Circular economy investment firm Closed Loop clinches US$30m investment from Nestlé

USA – Nestlé through its packaging venture fund has invested US$30 million in the Closed Loop Leadership Fund, to upgrade U.S. recycling infrastructure and secure access to food-grade recycled plastics. Closed Loop Leadership Fund is a private equity fund of circular economy investment firm Closed Loop Partners. The fund invests in companies that aim to increase recycling rates in the U.S. and keep valuable materials in packaging supply chains by integrating and improving all aspects of supply chains, from access, collection, sortation to processing. The new investment acquired will be…

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DS Smith launches Circular Design Principles to drive sustainability in packaging

UK – DS Smith, the global packaging solution supplier has launched its new Circular Design Principle to drive sustainability in packaging by providing support to companies in designing, reusing and recycling their packaging. DS Smith developed the principles in collaboration with the Ellen MacArthur Foundation, a UK charity which aims to inspire a generation to re-think, re-design & build a positive future through the framework of a circular economy. DS Smith’s five Circular Design Principles include a commitment to; designing packaging that protect brands and products; optimised use of packaging…

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Huhtamaki donates US$3.28m to global circular economy initiatives

FINLAND – Huhtamaki, a global food and drinks packaging firm based in Finland, will be donating EUR 3 million (US$3.28 million) towards circular economy initiatives aimed at addressing global sustainability challenges. The donation, which come at the heights of the company’s celebration of its 100-year anniversary, will be used to fund innovative and emerging technologies to clean plastic waste as well as providing education and training on waste management. “We are acting today, educating for tomorrow and funding innovation for the future, making a difference where it matters most to…

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PepsiCo-backed plastic recycling fund invests US$6m in two Asian firms

SINGAPORE – The Circulate Capital Ocean Fund (CCOF), an investment fund dedicated to the alleviating the ocean plastic pollution crisis in Asia, has made its inaugural investments in two plastic recycling companies located in India and Indonesia for a total investment of US$6 million. CCOF is a US$106 million fund that was established by Singapore based investment firm, Circulate Capital​, and is backed by several of the world’s leading companies, including PepsiCo, the first investor; Procter & Gamble; Dow; Danone; Unilever; and The Coca-Cola Company. By supporting the Fund, the…

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Mondelēz International accelerates transition to a circular economy for plastic

USA – Mondelēz International has joined two leading initiatives focused on tackling plastic waste and pollution, as the chocolate and confectionery maker accelerates its efforts to reduce its impact on people and the planet. Mondelēz has joined the Ellen MacArthur Foundation’s New Plastics Economy Global Commitment and the UK Plastics Pact and has additionally become a participant of the New Plastics Economy Initiative. The initiatives share a collective ambition to address plastic waste and pollution at its source, by moving toward a circular economy where plastic stays in the economy…

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