-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
New York-based investment firm Closed Loop Partners has launched the Closed Loop Local Recycling Fund, a circular economy project to develop recycling systems for underserved American communities
.
Launched on January 20, 2022, the project is funded by a $35 million investment from PepsiCo North America Beverages
.
Closed Loop Partners will use the funding to deploy small-scale, modular recycling systems in rural areas and small cities that lack access to recycling due to their remoteness from larger municipal material recovery facilities (MRFs) or a lack of funding
.
Smaller recycling systems are less capital-intensive than traditional MRFs and reduce the costs and greenhouse gas emissions associated with transporting recycled materials to remote recycling centers
.
In addition, each small recycling system can recover at least 8,000 tons of material per year – including plastic, paper, glass and metal – and keep 400 tons of rPET in circulation each year
.
PepsiCo's investment in the local recycling fund will support local MRF development projects
.
Fast Company recently reported that these small recycling projects cost just $1.
5 million, compared to $30 million for new large recycling centers, a figure that Closed Loop Partners confirmed
.
In addition to promoting recycling and reducing waste, the Closed Loop Local Recycling Fund will launch new rPET supplies to support PepsiCo's pep+ sustainable packaging strategy
.
