(July 2, 2021) — “The recent recommendations made by the California Statewide Commission on Curbside Recycling and Market Development to CalRecycle regarding a Statewide Standardized Acceptance List of Recyclable Materials (CA Statewide Recyclable List) concerns our organizations in its omission of polypropylene (PP #5) bottles, rigid containers, tubs, and cups. We believe the recommendation not to include PP on the list underestimates the recycling access, capture, and marketability of PP in California and could prove detrimental to PP recycling and waste reduction within the state and nationwide. The public and private sectors both have an opportunity to catalyze solutions to further accelerate the system-wide shift already underway for PP, improving the circularity of this material and satisfying an ever-increasing demand for recycled PP in new products and packaging. We stand by polypropylene and our commitment to expanding access, education, recovery, and other necessary actions along its path to maintaining wide recyclability in California and across the U.S.”
$4.2M in Grants Awarded to Improve Polypropylene Curbside Recycling for Nearly 15 Million Americans
August 23, 2021
In less than one year, The Recycling Partnership’s Polypropylene Recycling Coalition awarded grants to 13 recycling facilities to increase recycling access by nearly 6%.
FALLS CHURCH, Va. (Aug.24, 2021) – The Recycling Partnership today announced a third round of grant funding through its Polypropylene Recycling Coalition, distributing an additional $1.8 million in catalytic grants to advance polypropylene recycling and reduce plastic waste in the U.S. Launched just one year ago, the Coalition has awarded grants that will improve curbside polypropylene recycling access for nearly 6% of all U.S. households. These grants will positively impact nearly 15 million Americans through grants to 13 facilities totaling $4.2 million to date. The Coalition is a cross-industry effort supported by steering committee members Keurig Dr Pepper, Braskem, NextGen Consortium, and the Walmart Foundation, along with other members of the polypropylene value chain.
Polypropylene, sometimes referred to as PP or No. 5 plastic, is used in an array of food and non-food packaging and is in strong demand as a recycled material. Through its third round of grant funding, the Coalition will provide six grants to Materials Recovery Facilities (MRFs) across the U.S. to boost sortation of polypropylene and support targeted consumer education efforts. To date, the Coalition has awarded grants across the U.S. to increase the recovery of polypropylene by an estimated 13 million pounds annually to be made into new products, such as consumer packaging and automotive parts, rather than being sent to landfills, incineration, and into the environment. The widespread interest and commitment from MRFs across the U.S. to increase the collection and sortation of recyclable polypropylene clearly demonstrates the market strength for this material nationwide and has catalyzed more than $10 million in additional private investments in polypropylene sortation within U.S. MRFs.
“In just one year, the Polypropylene Recycling Coalition has led the way to rapidly drive significant, measurable change to improve and increase the capture of polypropylene in U.S. curbside recycling,” said Sarah Dearman, Vice President of Circular Ventures, The Recycling Partnership. “The Recycling Partnership is proud to lead the Polypropylene Recycling Coalition and its meaningful work that is inspiring industry investment, supporting jobs, preserving natural resources, and activating the transition to a circular economy in the United States.”
The Coalition makes grants to MRF candidates that face challenges in their ability to effectively sort and recycle polypropylene. According to recent studies of U.S. recycling access, just under 60% of Americans have access to recycling polypropylene. With the Coalition’s strategic grants, it is estimated curbside acceptance of polypropylene will increase by nearly 6% once all equipment is installed by early 2022. This will result in more No. 5 plastic being sent to established end markets and encouraging the shift to a circular economy. Consumers in these areas will also be educated as to what is and isn’t accepted in their curbside recycling.
Domestic reclaimers and re-processors further along the PP value chain acknowledge the supply signals sent by the Coalition’s MRF grants. In response, many made investments to prepare for processing the increased supply of this material for returning it to domestic end markets. Coalition members alone with reclamation and reprocessing facilities made more than $32 million in investments over the past year to increase polypropylene reclamation capacity by nearly 800 million pounds within their North American facilities. Additional reclamation and reprocessing investments are planned or underway for 2022, as multimillion dollar infrastructure investments are still needed.
The geographic reach of the first three rounds of Coalition MRF grantees includes the Northeast, Southeast, Upper Midwest, South Central, and West Coast regions, including California. The Coalition received a strong response to each of the three prior requests for proposals and continues to accept grant applications to further its efforts to advance polypropylene curbside recycling. The next grant proposal request is due Sept. 30, 2021. MRFs interested in sorting and recycling polypropylene are encouraged to apply.
The six newest grantees are:
- Green Waste, San Jose, Calif.
- Murphy Road, Berlin, Conn.
- Palm Beach County, Fla.
- Pellitteri, Madison, Wis.
- Sonoco-Raleigh, Raleigh, N.C.
- Sonoco-Onslow, Jacksonville, N.C.
The mission-driven work of the Coalition is supported by contributions from organizations representing all segments of the polypropylene value chain, including the Coalition’s newest members, Advanced Drainage Systems, Berry Global, Plastic Ingenuity, and PureCycle. In addition to the aforementioned steering committee members, other members of the Coalition include Campbell Soup Company, EFS-plastics, The Kroger Co. Zero Hunger | Zero Waste Foundation, KW Plastics, LyondellBasell, Merlin Plastics, Milliken & Company, Nestlé, PolyQuest, Procter & Gamble, Sabert Corporation, St. Joseph Plastics, and Winpak. The Coalition is advised by industry leaders, including Association of Plastic Recyclers, former EPA Administrator Carol Browner, Closed Loop Partners, Sidewalk Infrastructure Partners, Sustainable Packaging Coalition, and World Wildlife Fund.
