In 2017, the American Chemistry Council and the World Plastics Council joined a coalition of partners to support Circulate Capital (previously Closed Loop Ocean or CLP). Circulate Capital, an initiative of Closed Loop Partners in partnership with Ocean Conservancy, is designed to fund waste infrastructure solutions in Southeast Asia, with a focus on investments to improve collection, sorting and recycling markets, particularly across the plastic value chain. And as research indicates that the majority of plastic debris originates from five fast growing economies in Asia—Indonesia, the Philippines, Vietnam, Thailand and China—the initiative will focus initially on galvanizing investment in waste management and recycling solutions in Southeast Asia.
- Closed Loop Partners appoints VP of Closed Loop Ocean (Recycling Today, December 6, 2017)
- Circulate Capital Announces RFP Process For South and Southeast Asia-Based Businesses Seeking Capital to Accelerate Ocean Plastic Solutions (Press Release, July 18, 2018)