Less Plastics in the Seas
Dow Invests in Circular Economy Solutions
The chemical company Dow, Midland, USA, announced its intention to further invest and develop new global initiatives and solutions that work to prevent and remediate plastic waste in the environment.
Circular Economy Solutions for Plastics
The initiatives, announced in conjunction with the recent Our Ocean Conference in Bali, Indonesia, include Dow’s commitment to join several other major global brands to become a founding investor in Circulate Capital’s USD 100 million effort to incubate and finance companies and infrastructure that prevent waste in oceans. Dow also announced at the Conference that it intends to donate an additional USD 1 million to Ocean Conservancy over the next two years to support waste collection and recycling solutions in Southeast Asian countries. This money would be used for projects that build the capacity of local non-governmental organizations and partnerships with city leaders to develop, scale and replicate implementable solutions.
The regions South and Southeast Asia have been identified as contributing disproportionately to ocean plastic pollution primarily because they lack the critical waste infrastructure to manage the problem.
Circulate Capital’s mission is to demonstrate the viability of investment in the waste management and recycling sectors to attract the institutional investment capital needed to scale integrated recycling and waste management companies and infrastructure across South and Southeast Asia. Circulate Capital’s investment model seeks to mobilize institutional investment capital through financial structures that blend concessionary and philanthropic funds with market rate investment capital with a view to mitigating risk and demonstrating that investment in the resource recovery sector can ultimately provide attractive financial returns. The organization expects to receive USD 100 million in combined funding from a variety of the world’s leading consumer packaged goods and chemical companies.
Ocean Conservancy is working to protect the ocean from today’s greatest global challenges. Together with its partners, the organization creates science-based solutions for a healthy ocean and the wildlife and communities that depend on it.
The Dow Chemical Group Company
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