The Coalition is part of The Recycling Partnership’s Pathway to Circularity, an initiative creating scalable solutions to packaging and system challenges to accelerate the shift to a circular economy that uses fewer finite resources.
To learn more about the Polypropylene Recycling Coalition, its members, and how to get involved in supporting its goals, visit recyclingpartnership.org/polypropylene-coalition. For MRFs interested in applying for a grant, the application is available on our website.
About The Recycling Partnership
The Recycling Partnership is the action agent transforming the U.S. residential recycling system for good. Our team operates at every level of the recycling value chain and works on the ground with thousands of communities to transform underperforming recycling programs and tackle circular economy challenges. As the leading organization in the country that engages the full recycling supply chain, from working with companies to make their packaging more circular and help them meet climate and sustainability goals, to working with government to develop policy solutions to address the systemic needs of the U.S. recycling system, The Recycling Partnership positively impacts recycling at every step in the process. Since 2014, the nonprofit change agent diverted 375 million pounds of new recyclables from landfills, saved 968 million gallons of water, avoided more than 420,000 metric tons of greenhouse gases, and drove significant reductions in targeted contamination rates. Learn more at recyclingpartnership.org
Upstream and Closed Loop Partners Announce Nominees of Inaugural National Reuse Awards
August 17, 2021
The Reusies: Virtual awards show for Reuse Movement in the U.S. celebrates heroes of a world without waste on September 30 ─
NEW YORK, Aug. 17, 2021 /PRNewswire/ — Upstream, a non-profit sparking innovative solutions to plastic pollution, today announced the nominees of the first-ever virtual National Reuse Awards (aka The Reusies), which will take place Thursday, September 30. Presented in partnership with circular economy-focused investment firm and innovation center, Closed Loop Partners, the awards show will be hosted by TV personality and science communicator Danni Washington and celebrate the heroes of reuse.
Tickets to attend the event and sponsorship honoring Most Innovative Reuse Company, Activist of the Year, Fan Favorite Reuse Company, and Most Impactful Community Leadership are available as of today. The final winners will be announced during the show.
“The Reusies is a celebration of pioneers and innovators in the growing reuse economy,” said Matt Prindiville, CEO at Upstream. “The individuals and organizations we’re recognizing are launching innovative ideas to protect the planet. They’re charting a future to get what we want and need without all the waste.”
The nominees for Most Innovative Reuse Company are: Algramo, Rheaply, and TURN.
The nominees for the remaining three categories are:
- Fan Favorite Reuse Company: Blueland, Just Salad, Plaine Products, Saalt, and Stojo
- Most Impactful Community Leadership: ReusableLA and Zero Waste Humboldt
- Activist of the Year: Craig W. Cadwallader – Policy Coordinator, Surfrider Foundation (South Bay Chapter); Crystal Dreisbach– Founder, Green to Go and Executive Director, Don’t Waste Durham; Anukampa Freedom Gupta-Fonner – Chief Imagineer, Design By Freedom
Award winners (except Fan Favorite Reuse Company) will be selected by a combined panel of judges and public voting. Judges include:
- Ashima Sukhdev, Programs Lead – North America, Ellen MacArthur Foundation
- Benjamin Von Wong, visual artist, activist, influencer
- Christian Kaufholz, Head of Affiliate Programs & Knowledge Development, Global Plastic Action Partnership, World Economic Forum
- Danni Washington, TV personality, science communicator, ocean advocate
- Elizabeth Segran, senior staff writer, Fast Company
- Erin Simon, Head of Plastic Waste & Business, World Wildlife Fund
- Lauren Singer, founder and CEO, @PlasticFreeShop and @trashfortossers
- William McDonough, Chief Executive, McDonough Innovation and Co-author, Cradle to Cradle: Remaking The Way We Make Things
Added Kate Daly, managing director at Closed Loop Partners, on why they chose to be a presenting partner: “Reuse is vital in addressing the global waste challenge. We’re joining forces with Upstream to bring attention to the incredible ecosystem of innovators working toward a circular future. This builds on our existing work, as we research, test and invest in solutions that keep valuable materials in circulation longer.”
The event will be emceed by Danni Washington and streamed online on Thursday, September 30 at 4:00PM PT / 7:00PM ET and include performances by singer Kori Withers, video montages, award presentations, and a panel discussion on why reuse wins for the environment and economy through innovation and entrepreneurship. There will also be a live VIP session immediately after the show with speed networking in online breakout rooms.
Tickets are now available at www.TheReusies.org at an early-bird price of $10 for general admission (one screen) through August 31 (after that, general admission ticket cost will increase to $25). VIP Tables (which include 10 screens, access to the VIP after show and other perks) are available at $2,500. Category-exclusive sponsorship and brand integrations are also available. For more information, email [email protected] or visit the event website. For press inquiries contact Jen Maguire, [email protected]; social: #TheReusies @Upstream_org @LoopFund.
SOURCE Upstream
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Closed Loop Partners and Every Bottle Back Invest $5 Million in Evergreen to Expand Bottle-to-Bottle Plastics Recycling
August 12, 2021
The collective investment from America’s leading beverage companies and Closed Loop Partners will fund a major expansion in Evergreen’s Clyde, Ohio materials recovery and manufacturing facility
CLYDE, Ohio – The American Beverage Association and the Ohio Beverage Association, in partnership with Closed Loop Partners, announced today that Evergreen, a plastics reclaimer and rPET manufacturing facility based in Clyde, Ohio, will be the next recipient of a significant investment under the beverage industry’s Every Bottle Back initiative.
