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I hope this finds you keeping safe and well in these uncertain times. As we continue to face the challenges around the global implications of COVID-19, I welcome the opportunity to share some good news with you.
The past week has been an important one for Circulate Capital as we announced our first investments in two plastic recycling companies in India and in Indonesia for a combined sum of US$6 million.
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Lucro Plastecycle is an Indian manufacturer that specializes in recycling difficult-to-manage flexible plastic for its own manufacturing and for sale as high-quality commodities to other manufacturers across the country.
What’s unique about the company is its focus on developing closed-loop recycling systems, where it links up with brand owners to collect used plastic packaging from their supply chain and recycle it back into packaging products.
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Tridi Oasis is a young Indonesian company specializing in recycling plastic beverage bottles, which are used to manufacture recycled packaging and textiles.
The company is led by a team of passionate female entrepreneurs who continue to strive for growth in the company’s operations.
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We couldn’t do this without the support of our founding investors that have brought not only their capital but are also their technical and procurement expertise to help these companies scale and drive maximum impact. Of course, we owe an incredible debt of gratitude to our amazing team and our network of partners.
Lucro and Tridi Oasis are just the start of our journey and I’m looking forward to working with you all to catalyze the additional investment needed to fight ocean plastic and advance the circular economy.
Best,
Rob Kaplan
Founder & CEO
Circulate Capital
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The Circulate Initiative launched a global giving campaign to supply protective gear, hygiene kits and food to waste pickers in Indonesia, Vietnam, and Argentina as they are on the frontline of the COVID-19 crisis and the fight against ocean plastic.
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CIRCULATE CAPITAL IN THE NEWS
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We need to invest in future-proofing our supply chains: Circulate Capital
April 28, 2020 - Rob Kaplan of Circulate Capital discusses sustainability amid the coronavirus pandemic, and the challenge of investing in circulate value chains to smooth out the volatility in the oil markets.
Watch the video >
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Circulate Capital invests in plastic recyclers in India and Indonesia
April 28, 2020 - Singapore-based Circulate Capital spun off from Closed Loop Partners two years ago to tackle plastic waste in Asia. Five countries are responsible for half of the plastic waste that ends up in oceans worldwide and Circulate founder Rob Kaplan wanted to seize the “opportunity to build new value chains out of waste streams.”
Read the full story >
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Circulate Capital invests $6m in plastic recycling players in India, Indonesia
April 28, 2020 - Circulate Capital Ocean Fund (CCOF), which focuses on reducing Asia’s ocean-plastic crisis, has invested $6 million in two plastic recycling companies, one in India and the other in Indonesia, Singapore-based Circulate Capital said Tuesday.
Read the full story >
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Circulate Capital invests in Indian plastic recycling firm Lucro
April 28, 2020 - Circulate Capital, a Singapore-based investment management company, on Tuesday said it has made its debut investment in Indian plastic recycling company Lucro Plastecycle Pvt Ltd.
Read the full story >
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To learn more about Circulate Capital and The Incubation Network, or to apply for funding, please visit our website to download the full Request for Proposals for projects seeking capital.
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