Circulate Capital, the investment management firm dedicated to incubating and financing companies and infrastructure that seek to prevent ocean plastic in South and Southeast Asia, announced that it expects to receive an additional $15 million in funding from Chevron Phillips Chemical Company LLC for Circulate Capital’s strategy to combat ocean plastic.
The company joins Circulate Capital’s founding investors, which include several of the world’s leading consumer packaged goods and chemical companies. Circulate Capital announced the launch of its fund in fall 2018 and expects to make its first investment by the end of 2019.