The $5 million investment – half from the American Beverage Association in partnership with Closed Loop Partners and the other half from Closed Loop Partners’ Infrastructure Fund – is part of Evergreen’s $22 million expansion project that will grow operations and double production capacity by 2022. This investment helps Evergreen evolve its business model, expanding its services to process recycled PET plastic into food-grade recycled rPET pellets used to manufacture new bottles, while creating a strong local market for recycled plastics.
The expansion project is estimated to yield at least 58 million pounds of food-grade PET in its first year alone, and cumulatively at least 600 million pounds of rPET food-grade pellets over a 10-year period.
“We are excited to support Evergreen’s expansion, which will help Ohio’s beverage companies close the loop on its 100% recyclable beverage containers,” said Kimberly McConville, executive director of the Ohio Beverage Association. “This is the second Every Bottle Back investment in Ohio, building on our industry’s commitment to strengthen recycling infrastructure, increase the collection of our plastic bottles and work towards using more recycled content.”
Spearheaded by the American Beverage Association, Every Bottle Back is a groundbreaking initiative by The Coca-Cola Company, Keurig Dr Pepper and PepsiCo to reduce the beverage industry’s plastic footprint by getting back more of the industry’s recyclable plastic bottles to be remade into new bottles, as intended. This latest investment will help finance a new building at Evergreen’s Clyde plant, where recycled polyethylene terephthalate (rPET) will be processed and ground into pellets to be used for making new plastic bottles and other consumer goods.
“Through our partnership with Evergreen and Closed Loop Partners, this project – along with several others throughout the region and country – will help capture and process more of our valuable, 100% recyclable plastic bottles so they can be remade into new bottles,” said Katherine Lugar, president and CEO of the American Beverage Association. “This project is another example of the power of private-public partnerships created through Every Bottle Back to build a circular economy for plastic and keep it out of the environment.”
“To build a truly circular economy and meet the demand for food-grade recycled content, bottle-to-bottle recycling is critical,” says Ron Gonen, Founder & CEO of Closed Loop Partners. “This investment in Evergreen helps strengthen the market for recycled plastics and inspire other local markets and states to participate in building a waste-free future. Together, Evergreen and the American Beverage Association have pooled key resources to make this project a priority, underscoring the importance of working across the public and private sectors to reduce the use of new plastic and protect the planet for future generations.”
“Evergreen is pleased to partner with the Ohio Beverage Association and Closed Loop Partners to expand our Clyde recycling and manufacturing facility and accommodate the heightened demand for rPET,” said Omar Abuaita, CEO of Greenbridge, the parent company of Evergreen. “This expansion project will double our manufacturing capacity of food-grade rPET and create new jobs while building on our company’s commitment to recycling, sustainability and closed loop solutions.”
This investment to expand Evergreen is the 10th of 13 initial projects that the beverage industry has committed to fund under Every Bottle Back, including recent investments in: Central Ohio; Marquette, Mich.; Ann Arbor, Mich.; and Kenosha, Wis. These investments total $10.6 million in committed funding and will yield an estimated 647 million more pounds of PET over 10 years.
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About the American Beverage Associations’ Every Bottle Back initiative
The Every Bottle Back initiative is an integrated and comprehensive initiative by The Coca-Cola Company, Keurig Dr Pepper and PepsiCo, alongside sustainability leaders Closed Loop Partners, The Recycling Partnership and World Wildlife Fund, designed to improve plastics circularity. These efforts support individual sustainability commitments undertaken by The Coca-Cola Company, Keurig Dr Pepper and PepsiCo.
Learn more about Every Bottle Back at www.EveryBottleBack.org.
About Evergreen
Evergreen, a division of Greenbridge, was established in 1998 to provide a sustainable, reliable supply of polyester resin for Greenbridge’s portfolio of PET strapping. Today Evergreen is among the nation’s largest plastic (PET) recyclers, collecting and processing more than two billion post-consumer PET bottles and currently produces a combined total of more than 80 million pounds of food-grade rPET annually at its locations in Clyde, Ohio, and Riverside, California. Evergreen is transforming plastic recycling with advanced robotics and state-of-the-art manufacturing lines. We are the preferred supplier of food grade rPET pellets and flake to many top global brands, helping customers increase recycled content in their plastic packaging, achieve sustainability goals and more fully participate in Environmental, Social and Governance programs. Learn More at www.EvergreenTogether.com.
About Closed Loop Partners
Closed Loop Partners is a New York-based investment firm comprised of venture capital, growth equity, private equity, project-based finance and an innovation center focused on building the circular economy. The firm has built an ecosystem that connects entrepreneurs, industry experts, global consumer goods companies, retailers, financial institutions, and municipalities, bridging gaps and fostering synergies to scale the circular economy. Learn more at www.closedlooppartners.com
To schedule an interview, please contact American Beverage’s Press Office at [email protected].
Disclaimer:
This publication is for informational purposes only, and nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy any interest in any investment vehicle managed by Closed Loop Capital Management or any company in which Closed Loop Capital Management or its affiliates have invested. An offer or solicitation will be made only through a final private placement memorandum, subscription agreement and other related documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor. Closed Loop Capital Management does not utilize its website to provide investment or other advice, and nothing contained herein constitutes a comprehensive or complete statement of the matters discussed or the law relating thereto. Information provided reflects Closed Loop Capital Management’s views as of a particular time and are subject to change without notice. You should obtain relevant and specific professional advice before making any investment decision. Certain information on this Website may contain forward-looking statements, which are subject to risks and uncertainties and speak only as of the date on which they are made. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. Closed Loop Capital Management undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Past performance is not indicative of future results; no representation is being made that any investment or transaction will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.
