Fund targeting Asia's plastic waste crisis launched

An investment fund targeted at waste management and recycling projects in Asia was launched Wednesday by a Singapore-based capital fund management firm, backed by some of the world's biggest consumer products and chemical makers.The Circulate Capital Ocean Fund is the world's first investment fund focusing on Asia's plastic crisis, Circulate Capital LLC said in a statement.The $106 million fund's founding investors include PepsiCo Inc., Procter & Gamble Inc., Coca-Cola Co. and Chevron Phillips Chemical Co.The fund aims to address the financing gap between available private capital and resou…READ FULL ARTICLE