Overview

Indonesia generates 6.8 million tons of plastic waste each year – a figure that is growing by 5 percent annually. Without bold and decisive interventions, the flow of plastic waste in Indonesia’s oceans is projected to increase by 30 percent to around 800,000 tons by 2025.

Seventy percent of Indonesia’s plastic waste, an estimated 4.8 million tons per year, is considered mismanaged in ways such as being openly burned, irresponsibly dumped, or left to leak into oceans and waterways. In March 2019, the Government of Indonesia joined forces with the Global Plastic Action Partnership to launch the Indonesia National Plastic Action Partnership (NPAP).

With more than 150 member organizations, the Indonesia NPAP is the country’s leading platform for public-private collaboration, working closely with leading change-makers from all sectors to forge a collective path towards a plastic pollution-free Indonesia.

Target

The working group will seek:

● to help secure funding supporting the NPAP’s Investment Roadmap to complement the Multi-Stakeholder Action Plan;

● to support NPAP’s multi-stakeholder action plan to reduce or substitute avoidable plastic usage, redesign plastic products and packaging with reuse or recycling in mind, double plastic waste collection to more than 80 percent by 2025, double current recycling capacity by 2025, and build or expand controlled waste disposal facilities to safely manage non-recyclable plastic waste;

● support Ministry of National Development Planning (Bappenas) and Bali Province Government in developing and implementing Bali’s Masterplan on Waste Management.

Circulate Capital: First investment firm dedicated to advancing circular economy and fighting ocean plastic and climate change in the South and Southeast Asia.

Circulate Capital Ocean Fund I (CCOF-I): investing US$106 mil in growth stage SMEs across circular plastic value chain.

Have invested US$40 mil in 7 leading recycling companies estimated to divert 5 million tonnes of plastic waste and 7 million tonnes of GHG from environment cumulatively by 2030.

Backed by leading corporations including: Pepsico, Danone, Chanel, Unilever, P&G, Dow and Coca-cola

Circulate Capital Ocean Fund I-B, a new fund, offers private investors and family offices unique opportunity to:
Participate in the most attractive deals of CCOF-I.

Invest in targeted innovations in circular material and deep technology solutions to plastic waste.

———————————————————————————————————

Others

▮ Initiated by one of the world’s leading venture capitalists, Alfred Scheidegger (Freddi) Chairman of Nextech Invest / Advisor Kura Kura Bali.
▮ Support Indonesian universities, research institutions, technopreneurs and impact investors to create innovation ecosystem for greater happiness and sustainability impact with Kura Kura Bali as a hub.
▮ Build preconditions for a start-up culture, educating and creating a nation of entrepreneurs, new companies and thousands of jobs.
▮ Establish a potent financing system, attract investment, generate returns for stakeholders on business propositions subscribing to the ‘Tri Hita Karana’ principles and the SDGs.
▮ Companies for Our Future
▮ Nationwide business plan contest, with selection of best teams and innovative business concepts with positive, sustainable impact on society and environment.
▮ Executable within 2 years, winners funded by Start-up Venture Fund.
▮ Presentation at that 2022 G20 Summit.

Expand to Southeast Asia region.

For more information on Circulate Capital, please contact Rob Kaplan, Founder and CEO