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Last week we announced a big step forward in catalyzing the investments needed to combat ocean plastic pollution, a new blended finance partnership with the U.S. Agency for International Development (USAID). Through this new partnership, USAID will provide up to a $35 million, 50% loan-portfolio guarantee through the Development Credit Authority (DCA) to incentivize private capital investment and new business development in the recycling value chain in South and Southeast Asia.
By blending private and public sector capital, our partnership with USAID will help accelerate and expand the impact we can achieve above and beyond anything we could do separately. Through the financing of companies, innovations, and projects that prevent ocean plastic in South and Southeast Asia, we will stop ocean plastic at its source and remove capital as a barrier to critical waste and recycling infrastructure development.
This collaboration enhances the private sector support that Circulate Capital has received to combat ocean plastic, which is more than $100 million committed by the world’s leading corporations, PepsiCo, Procter & Gamble, Dow, Danone, Unilever, and The Coca-Cola Company.
You can view the event via the webcast. And, as always, we encourage applications for investment from companies and projects in South and Southeast Asia through our website.
Best,
Rob Kaplan
Founder & CEO
Circulate Capital
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US pledges $35M in partnership to fight plastic pollution in Asia
June 6, 2019 - Washington — The U.S. Agency for International Development announced June 5 a $35 million fund to support plastic pollution cleanup in developing countries in Asia, in partnership with the industry-funded investment firm Circulate Capital.
At a Washington launch event that included speakers from plastics and consumer product companies, USAID said the $35 million will come in the form of loan guarantees to support the $100 million that Circulate Capital has raised privately to fund plastic waste projects in Asia.
+ Read the article
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Circulate Capital, U.S. Agency for International Development (USAID), and Ocean Conservancy Announce Blended Finance Partnership to Combat Ocean Plastic Pollution
June 5, 2019 - Circulate Capital, the investment management firm dedicated to incubating and financing companies and infrastructure that prevent ocean plastic in South and Southeast Asia (SSEA), today announced a blended finance partnership with the U.S. Agency for International Development (USAID) to combat ocean plastic pollution. Through this new agreement, USAID will provide up to a $35 million, 50% loan-portfolio guarantee through the Development Credit Authority (DCA) to incentivize private capital investment and new business development in the recycling value chain in South and Southeast Asia.
+ Read the article
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Feds to Put Millions Behind Overseas Recycling Loans
May 30, 2019 - The U.S. government is using the power of the federal purse to help boost recycling infrastructure in Asia.
The U.S. Agency for International Development (USAID) will provide up to $35 million to help incentivize private industry to put its money into boosting recycling in south and southeast Asia. The agency will back investments directed by Circulate Capital, with the goal of boosting recycling in developing, coastal economies to reduce ocean plastics generation.
+ Read the article
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Science on the Hill: How to Make Recycling Profitable
April Crow, Circulate Capital
May 29, 2019 - On June 6, a panel of experts convened by Scientific American and Nature Research—part of Springer Nature—will talk about the issue of plastic pollution, including possible solutions, in Washington, D.C.The author is one of those experts.
The plastic waste crisis has been growing and deepening for years. We’ve known it was happening, and too many of us have stood by and watched it escalate. Fortunately, we are starting to see the emergence of a broad and growing group of stakeholders who are coming together—in their own ways—to tackle this complex challenge. I became involved in this topic nearly 15 years ago through my environmental work at Coca-Cola. At that time, there was an emerging discussion about the Great Pacific Garbage Patch, which may now be more than twice the size of Texas. But beyond that fact, little was known.
+ Read the article
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Rob's Latest Article on Forbes
Pointing Fingers: Ocean Plastic is a Tragedy of the Commons
May 18, 2019 - Ocean plastic is a massive problem. But whose problem is it exactly? It depends who you ask. A problem that does more than $13b of damage to marine ecosystems annually seems more the purview of large-scale government action than of individuals like you or me... Then again, waste and recycling companies are part of the problem as well...
And so it goes. It would seem that ocean plastics is everyone’s problem and therefore no one’s problem, really.
+ Read the article
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CAPITOL HILL OCEAN WEEK COVERAGE
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To learn more about Circulate Capital and The Incubator 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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