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.