Prevented Ocean Plastic Southeast Asia
Investment announced January 2022
Prevented Ocean Plastic Southeast Asia is an Indonesian plastic waste collection and recycling company that is pioneering an innovative supply chain model across Indonesia.
A unique partnership between PT Polindo Utama, Bantam Materials Ltd and Circulate Capital, Prevented Ocean Plastic Southeast Asia will set up best-in-class collection and recycling infrastructure to coastal communities across Indonesia that have limited or no collection today, to prevent plastic leakage and support local livelihoods.
This includes 12 new high-volume collection centres and three new aggregation centres to be established in coastal communities of Kalimantan and Sulawesi islands.
Prevented Ocean Plastic Southeast Asia will combine the unique strengths of each partner to deliver localized infrastructure providing certified and traceable premium quality recycled plastic to global markets, driving environmental, social and economic value from the bottle collector to the end consumer.