“Circulate Capital has raised $106 million to prevent and reduce ocean plastic. The investment management company is focused on financing companies “dedicated to financing innovation, companies, and infrastructure that prevent the flow of plastic waste into the world’s ocean while advancing the circular economy,” according to its website.”
“The Singapore-based Circulate Capital Ocean Fund will use its $106 million to solve the problem of plastic pollution. Investment plans include start-ups and businesses across the plastics chain, from materials to advanced recycling.”
“Kaplan left his position as the head of sustainability at Walmart to move to Asia to start the fund. It has attracted investors including PepsiCo, Danone, Unilever, Chevron Phillips Chemical and Coca-Cola. These companies have invested in the fund for its technologies and access to other companies making significant impacts. Coca-Cola’s spokesperson told Nikkei Asian Review that this investment helps them move toward a “circular economy.”
View the whole story here: https://www.onegreenplanet.org/environment/investment-company-raises-106-million-to-stop-ocean-pollution/
egreenplanet.org/environment/investment-company-raises-106-million-to-stop-ocean-pollution/