Sealed Air Invests $5 Million in Closed Loop Partners’ Circular Plastics Fund to Scale Plastics Recycling
August 10, 2021
The catalytic Fund aims to fill capital gaps and attract additional investment toward circular solutions that combat plastic waste in the United States and Canada
Aug 10, 2021 – New York – Sealed Air (NYSE: SEE), a leading packaging manufacturer, announced a $5 million investment in the Closed Loop Circular Plastics Fund to advance the recovery and recycling of plastics in the U.S. and Canada. This announcement follows an initial investment totaling $25 million from Dow, LyondellBasell and NOVA Chemicals, followed by a $5 million commitment by SK Global Chemical into the Fund.
SEE’s investment brings the Fund closer to its goal of deploying $100 million to advance scalable recycling technologies, equipment upgrades and infrastructure solutions. The Fund’s catalytic strategy fills investment gaps to spur recycling markets, attracting additional corporate investors and financial institutions and accelerating capital inflows beyond the Fund’s own commitments. At scale, the Fund’s investments aim to recycle more than 500 million pounds of plastics over the Fund’s lifespan.
“SEE’s investment in the Closed Loop Circular Plastics Fund demonstrates their commitment to be a part of the solution to plastic waste, marking a critical step in building a waste-free future for the plastics and packaging industry. Their scale and deep expertise in the space allow us to extend our reach even further and encourage other companies to invest more capital to scale critical sustainable solutions,” says Ron Gonen, Founder & CEO of Closed Loop Partners. “Current supplies of recycled plastics meet only 6% of demand for the most commonly used plastics in the U.S. and Canada. By investing in recycling infrastructure and innovation, we can ensure plastics are incorporated back into manufacturing supply chains after use, instead of going to landfills or the natural environment.”
As a global packaging, technology and solutions company with multiple brands and extensive reach, SEE’s investment in the Closed Loop Circular Plastics Fund demonstrates leadership in shaping a future that is more sustainable for the plastics and packaging industry. This investment is part of Sealed Air’s SEE Ventures initiative that invests in disruptive technologies and new business models. SEE’s investment in this fund builds on the company’s current sustainability and plastics pledge to design or advance packaging solutions to be 100% recyclable or reusable by 2025.
“We are driving the packaging industry to a future that is more sustainable, where plastics are recovered and reused in a scalable way,” said Ted Doheny, President & CEO of SEE. “Together we can make a bigger impact, and we are proud to join other companies to invest in this Fund and help advance recycling efforts and improve the circular economy for packaging, especially flexible plastics.”
The Closed Loop Circular Plastics Fund, managed by Closed Loop Partners, will invest in three strategic areas to increase the amount of recycled polyethylene (PE) and polypropylene (PP) available to meet the growing demand for high-quality, recycled content in products and packaging:
- Access – Increasing the collection of targeted (PE) and (PP) plastics by advancing current and next-generation material collection systems, including transportation, logistics and recycling sortation technologies and infrastructure.
- Optimization – Upgrading recycling systems to more efficiently aggregate, classify and sort the targeted plastics to increase the total amount of high-quality plastics, including food-grade and medical-grade plastics, sent for remanufacturing.
- Manufacturing – Investing in facilities and equipment that manufacture finished products, packaging or related goods using recycled content, including recycled PE and PP.
Since its founding in 2014, Closed Loop Partners’ existing portfolio of more than 50 investments has diverted more than 4,600 million pounds of material from landfills and back into manufacturing supply chains. Building on this, the Closed Loop Circular Plastics Fund will deploy a flexible mix of debt and equity financing, and will also aim to stimulate mainstream co-investments, including those from financial institutions, into circular solutions for plastics to further accelerate impact at scale.
About the Closed Loop Circular Plastics Fund at Closed Loop Partners
The Closed Loop Circular Plastics Fund provides catalytic financing to build circular economy infrastructure and improve the recovery of polypropylene and polyethylene plastic in the U.S. & Canada, returning plastics to more sustainable manufacturing supply chains for use as feedstock for future products and packaging. Learn more about the Fund’s investment criteria and apply for funding here.
The Fund’s goal of optimizing recovery infrastructure is one part of Closed Loop Partners’ broader initiative of Advancing Circular Systems for Plastics. This initiative prioritizes scaling reuse and refill models and reducing material usage in design, while bolstering the recovery infrastructure to address plastics waste.
About Closed Loop Partners
Closed Loop Partners is a New York-based investment firm comprised of venture capital, growth equity, private equity, project-based finance and an innovation center focused on building the circular economy. The firm has built an ecosystem that connects entrepreneurs, industry experts, global consumer goods companies, retailers, financial institutions and municipalities, bridging gaps and fostering synergies to scale the circular economy.
About Sealed Air
Sealed Air (NYSE: SEE) is in business to protect, to solve critical packaging challenges, and to make our world better than we found it. Our packaging technology, solutions, and systems create a safer, more resilient and less wasteful global food supply chain, enable e-commerce, and protect goods transported worldwide.
Our globally recognized brands include CRYOVAC® brand food packaging, SEALED AIR® brand protective packaging, AUTOBAG® brand automated systems, BUBBLE WRAP® brand packaging, and SEE™ Automation solutions.
SEE’s Operating Model, along with industry-leading experts in materials, engineering, technology, and science are driving our innovative solution systems to be more sustainable, automated, and digitally connected.
SEE is leading the packaging industry to create a more environmentally, socially, and economically sustainable future and has pledged to design or advance 100% of its packaging materials to be recyclable or reusable by 2025, and a bolder goal to reach net-zero carbon emissions in its global operations by 2040.The company is also committed to a diverse workforce and inclusive culture through its 2025 Diversity, Equity and Inclusion pledge.
