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Circulate Capital to Build Recycling Infrastructure in Latin America
Publish date: 2024-08-27
Environmental investment firm Circulate Capital is deploying $250 million, provided by some of the world’s largest consumer packaged goods companies, recyclers, and other supply chain actors, to build plastics recycling infrastructure overseas. Having set the stage in Southeast Asia, the Singapore-based firm is now moving into Latin America, seeing opportunity to take a budding market further.
Latin America, like other developing hotspots, is becoming increasingly vested in advancing a circular economy. Circulate identified more than 700 companies in this plastic waste-strapped region dedicated to recovering and recycling the material.
Polyrec’s focus on flexible plastics, among the most problematic and commonly used materials worldwide—and that it is the sister company of an established Latin American flexible plastics packaging company—both weighed in big too.
Latin America, like other developing hotspots, is becoming increasingly vested in advancing a circular economy. Circulate identified more than 700 companies in this plastic waste-strapped region dedicated to recovering and recycling the material.
Polyrec’s focus on flexible plastics, among the most problematic and commonly used materials worldwide—and that it is the sister company of an established Latin American flexible plastics packaging company—both weighed in big too.
Source: Waste360
