The Jakarta Post
Author: Eisya A. Eloksari
Indonesian recycling company Prevented Ocean Plastic Southeast Asia has received an undisclosed amount of funding from Singapore-based investment management firm Circulate Capital for establishing a network of 12 new high-volume collection centers and three new aggregation centers.
The new plastic waste management centers are to be located in coastal communities that have limited or no collection facilities across Indonesia, with a particular focus on the islands of Kalimantan and Sulawesi.
Prevented Ocean Plastic is a joint venture between Indonesia’s recycled plastic flakes manufacturer PT Polindo Utama, the United Kingdom’s recycled plastic bottle materials distributor Bantam Materials UK Ltd. and Circulate Capital.