SEE generated $4.9 billion in sales in 2020 and has approximately 16,500 employees who serve customers in 117 countries/territories. To learn more, visit sealedair.com.
Disclaimer:
This publication is for informational purposes only, and nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy any interest in any investment vehicle managed by Closed Loop Capital Management or any company in which Closed Loop Capital Management or its affiliates have invested. An offer or solicitation will be made only through a final private placement memorandum, subscription agreement and other related documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor. Closed Loop Capital Management does not utilize its website to provide investment or other advice, and nothing contained herein constitutes a comprehensive or complete statement of the matters discussed or the law relating thereto. Information provided reflects Closed Loop Capital Management’s views as of a particular time and are subject to change without notice. You should obtain relevant and specific professional advice before making any investment decision. Certain information on this Website may contain forward-looking statements, which are subject to risks and uncertainties and speak only as of the date on which they are made. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. Closed Loop Capital Management undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Past performance is not indicative of future results; no representation is being made that any investment or transaction will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.
CVS Health, Target & Walmart Together Launch In-store Pilots & Tests of New Design Solutions to Combat Plastic Waste
August 02, 2021
Leading Retailers Unite Within the Consortium to Reinvent the Retail Bag to Test In-Market Viability of Reuse Models in Northern California
NEW YORK, Aug. 2, 2021 /PRNewswire/ — Today, the Consortium to Reinvent the Retail Bag, managed by Closed Loop Partners, reached a significant milestone a year after its founding: the launch of a series of tests and first-of-a-kind multi-retailer pilots to advance sustainable alternatives to the single-use plastic bag and accelerate their potential to scale. The pilots will help refine winning solutions from the Consortium’s global Beyond the Bag innovation challenge, evaluating multiple factors, from technical feasibility to desirability, and will run over a six-week period.
Beyond the Bag Challenge winners ChicoBag, Fill it Forward, GOATOTE and 99Bridges will begin pilots across a total of nine stores of the Consortium’s Founding Partners––CVS Health, Target and Walmart––in Northern California. The solutions being tested include multiple reusable bag models, alongside enabling technologies, which help serve customers’ needs, extend the useful life of retail bags and provide visibility into the full lifecycle of a bag. Across the select stores, customers can sign up and try these new solutions, whether it’s to borrow, incentivize or receive reminders to use a reusable bag. The partnership among leading retailers’ different stores sets an exciting precedent; collaboration will help accelerate pathways to scale and help address the systemic challenge of plastic bag waste.
Photo Credit: Fill it Forward
Photo Credit: GOATOTE
Photo Credit: ChicoBag & 99Bridges
In addition to the in-store pilots, other winning solutions from the Beyond the Bag Challenge will be piloted and tested in different contexts. Returnity and Eon will pilot through Walmart delivery in select markets. This pilot will test a different part of the retail system, knowing that people shop in various ways––ranging from at home to in store. Domtar, PlasticFri and Sway––companies developing innovative, alternative materials to single-use plastic––will undergo rigorous material performance and recovery testing to optimize their designs to meet the needs of retailers and customers, and match the specifications of recycling and composting facilities.
“To permanently eliminate the 100 billion single-use plastic bags currently used every year in the U.S., we are working collaboratively to build retail solutions that better meet customer needs while lessening the impact on the environment. By testing new bag innovations in-store, we gain valuable insights that allow us to iterate quickly and expand to more communities,” says Kate Daly, Managing Director of the Center for the Circular Economy at Closed Loop Partners. In July 2020, the Center launched the Consortium to Reinvent the Retail Bag, a multi-year collaboration across retail sectors with Founding Partners CVS Health, Target and Walmart committing $15 million collectively. “Knowing that systems change does not happen overnight, these pilots are an essential step to test, incorporate customer and retailer feedback, and improve new solutions, exploring pathways to scale.”
This phase of experimentation is essential to the broader Consortium’s collaborative work, which includes additional Consortium Partners DICK’S Sporting Goods, Dollar General, The Kroger Co., The TJX Companies, Inc., Ulta Beauty, Ahold Delhaize USA Brands, Albertsons Companies, Hy-Vee, Meijer, Wakefern Food Corp., and Walgreens. The lessons learned from the pilots will help inform further iterations of the solutions and where more testing and investment is needed.
The tests and pilots are just one part of the Consortium’s complementary workstreams, which span innovation, advancing materials recovery through infrastructure investments, identifying best practices for policy and engaging consumers––all underpinned by work with key stakeholders across the entire bag value chain.
“We’re excited to pilot these new sustainable design solutions that can replace the single-use plastic retail bag,” says Eileen Howard Boone, Senior Vice President of Corporate Social Responsibility & Philanthropy and Chief Sustainability Officer at CVS Health. “Over the last several months, we’ve worked collaboratively with leading retailers and cutting-edge innovators, and we’re thrilled to now be able to bring our customers along on this journey to test these solutions.”
“We envision a retail industry where alternatives to the single-use plastic bag are easy and accessible for all communities. We’re proud to work together toward this goal alongside CVS Health and Walmart, as co-creation is key to our new sustainability strategy Target Forward,” says Amanda Nusz, Senior Vice President of Corporate Responsibility at Target and President of the Target Foundation. “We are thrilled to pilot these winning designs, as we know that collaboration and continuous iteration are integral to developing new potential solutions.”
“At Walmart, we believe climate change requires bold collective action. Minimizing plastic waste, in particular, depends on collaboration and cooperation across the retail industry,” says Jane Ewing, Senior Vice President of Sustainability at Walmart. “These pilots represent a unique and exciting industry-wide commitment towards a more sustainable future, and we are excited to work with the Consortium to Reinvent the Retail Bag and to be a catalyst for meaningful change.”
