Press Releases

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.

Circulate Capital Announces US$90 Million in Expected Funding To Combat Ocean Plastic PepsiCo, Procter & Gamble, Dow, Danone, Unilever and The Coca-Cola Company Intend to Join Forces To Incubate and Invest in Solutions in South and Southeast Asia

October 15, 2018

PepsiCo, Procter & Gamble, Dow, Danone, Unilever and The Coca-Cola Company Intend to Join Forces To Incubate and Invest in Solutions in South and Southeast Asia

Circulate Capital, the investment management firm dedicated to incubating and financing companies and infrastructure that prevent ocean plastic, today announced that it expects to receive US$90 million in funding for its strategy to combat ocean plastic from several of the world’s leading consumer packaged goods and chemical companies, including PepsiCo (NASDAQ: PEP), the first investor; Procter & Gamble (NYSE: PG), Dow (NYSE: DWDP), Danone (EPA: BN), Unilever (NYSE: UN) and The Coca-Cola Company (NYSE:KO). Circulate Capital anticipates formalizing definitive agreements with these parties by early 2019.

Circulate Capital Launches Incubator Network to Accelerate Ocean Plastic Solutions at the Ocean Partnership Summit alongside the G7 Environment Ministerial Meeting

September 20, 2018

Initiative is supported by a new grant from the U.S. State Department

Halifax, CANADA, September 20, 2018 – Circulate Capital, the impact-focused investment management firm dedicated to financing companies, projects, and infrastructure that prevent ocean plastic (“Company”), and SecondMuse, a global business accelerator that works with local stakeholders, leading corporations and government agencies to build resilient economies , today announced the launch of The Incubator Network by Circulate Capital and SecondMuse (“The Incubator Network”), a new initiative to accelerate solutions to ocean plastic waste by partnering with existing incubators to build ecosystems of waste management and recycling innovators. The Company and SecondMuse developed The Incubator Network in partnership with Ocean Conservancy, a leading ocean protection nonprofit; it is supported by a new grant from the U.S. State Department. The Incubator Network’s first collaborative project, the Ocean Plastic Prevention Accelerator, is also supported by the Australian Government’s Department of Foreign Affairs and Trade.

Circulate Capital Announces RFP Process For South and Southeast Asia-Based Businesses Seeking Capital to Accelerate Ocean Plastic Solutions

July 19, 2018

Circulate Capital launch quote sheet

July 18, 2018

Circulate Capital Launches New Venture to Invest in Solutions to Ocean Plastic

July 18, 2018