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    Home > Chemicals Industry > Rubber Plastic News > $500 million, End Plastic Waste Coalition and Lombard Odier join forces to launch Circular Plastics Fund

    $500 million, End Plastic Waste Coalition and Lombard Odier join forces to launch Circular Plastics Fund

    • Last Update: 2022-08-17
    • Source: Internet
    • Author: User
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    The Alliance to End Plastic Waste (Alliance) and global wealth and asset management firm Lombard Odier Investment Manager (LOIM) announced on May 12 that they intend to create a new circular plastics Fu.


    Raise $500 million for scalable solutions to remove plastic waste from the environment, increase recycling, and drive the global transition to a circular economy in the plastic value cha.


    There is a huge opportunity to turn plastic waste into a resource and drive economies of scale and economic retur.


    The new fund will seek to invest in scalable solutions to eliminate plastic waste from the environment, increase recycling and drive the transition of the global plastics value chain to a circular economy, which is expected to represent a $1 trillion global economic opportunity by 203 Key themes targeted for the fund will include collection and sorting infrastructure, technology-enabled recycling infrastructure, design solutions to improve plastic durability, reuse and recyclabili.


    The new fund will seek to invest in scalable solutions to eliminate plastic waste from the environment, increase recycling and drive the transition of the global plastics value chain to a circular economy, which is expected to represent a $1 trillion global economic opportunity by 203

    Jean-Pascal Porcherot, Co-Head of LOIM and Managing Partner of Lombard Odier Group, said: “This strategy presents a compelling investment opportuni.


    The Alliance will act as technical advisors to the Fund through an experienced team of professionals who will provide industry-leading expert advice on the technical feasibility, commercial viability and scalability of plastic recycling solutions, as well as waste management technology and infrastructu.


    The barriers to recycling are well kno.


    Alliance will serve as a cornerstone investor in the fund, which aims to raise $500 million from institutional and other accredited investo.


    Alliance will serve as a cornerstone investor in the fund, which aims to raise $500 million from institutional and other accredited investo.


    Jim Fitterling, Dow Chairman and CEO and Alliance Chairman, said:
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