The pilots are set to run through early fall and the Consortium looks forward to sharing the insights that are gathered as we collaborate to build a more circular future for retail.
To learn more about the pilots, where they are happening and the innovators participating, visit the Consortium to Reinvent the Retail Bag’s website here.
About the Center for the Circular Economy at Closed Loop Partners
The Center for the Circular Economy at Closed Loop Partners unites competitors to tackle complex material challenges and to implement systemic change that advances the circular economy. Closed Loop Partners brings together designers, manufacturers, recovery systems operators, trade organizations, municipalities, policymakers and NGOs to create, invest in, and support scalable innovations that target big system problems.
The Center’s first initiative, the NextGen Consortium, assembled leading food and beverage companies, including McDonald’s and Starbucks, to identify and commercialize a widely recyclable, compostable and/or reusable cup. 12 winning cup solutions were selected and the Consortium is supporting the testing of these new solutions as well as conducting pilots to accelerate their path to scale. Learn more about the Center’s work here.
About the Consortium to Reinvent the Retail Bag
The Beyond the Bag Initiative, launched by the Consortium to Reinvent the Retail Bag, aims to identify, pilot and implement viable design solutions and models that more sustainably serve the purpose of the current retail bag. Closed Loop Partners’ Center for the Circular Economy launched the initiative with Founding Partners CVS Health, Target and Walmart. The Kroger Co. joined as Grocery Sector Lead Partner, DICK’S Sporting Goods joined as Sports & Outdoors Sector Lead Partner, Dollar General as Value Sector Lead Partner, TJX as Apparel & Home Goods Sector Lead Partner, and Ulta Beauty as Beauty Sector Lead Partner. Ahold Delhaize USA Brands, Albertsons Companies, Hy-Vee, Meijer, Wakefern Food Corp., and Walgreens are Supporting Partners, and Conservation International and Ocean Conservancy serve as Environmental Advisory Partners. IDEO is the Consortium’s Innovation Partner. Learn more about the Consortium here.
Contact: [email protected]
Ulta Beauty Joins the Consortium to Reinvent the Retail Bag
July 28, 2021
The nation’s largest beauty retailer joins leading retailers across grocery, home goods, sports and apparel, to help combat plastic bag waste
Ulta Beauty, Inc. (NASDAQ: ULTA), the leading beauty retailer in the U.S., joined the Consortium to Reinvent the Retail Bag as the Beauty Sector Lead Partner, working alongside 13 leading retailers, including Founding Partners CVS Health, Target and Walmart. The Consortium, through its Beyond the Bag Initiative, aims to identify, test and implement viable design solutions that more sustainably serve the purpose of the single-use plastic retail bag.
“Ulta Beauty represents a critical sector that must be at the table as the Consortium to Reinvent the Retail Bag identifies and tests the viability of innovative solutions to replace the single-use plastic bag,” says Kate Daly, Managing Director of the Center for the Circular Economy at Closed Loop Partners. “With the important addition of Ulta Beauty, an established leader, we can expand our reach even further, paving the way for a more sustainable retail industry, at scale.”
The Consortium, managed by Closed Loop Partners’ Center for the Circular Economy, spans multiple work streams with the goal of replacing current retail bags by fueling design innovation, advancing materials recovery and identifying best practices for policy and engaging consumers. As the Consortium’s Beauty Sector Lead Partner, Ulta Beauty will direct priorities and activities for the Beyond the Bag Initiative in the context of beauty retail. With more than 1,250 stores across 50 U.S. states, the retailer will work with Consortium Partners to explore viable alternatives to the single-use plastic bag and recommend applications that align with the sector’s needs and existing operations. Ulta Beauty is committed to bringing leading solutions to the industry as the company works to create a lasting, positive legacy on our environment and world.
The Beyond the Bag Initiative not only brings together major retailers as Consortium Partners, but also engages with stakeholders across the bag value chain, including suppliers, materials recovery facilities, municipalities, advocacy groups and others to collectively promote viable market solutions that can scale, and bring value to retailers, customers and end markets. The Consortium takes a holistic three-year approach to identify and scale affordable, accessible and less wasteful solutions. It will aim to test current innovations, and advance long-term solutions to ensure that the industry is designing both for today and tomorrow’s needs.
SK Global Chemical Invests $10 Million with Closed Loop Partners to Scale Best-in-Class Plastics Recycling Solutions & Catalyze the Shift Toward a Circular Economy
July 27, 2021
With a rapidly evolving plastics industry and increasingly urgent climate challenges, SK Global Chemical joins leaders Dow, LyondellBasell & NOVA Chemicals, among others, in paving differentiated and globally sustainable ways forward for the industry
July 27, 2021, New York – Today, SK Global Chemical (SKGC) announced their investment in two of Closed Loop Partners’ funds––the Closed Loop Circular Plastics Fund and the Closed Loop Leadership Fund––to advance circular business models, scalable recycling technologies, and materials recovery infrastructure in the U.S. and Canada. Their investment will help increase the supply of high-quality recycled content to meet growing demand, return valuable materials to manufacturing supply chains and ultimately reduce extraction of virgin resources. SKGC and Closed Loop Partners’ collaboration is a critical step in demonstrating what the future of a fully circular plastics system could look like and sending a market signal to others to spur recycling markets that must mature more quickly.
“Plastics manufacturers play a key role in building circular systems for plastics––they are at the early stages of the supply chain, helping determine the quality, sustainability and recyclability of the plastics that flow through the entire system. It’s critical that these stakeholders adapt to the changing times and expectations; antiquated business models that rely on virgin plastics are no longer viable when confronted with limited natural resources and mounting plastic waste,” says Ron Gonen, Founder & CEO of Closed Loop Partners. “SK Global Chemical’s investment in our funds helps catalyze circular plastics supply chains in the U.S. and Canada, while also providing for the exchange of best practices with Asia, accelerating a circular economy at a much larger scale.”
