The United States, through the flagship U.S. Agency for International Development (USAID) ‘Clean Cities, Blue Ocean’ program, has joined Circulate Capital, an impact-focused investment management firm, in partnering with Prevented Ocean Plastic Southeast Asia to expand collection and recycling infrastructure in Indonesia.
At an event held as Indonesia prepares to host this year’s G20 Summit, USAID Mission Director Jeff Cohen said, “We’re pleased to support this new partnership featuring a blend of public and private financing that will help meet the growing demand for recycled plastic while strengthening communities’ solid waste management systems. Together we will help capture and prevent otherwise harmful plastic waste from reaching the sea and transform it into profit and livelihoods for the Indonesian people.”
The partnership will expand existing collection and recycling infrastructure, build local capacity for solid waste management, and mobilise and empower the critical informal waste sector. For example, a new facility where plastics will be aggregated is set to process about 30 tons of material per day and will help to provide new income for roughly 100 employees and local waste collectors sourcing materials.
“We’re proud to partner with USAID to support Prevented Ocean Plastic Southeast Asia to expand their best-in-class collection and recycling infrastructure across Indonesia, including in communities that have limited or no collection today,” said Regula Schegg, Circulate Capital’s Managing Director for Asia.
Through the partnership, Prevented Ocean Plastic aims to improve the recycling supply chain in Indonesia and continue to provide high quality traceable recycled plastic to global markets, benefitting all actors along the waste chain- from bottle collectors to consumers.
According to Raffi Schieir, Director of Prevented Ocean Plastic and Bantam Materials UK, USAID’s investment in Prevented Ocean South East Asia is “testament to the success of the Prevented Ocean Plastic model, which has proven it can be replicated on any at-risk coastline to deliver impact at scale. We’re proud to be the first recycling program to receive USAID investment and look forward to seeing the social and environmental difference this partnership will make.”
About PREVENTED OCEAN PLASTIC:
Prevented Ocean Plastic is a pioneering plastic recycling company developing locally customized sorting and collection infrastructure to underserved communities across the world. We are committed to strengthening the supply chain and scaling solutions for the management of plastic waste in the country. We provide high quality traceable recycled plastic to global markets to drive environmental, social and economic value from the bottle collector to the end consumer.