Circular Plastics Fund Welcomes New Investors

In April this year, Infinity Recycling announced the successful closing of a new round of commitments to their Circular Plastics Fund.

The Luxembourg-registered Circular Plastics Fund (CPF) has an initial target size of 150 million Euros, which is an Article 9 “dark green” impact fund, under the EU’s Sustainable Finance Disclosure Regulation. Its investments aim to accelerate the transition to a circular economy of plastics by scaling up advanced recycling technology companies that transform plastic waste streams into primary commodities used for producing new plastics.

Infinity Recycling, based in the Netherlands, was established to create markets for end-of-life waste streams by investing in waste valorization technologies. Their first offering was the Circular Plastic Fund. It “catalyzes the world’s transition to a closed-loop plastics economy in which residual polymer waste streams, representing over 85 percent of the global plastic waste, are converted into building blocks for the manufacturing of new plastics,” the firm emphasized. “The Fund’s strategy aims to significantly reduce the carbon footprint of the plastics economy and contribute to eliminating the world’s plastic waste problem.”

Since its first closing in February 2022, the Fund has made five investments. “Building on investor interest and deployment momentum, the Fund is well on its way to a final closing, projected for the second half of this year,” Infinity Recycling informed.

(Published in GLOBAL RECYCLING Magazine 2/2023, Page 10)