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Circulate Capital makes inaugural investments in plastic recyclers in India, Indonesia

Recycling Today

Circulate Capital, the Singapore-based investment management company focused on preventing plastic from leaking into the ocean and advancing the circular economy, has announced that the Circulate Capital Ocean Fund (CCOF) has made inaugural investments in two plastic recycling companies in India and Indonesia for a total investment of $6 million. The investment fund is dedicated to the ocean plastic crisis in South and Southeast Asia.

The $106 million CCOF is backed by PepsiCo, its first investor, Procter & Gamble, Dow, Danone, Unilever, The Coca-Cola Co., Chevron Phillips Chemical and Chanel, which commit capital and technical and procurement expertise to help the portfolio scale and drive maximum impact.

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