Circulate Capital invests to scale India's circular economy for plastic waste daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
Synopsis
Backed by corporates such as PepsiCo, Procter & Gamble, Danone, Chanel, Unilever, Coca-Cola, Dow and Chevron Phillips Chemical, the company has, in all, committed US $39 million across the waste management and recycling value chain in India, it said.
Agencies
NEW DELHI: Singapore-based investment management company Circulate Capital has announced an investment of US $19 million in four waste management and recycling focused companies in India through its Circulate Capital Ocean Fund (CCOF), it said in a statement on Thursday.
Backed by corporates such as PepsiCo, Procter & Gamble, Danone, Chanel, Unilever, Coca-Cola, Dow and Chevron Phillips Chemical, the company has, in all, committed US $39 million across the waste management and recycling value chain in India, it said.
Circulate Capital Now Has the Largest Investment Portfolio Focused on Fighting Plastic Pollution in India SINGAPORE - December 10, 2020 - (Newswire.com)
Circulate Capital, the Singapore-based investment management company focused on preventing plastic from leaking into the ocean and advancing the circular economy, today announced that the Circulate Capital Ocean Fund (CCOF) has committed to investing US$19 million in four leading companies that are using technology and innovation to scale and transform India’s waste management and recycling value chain. Established in partnership with PepsiCo (NASDAQ: PEP) (its first investor), Procter & Gamble (NYSE: PG), Dow (NYSE: DOW), Danone, Chanel, Unilever (NYSE: UN), The Coca-Cola Company (NYSE: KO), and Chevron Phillips Chemical (CP Chem), CCOF is the world’s first investment fund dedicated to combating ocean plastic in South and Southeast Asia.
Exclusive: Singapore s Circulate Cap lines up Rs 300 crore investment in Indian waste management firms
The infusion will help plug gaps in India’s waste management ecosystem and prevent 5 mln metric tonnes of plastic pollution from entering the environment by 2030. December 10, 2020 / 09:29 AM IST
Circulate Capital, a Singapore-based management company involved in Asian recycling operations, has dedicated Rs 300 crore for India’s waste management and recycling industry.
The investment will be offered to four Indian companies using high-end technology to improve waste management and recycling value chain, Circulate Capital CEO Rob Kaplan told MoneyControl.
The investment was meant to help Indian companies which routinely need investment for recycling critical waste, Kaplan said. “There is no magic tool in handling waste, there is no silver bullet. Companies need sustained investment to manage this insurmountable problem in South Asia and Southeast Asia.”