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Singapore fund raises $106 million to tackle plastic pollution

Nikkei Asian Review

Public anger over the environmental damage caused by plastic waste is finally forcing consumer goods companies to take action, according to Rob Kaplan, whose Singapore-based Circulate Capital Ocean Fund has raised $106 million to invest in solutions to the issue.

Around 8 million tonnes of plastic enters the world's oceans every year, 60% of which comes from Asia, where rapid economic growth and consumption has outpaced countries' capacity to collect and manage waste.

While the problem of waste leaking out into the world's rivers and oceans is not new, a surge of news stories and disturbing images of marine creatures killed or maimed by plastic, amplified by social media, has begun to influence consumer behavior, Kaplan told Nikkei Asian Review.

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