate (PET) pellets. The company has also commissioned its new polyolefins recycling facility which can produce deodorized bottle-to-bottle grade quality polyolefin pellets. The company has invested more than US$10 million to strengthen its recycling capabilities, which allow it to offer the highest grade of recycled plastic to customers in India and global markets such as Europe and the United States.

Circulate Capital Announces First Close of New Climate Tech Fund

June 22, 2021

Circulate Capital Disrupt will Invest in Innovations in Materials and Deep Technology Solutions to Combat Plastic Waste and Advance the Circular Economy

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. Circulate Capital Disrupt (CCD), a companion strategy to the $106 million Circulate Capital Ocean Fund (CCOF I) launched in October 2019, will invest in targeted innovations in materials and deep technology solutions to combat plastic waste and advance the circular economy. 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.

Circulate Capital Identified as an Emerging Impact Manager to Watch on the ImpactAssets 50 (IA50) Global List

February 15, 2021

See the article here: https://www.linkedin.com/posts/impactassets_impactassets-50-2022-activity-6909499191438282752-08Js/

Circulate Capital invests to scale India’s circular economy for plastic waste – offers powerful blueprint to build back stronger 

December 15, 2020

Circulate Capital Invests to Scale India’s Circular Economy for Plastic Waste – Offers Powerful Blueprint to Build Back Stronger

Scaling and transforming India’s waste management and recycling value chain with catalytic capital

CCOF’s new portfolio companies are leading waste management and recycling companies that are disrupting the value chain in India.

​In concert, this portfolio aims to materially improve the industry by driving scale to address key systemic gaps and pain points within the waste ecosystem, such as fragmentation, lack of traceability and low quality of recycled materials through three key innovation strategies:

• Scaling upcycling to transform waste into value
• Scaling digitization
• Scaling collection and sorting in collaboration with cities

Major plastic recycler, Dalmia Polypro Industries (Dalmia), receives funding from Circulate Capital to strengthen India’s circular economy

December 10, 2020

With the fund infusion, Dalmia, whose high-quality products are used by global fashion and leading consumer brands, aims to triple its recycling capacity by 2025

Circulate Capital and Aavishkaar Capital invest US$18 million in Nepra Resource management, India’s largest dry waste management company

November 15, 2020

Nepra to expand capacity and geographic expansion to manage dry waste across the country, supporting local communities, cleaning up cities and protecting the environment

Aavishkaar Capital, the Impact Investing arm of the Aavishkaar Group, and Circulate Capital, an investment management firm dedicated to financing companies that prevent ocean plastic and advance the circular economy, have announced investments totaling US$ 18 Million in Series C Funding into Nepra Resource Management Private Limited (Nepra), India’s leading dry waste management company. Existing investor Aavishkaar Capital undertook a partial exit from its earlier fund, which had first invested in 2013 in the company, as a part of this round. Operating under the brand ‘Let’s Recycle’, Nepra has a unique model that focuses on dry waste recovery and recycling.

Circulate Capital announces inaugural investments that will help South and Southeast Asian SMEs to combat ocean plastic and weather the COVID-19 crisis

April 15, 2020

Invests US$6 million in two companies in India and Indonesia that recycle local plastic waste into useful products Investments in waste management value chains as essential services are critical to protecting local communities’ health and livelihoods

Circulate Capital, the Singapore-based investment management company focused on advancing the circular economy, today announced that the Circulate Capital Ocean Fund (CCOF), the world’s first investment fund dedicated to the ocean plastic crisis in South and Southeast Asia, has made its inaugural investments in two plastic recycling companies located in India and Indonesia for a total investment of US$6 million.

Circulate Capital closes US $106M Fund to Protect Asia’s Ocean from Plastic

December 4, 2019

World’s first investment fund dedicated to preventing ocean plastic in South and Southeast Asia

Biggest investment capital committed towards Asia’s ocean plastic crisis

First investments targeted in Asia by early 2020

Circulate Capital, the investment management firm dedicated to incubating and financing companies and infrastructure that prevent ocean plastic in South and Southeast Asia (SSEA), today announced the first close of the US$106 million Circulate Capital Ocean Fund (CCOF). It is the world’s first investment fund dedicated to address Asia’s plastic crisis and is also one of the ten largest ASEAN-based Venture Capital Funds in the market. CCOF’s founding investors are among the world’s leading companies, including PepsiCo (NASDAQ: PEP), the first investor, Procter & Gamble (NYSE: PG), Dow (NYSE: DOW), Danone (EPA: BN), Unilever (NYSE: UN), The Coca-Cola Company (NYSE:KO) and Chevron Phillips Chemical Company LLC.

Incubate, Measure and Amplify: The Circulate Initiative Launches Strategy to End Plastic Pollution and Build Thriving Circular Economies

October 15, 2019

Incubate, Measure and Amplify: The Circulate Initiative Launches Strategy to End Plastic Pollution and Build Thriving Circular Economies

Circulate Capital Announces Additional US$15 Million in Expected Funding To Combat Ocean Plastic in South and Southeast Asia

October 15, 2019

Chevron Phillips Chemical Will Join Circulate Capital’s Founding Corporate Investors to Fund Solutions in South and Southeast Asia

Circulate Capital, the investment management firm dedicated to incubating and financing companies and infrastructure that seek to prevent ocean plastic in South and Southeast Asia (SSEA), today announced that it expects to receive an additional US$15 million in funding from Chevron Phillips Chemical Company LLC for Circulate Capital’s strategy to combat ocean plastic. The company joins Circulate Capital’s founding investors which include several of the world’s leading consumer packaged goods and chemical companies. Circulate Capital announced the launch of its fund in the fall of 2018, and expects to make its first investment by the end of 2019.

Circulate Capital, USAID and Ocean Conservancy Announce Blended Finance Partnership to Combat Ocean Plastic Pollution

June 5, 2019

USAID will guarantee up to $35 million of loans made by Circulate Capital to incentivize private capital investment and advance development objectives in the recycling value chain in South and Southeast Asia

Circulate Capital, the investment management firm dedicated to incubating and financing companies and infrastructure that prevent ocean plastic in South and Southeast Asia (SSEA), today announced a blended finance partnership with the U.S. Agency for International Development (USAID) to combat ocean plastic pollution. Through this new agreement, USAID will provide up to a $35 million, 50% loan-portfolio guarantee through the Development Credit Authority (DCA) to incentivize private capital investment and new business development in the recycling value chain in South and Southeast Asia.

Circulate Capital and Ocean Conservancy Publish First-of-Its-Kind Investment Guide to Help Solve South & Southeast Asia Ocean Plastic Crisis Now

March 6, 2019

New Handbook Lays Out Infrastructure Needed to Attract Catalytic Investment Capital at Scale

Circulate Capital, the investment management firm dedicated to incubating and financing companies and infrastructure that prevent ocean plastic in South and Southeast Asia (SSEA), today released “Investing to Reduce Plastic Pollution in South and Southeast Asia: a handbook for action” (“handbook”), a guide aimed at catalyzing investment around immediate solutions to SSEA’s ocean plastic crisis. Circulate Capital made the announcement earlier today at The Economist World Ocean Summit in Abu Dhabi, UAE, and in partnership with Ocean Conservancy, a leading ocean protection nonprofit.