Circulate Capital invests in “Prevented Ocean Plastic Southeast Asia” to expand recycling infrastruc
Circulate Capital, the Singapore-based investment management firm that finances innovations, companies, and infrastructure to prevent the flow of plastic waste into the world’s 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. This plastic waste collection and recycling company is pioneering and testing an innovative supply chain model for the management of plastic waste.
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. The company’s ambition is to develop a scalable and sustainable model that sets the standard for industry best practice in Southeast Asia