New Impact Investment Management Firm to Finance Regional Waste Management and Recycling Solutions That Remediate and Prevent Ocean Plastic
NEW YORK, July 19, 2018 /PRNewswire/ -- Circulate Capital, the investment management firm dedicated to financing companies, projects, and infrastructure that prevent ocean plastic, today announced a Request For Proposal (RFP) process for businesses seeking capital to accelerate solutions to the oceans plastic problem. Led by Rob Kaplan, co-founder of Closed Loop Partners, Circulate Capital will invest in South and Southeast Asia-based entities in the solid waste management and recycling sector that remediate the flow of mismanaged plastic to the world's ocean.
Circulate Capital is the recently formed impact investment firm launched in partnership with Closed Loop Partners, a firm that invests in sustainable consumer goods, advanced recycling technologies and the development of the circular economy, and Ocean Conservancy, a leading nonprofit environmental advocacy organization working to protect the world's ocean, and is backed by leading intergovernmental organizations, associations, and many of the world's largest consumer product goods and chemical companies, including 3M, The Coca-Cola Company (NYSE:KO), Kimberly-Clark (NYSE: KMB), Dow (NYSE: DWDP), PepsiCo (NASDAQ: PEP), Partnerships in Environmental Management for the Seas of East Asia (PEMSEA), Procter & Gamble (NYSE: PG), American Chemistry Council, and the World Plastics Council, which provided seed capital alongside the founding partners.
Asia and Southeast Asia Investment Focus
The company is looking to invest in South and Southeast Asia-based entities in the solid waste management and recycling sector that remediate the flow of mismanaged plastic to the world's ocean.
Ocean plastic presents an enormous challenge to South and Southeast Asian areas in particular. A 45% improvement in plastic leakage is possible by improving waste management and recycling in China, Indonesia, Vietnam, Thailand and the Philippines.
"South and Southeast Asian countries produce the most plastic waste, but largely because they lack the necessary waste infrastructure to manage the problem," said Rob Kaplan, founder and CEO of Circulate Capital. "Financing innovative local companies that are working to address the challenge is a critical step to reducing the flow of ocean plastic and also key to improving economic development and public health outcomes."
RFP DETAILS
We invite investment proposals from entities operating in the collection, sorting and processing, or recycling and end market segments of the waste management supply chain.
The Company is principally interested in opportunities in five countries: India, Indonesia, the Philippines, Thailand and Vietnam (the "Core Countries"), but we reserve the ability to selectively support opportunities in other Asian countries.
We invite business that are interested in learning more about the RFP process and submission requirements to visit Circulate Capital RFP
About Circulate Capital
Circulate Capital is an impact-focused investment management firm dedicated to financing companies, projects, and infrastructure that prevent ocean plastic. We identify, incubate, and invest in opportunities designed to intercept ocean plastic at the source by collecting, sorting, processing, and manufacturing using waste in countries known to contribute to ocean plastic. We were created in partnership with Closed Loop Partners and Ocean Conservancy, and are also supported by leading intergovernmental organizations, associations, and many of the world's largest consumer product goods and chemical companies, including 3M, American Chemistry Council, The Coca-Cola Company, Kimberly-Clark, Dow, PepsiCo, Partnerships in Environmental Management for the Seas of East Asia (PEMSEA), Procter & Gamble, and the World Plastics Council.
Media inquiries:
For Asian media:
Cognito Asia
Prisita Menon
+65 9856 4954
Prisita.menon@cognitomedia.com
For US media:
Cindy Stoller
Confluence Partners
917-331-0418
cstoller@confluencepartners.com
