Plastic Recycling – Closed Loop Partners Fund to Invest in US and Canada Recovery and Recycling Technologies

A May 26, 2021 Closed Loop Partners (CLP) news release https://www.closedlooppartners.com/closed-loop-partners-launches-multi-million-dollar-circular-plastics-fund-with-dow-lyondellbasell-nova-chemicals-to-accelerate-investment-in-plastics-recycling-infrastructure/ announced the establishment of a fund that will “… invest in scalable recycling technologies, equipment upgrades and infrastructure solutions … with an initial $25 million investment, CLP invites businesses across the plastics value chain to join in advancing the recovery and recycling of plastics in the U.S. and Canada … [The fund] will invest in three strategic areas to increase the amount of recycled plastic available … Access – Increasing the collection of targeted polyethylene (PE) and polypropylene (PP) plastics … Optimization – Upgrading recycling systems to more efficiently aggregate, classify and sort the targeted plastics to increase the total amount of high-quality plastic … [and] Manufacturing – Investing in facilities and equipment that manufacture finished products, packaging or related goods using recycled content, including recycled PE and PP …” #Recycling #PlasticWaste @LoopFund

Published by Jack Cooper

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