SKGC’s investment with Closed Loop Partners builds on their ‘Zero Plastic Waste’ goals and efforts to bolster innovations across the plastics recycling system. Under their “Green For Better Life” strategy, SKGC continues to grow plastics recycling capacity globally. The company aims to recycle 900 thousand tons of plastic waste per year by 2025, lower their use of plastics, and make all of its products eco-friendly, by 2027. SKGC has formed strategic partnerships with cutting-edge advanced plastics recycling companies in North America, invested on-the-ground in new facilities that transform plastic waste into virgin-like plastics, and continues to optimize mechanical recycling infrastructure to reduce overall virgin plastic consumption. One of the reasons SKGC chose to collaborate with Closed Loop Partners is to expand its connections to a roster of leading companies working toward the circular economy, comprising both multinationals with extensive scale and emerging innovators introducing differentiated sustainable solutions. Their investment with Closed Loop Partners aligns with ambitions of their parent company, SK Innovation, to transition from “carbon to green” by investing more than $20 billion in five years.
SKGC’s investment in Closed Loop Partners’ Circular Plastics Fund, launched in May with Founding Investors Dow, LyondellBasell and NOVA Chemicals, brings the Fund closer to its goal of deploying $100 million to advance the recovery of plastics in the U.S. and Canada. The Fund’s catalytic strategy fills investment gaps to spur recycling markets, attracting additional corporate investors and financial institutions and accelerating capital inflows beyond the Fund’s own commitments. The Fund will invest in three strategic areas to increase the amount of high-quality recycled plastic available:
- Access – Increasing the collection of targeted polyethylene (PE) and polypropylene (PP) plastics by advancing current and next-generation material collection systems, including transportation, logistics and recycling sortation technologies and infrastructure.
- Optimization – Upgrading recycling systems to more efficiently aggregate, classify and sort the targeted plastics to increase the total amount of high-quality plastic, including food-grade and medical-grade plastic, sent for remanufacturing.
- Manufacturing – Investing in facilities and equipment that manufacture finished products, packaging or related goods using recycled content, including recycled PE and PP.
The Closed Loop Leadership Fund, Closed Loop Partners’ private equity arm, is a complementary market rate strategy that proves the growth and profitability of circular economy business models. The Fund acquires and scales best-in-class companies along the value chain to build circular supply chains in the U.S.––focused on extending the useful life of materials, including plastics and packaging, organics, electronics and apparel. The Fund’s value creation strategy focuses on driving resilient profitability for businesses that optimize supply chains, keep materials out of landfill and advance the circular economy.
Since its founding in 2014, Closed Loop Partners has made more than 50 investments, diverting more than 4,600 million pounds of material from landfills and back into manufacturing supply chains. The New York-based investment firm and innovation center accelerates the circular economy through a suite of solutions––including investments and research in design innovation that reduces material use and resource extraction, reuse systems that extend the useful life of valuable materials, and mechanical recycling infrastructure and advanced recycling technologies that together help recover plastics. Building on its proven track record, and extensive ecosystem of entrepreneurs, industry experts, global consumer goods companies, retailers, financial institutions and municipalities in North America, Closed Loop Partners is well positioned to form key partnerships and drive strategic investments to advance SKGC’s goals.
Na Kyung-soo, CEO of SK Global Chemical says, “We aim to build systems that keep plastics in circulation, meeting the needs of people around the world, without compromising the natural environment. Our investment with Closed Loop Partners not only helps us advance these goals, but opens doors to new strategic partnerships with leading companies that share the same vision of advancing circular systems for plastics. As a plastics manufacturer, we recognize our responsibility in transforming plastics supply chains to collect and reuse existing materials, and know that collaborating across industries is essential to system-wide impact. We look forward to working with Closed Loop Partners and their network to drive toward our shared goals.”
In accordance with SKGC’s strategic imperatives, by 2025 SKGC will invest 500 million USD to build a cutting edge advanced plastics recycling plant in Korea.
About Closed Loop Partners
Closed Loop Partners is a New York-based investment firm comprising venture capital, growth equity, private equity, project-based finance and an innovation center focused on building the circular economy. The firm has built an ecosystem that connects entrepreneurs, industry experts, global consumer goods companies, retailers, financial institutions and municipalities, bridging gaps and fostering synergies to scale the circular economy. Learn more about Closed Loop Partners here.
About the Closed Loop Circular Plastics Fund at Closed Loop Partners
The Closed Loop Circular Plastics Fund provides catalytic financing to build circular economy infrastructure and improve the recovery of polypropylene and polyethylene plastic in the U.S. & Canada, returning plastics to more sustainable manufacturing supply chains for use as feedstock for future products and packaging. Learn more about the Fund’s investment criteria and apply for funding here.
About the Closed Loop Leadership Fund at Closed Loop Partners
The Closed Loop Leadership Fund is Closed Loop Partners’ market rate private equity fund, focused on acquiring and scaling best-in-class circular business models that are fundamental to keeping plastics and packaging, food and organics, electronics and textiles out of landfills and within a circular system. Learn more about the Closed Loop Leadership Fund here.
About SK Global Chemical
In 1972, SK global chemical laid the foundation for the development of the petrochemical industry by operating the first naphtha-cracking facility in Korea. They provide various automotive & packaging products and solutions required by customers and markets, and are growing into a technology-based global chemical company through continuous R&D efforts and global expansion.
