Circulate Capital invested in Dalmia Polypro Industries, a plastic bottle recycling company based in Mumbai, India. | Courtesy of Circulate Capital.
The U.S. and Europe have had formal recycling infrastructure in place for decades. That’s not the case in India, where Circulate Capital just invested millions of dollars to boost infrastructure and reduce ocean plastics generation.
Since its launch in May 2019, Loop has attracted more than 100 brands, and its durable packaging is used in some 400 products. | Courtesy of Loop.
Nestlé, Procter & Gamble and other investors have put $25 million behind Loop, a packaging reuse model that launched last year.
Walmart grew its recycled plastic use across product packaging lines from less than 0.5% in 2018 to 9% in 2019. | Chekyravaa/Shutterstock
Some of the largest packaged goods and retail firms increased their use of recycled plastic in 2019, but they have work to do to hit 2025 targets, according to an Ellen MacArthur Foundation update.
PepsiCo’s Naked juice brand is one the company is moving toward 100% RPET packaging. | Sheila Fitzgerald/Shutterstock
PepsiCo spent about $200 million of its “Green Bond” to purchase recycled PET plastic over the past few years, according to the company.
The Recycling Partnership recently released “Accelerating Recycling,” a policy document outlining a proposal that includes fees paid by brands and packaging producers. | photka/Shutterstock
Two major industry groups are promoting packaging fees on product makers to support recycling infrastructure development, a shift one MRF operator described as a “historical moment.”
Major global food and beverage company Nestlé announced a $30 million investment in the Closed Loop Leadership Fund. | JHVEPhoto/Shutterstock
After announcing a plan early this year to buy a massive volume of recycled resin in the coming years, Nestlé has begun investing in the U.S. to support that goal.
Of the 190,00 metric tons of plastic Starbucks used from Oct. 1, 2017 through Sept. 30, 2018, 6% was recycled content. | ansoz/Shutterstock
Post-consumer resin makes up a small percentage of all plastic used by Coca-Cola, Starbucks and others, according to a new report that will be used to track company progress on increasing recycled plastic use.
Circulate Capital announced $6 million in funding to recycling companies to prevent marine debris. | Igor Batenev/Shutterstock
Circulate Capital invested $6 million in plastics recycling companies in India and Indonesia, the brand-backed firm’s first outlay designed to prevent marine plastics.
The new effort will explore how PP packaging types that are not currently recycled could be in the future. | JohnKwan/Shutterstock
The Recycling Partnership is gearing up to launch the Polypropylene Recycling Coalition to develop holistic solutions for diverting the growing array of packaging made with No. 5 plastic.
