Circulate Capital Announces RFP Process For South and Southeast Asia-Based Businesses Seeking Capital to Accelerate Ocean Plastic Solutions

Stocks and Financial Services Press Releases Thursday July 19, 2018 14:08
NEW YORK--19 Jul--PRNewswire/InfoQuest
  • New Impact Investment Management Firm to Finance Regional Waste Management and Recycling Solutions That Remediate and Prevent Ocean Plastic

Circulate Capital, the investment management firm dedicated to financing companies, projects, and infrastructure that prevent ocean plastic, today announced a Request For Proposal (RFP)   process for businesses seeking capital to accelerate solutions to the oceans plastic problem. Led by Rob Kaplan, co-founder of Closed Loop Partners, Circulate Capital will invest in South and Southeast Asia-based entities in the solid waste management and recycling sector that remediate the flow of mismanaged plastic to the world's ocean.

Circulate Capital is the   recently formed impact investment firm launched in partnership with Closed Loop Partners, a firm that invests in sustainable consumer goods, advanced recycling technologies and the development of the circular economy, and Ocean Conservancy, a leading nonprofit environmental advocacy organization working to protect the world's ocean,   and is backed by leading intergovernmental organizations, associations, and many of the world's largest consumer product goods and chemical companies, including 3M, The Coca-Cola Company (NYSE:KO), Kimberly-Clark (NYSE: KMB), Dow (NYSE: DWDP), PepsiCo (NASDAQ: PEP), Partnerships in Environmental Management for the Seas of East Asia (PEMSEA), Procter & Gamble (NYSE: PG), American Chemistry Council, and the World Plastics Council, which provided seed capital alongside the founding partners.

Asia and Southeast Asia Investment Focus
The company is looking to invest in South and Southeast Asia-based entities in the solid waste management and recycling sector that remediate the flow of mismanaged plastic to the world's ocean.

Ocean plastic presents an enormous challenge to South and Southeast Asian areas in particular. A 45% improvement in plastic leakage is possible by improving waste management and recycling in China, Indonesia, Vietnam, Thailand and the Philippines.

"South and Southeast Asian countries produce the most plastic waste, but largely because they lack the necessary waste infrastructure to manage the problem," said Rob Kaplan, founder and CEO of Circulate Capital. "Financing innovative local companies that are working to address the challenge is a critical step to reducing the flow of ocean plastic and also key to improving economic development and public health outcomes."

RFP DETAILS
We invite investment proposals from entities operating in the collection, sorting and processing, or recycling and end market segments of the waste management supply chain.

The Company is principally interested in opportunities in five countries: India, Indonesia, the Philippines, Thailand and Vietnam (the "Core Countries"), but we reserve the ability to selectively support opportunities in other Asian countries.

We invite business that are interested in learning more about the RFP process and submission requirements to visit   Circulate Capital RFP
About Circulate Capital

Circulate Capital is an impact-focused investment management firm dedicated to financing companies, projects, and infrastructure that prevent ocean plastic. We identify, incubate, and invest in opportunities designed to intercept ocean plastic at the source by collecting, sorting, processing, and manufacturing using waste in countries known to contribute to ocean plastic. We were created in partnership with Closed Loop Partners and Ocean Conservancy, and are also supported by leading intergovernmental organizations, associations, and many of the world's largest consumer product goods and chemical companies, including 3M, American Chemistry Council, The Coca-Cola Company, Kimberly-Clark, Dow, PepsiCo, Partnerships in Environmental Management for the Seas of East Asia (PEMSEA), Procter & Gamble, and the World Plastics Council.

Media inquiries:
For Asian media:
Cognito Asia
Prisita Menon
+65 9856 4954
Prisita.menon@cognitomedia.com
For US media:
Cindy Stoller
Confluence Partners
917-331-0418
cstoller@confluencepartners.com

Latest Press Release

mai welcomes real estate developer CMC on November 19

Market for Alternative Investment (mai) will list Chaoprayamahanakorn pcl, a leading real estate developer onNovember 19, under the ticker symbol "CMC". The company has a market capitalization at its initial public offering (IPO) of THB 3.00 billion...

KTC - Chilito Mexican Grill - Farm Factory provide members special privileges for payments made using QR Pay in the KTC Mobile app.

Mrs. Pranaya Nithananon, Vice President - Credit Card Business, "KTC" or Krungthai Card Public Company Limited, provides KTC VISA and KTC MasterCard credit card members who make payments through KTC QR Pay in the "KTC Mobile" app worth Bt. 300 or more...

Photo Release: KBank opens new flagship branch and THE WISDOM Lounge at ICONSIAM

Mr. Wirawat Panthawangkul (3rd from left), KBank Senior Executive Vice President, and Ms. Chadatip Chutrakul (4th from left), Director of ICONSIAM Co., Ltd., and Chief Executive Officer of Siam Piwat Co., Ltd., participated in the opening ceremony of...

Photo Release: CIMB Group Joins RippleNet to Power Instant Payments Across ASEAN

Tengku Dato' Sri Zafrul Aziz, Group CEO of CIMB Group (right), and Brad Garlinghouse, Ripple CEO (left) commemorating the strategic collaboration between CIMB Group and Ripple to power instant payments across ASEAN at the Singapore FinTech festival 2018...

CIMB Group Joins RippleNet to Power Instant Payments Across ASEAN

CIMB is one of the first banks to leverage blockchain technology to tap into region's USD120 billion remittance business CIMB Group ("CIMB" or "the Group") and Ripple have entered into a strategic collaboration to enable instant cross border payments...

Related Topics