SK global chemical will achieve its vision, ‘Green for Better Life’, by establishing a plastics-based circular economy, collaborating with various partners and stakeholders. They will expand their portfolio of eco-friendly products and will continuously recycle beyond the amount of plastics that they produce, in order to realize and leverage the sustainability efforts that will benefit our planet. Learn more about SKGC here.
Disclaimer:
This publication is for informational purposes only, and nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy any interest in any investment vehicle managed by Closed Loop Capital Management or any company in which Closed Loop Capital Management or its affiliates have invested. An offer or solicitation will be made only through a final private placement memorandum, subscription agreement and other related documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor. Closed Loop Capital Management does not utilize its website to provide investment or other advice, and nothing contained herein constitutes a comprehensive or complete statement of the matters discussed or the law relating thereto. Information provided reflects Closed Loop Capital Management’s views as of a particular time and are subject to change without notice. You should obtain relevant and specific professional advice before making any investment decision. Certain information on this Website may contain forward-looking statements, which are subject to risks and uncertainties and speak only as of the date on which they are made. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. Closed Loop Capital Management undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Past performance is not indicative of future results; no representation is being made that any investment or transaction will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.
Just Salad Receives Investment from Leading Circular Economy Investor Closed Loop Partners; Plans to Expand Geographic Footprint and Zero-Waste Programs
July 20, 2021
Just Salad demonstrates pathway to scale reusables across food service industry with pioneering Reusable Bowl program
NEW YORK, NY–(BUSINESS WIRE)–Just Salad, a fast-casual restaurant concept with a mission to make everyday health and everyday sustainability possible, announced today that it has completed its largest ever capital raise, with participation by the circular economy-focused investment firm Closed Loop Partners, as well as returning investor Panda Restaurant Group, the parent company of Panda Express®.
Just Salad will use the capital to expand its geographic footprint and implement new environmental sustainability and technology initiatives. Currently the brand has 47 locations in New York, New Jersey, Illinois, Pennsylvania, North Carolina, Florida, and Dubai, and plans to double its footprint over the next two years.
Founded in 2006, Just Salad is the fast-casual restaurant industry’s leading proponent of zero-waste practices. In 2022, Just Salad will expand its award-winning Reusable Bowl Program to digital orders and offer participating customers loyalty rewards in its mobile app, further encouraging sustainable eating on the go.
Just Salad is the first restaurant investment for Closed Loop Partners, a New York-based investment firm and innovation center focused on scaling the circular economy in North America and beyond. Their investments align capitalism with positive social and environmental impact, driving toward zero-waste “closed loop” systems that benefit people, the planet and business. The partnership with Just Salad builds on and complements Closed Loop Partners’ existing work to advance sustainable food packaging, including investments in companies who focus on alternative materials and reuse systems, and their leadership in the NextGen Consortium, an industry partnership that advances the design, commercialization and recovery of sustainable food packaging alternatives.
“We are impressed with Just Salad’s innovative approach to embedding zero-waste principles across their business. They are a pioneer of reuse models at scale, creating the world’s largest restaurant reusable program and illustrating their commitment to extending the life of valuable packaging materials,” said Ron Gonen, Founder and CEO of Closed Loop Partners. “Their continued growth demonstrates the viability, feasibility and desirability of circular business models.”
“It has been rewarding to be part of Just Salad’s journey since the start of our partnership in 2014. Their growth in urban and suburban markets is impressive and is the result of great operations and focus on people development,” said Andrew Cherng, Co-Founder and Co-CEO of Panda Restaurant Group, the largest Asian dining concept in the U.S. with restaurant concepts in more than ten countries. “We are looking forward to supporting this next phase of Just Salad’s expansion and the impact they will make through their upcoming initiatives.”
Nick Kenner, Founder and CEO of Just Salad, said of the company’s future, “The white space for Just Salad is truly incredible. Just Salad is on its way to becoming a larger part of the national landscape and that means unrivaled, craveable food and more sustainable eating for America in general. The tailwinds are strong, and it’s about executing at a high level while still focusing on each and every customer.”
About Just Salad
Just Salad is a fast-casual concept with a mission to make everyday health and everyday sustainability possible. Empowering customers to eat with purpose, Just Salad is home of the world’s largest restaurant reusable bowl program and is the first U.S. restaurant chain to carbon label its menu. The company was founded in 2006 in New York City and has 47 locations across New York, New Jersey, Florida, Illinois, Pennsylvania, North Carolina, and Dubai. Learn more at justsalad.com.
About Closed Loop Partners
Closed Loop Partners is a New York-based investment firm comprised of venture capital, growth equity, private equity, project-based finance and an innovation center focused on building the circular economy. The firm has built an ecosystem that connects entrepreneurs, industry experts, global consumer goods companies, retailers, financial institutions and municipalities, bridging gaps and fostering synergies to scale the circular economy.
Closed Loop Partners and ERI Enter Strategic Partnership to Strengthen Innovative Circular Economy Supply Chains
July 14, 2021
Closed Loop Partners makes a significant strategic investment in ERI; Founder & CEO Ron Gonen will join ERI’s Board
NEW YORK–(BUSINESS WIRE)–ERI, the nation’s largest fully integrated IT and electronics asset disposition provider and cybersecurity-focused hardware destruction company and Closed Loop Partners, the leading investment firm focused on building the circular economy in North America and beyond, have announced that they have entered into a partnership.
As part of the partnership, Closed Loop Partners’ Leadership Fund, part of the private equity group at Closed Loop Partners, has made a significant strategic investment in ERI. The Closed Loop Leadership Fund, established in 2019, focuses on investing in and scaling businesses fundamental to keeping packaging, organics, electronics and apparel out of landfills and within a circular system. Investors in the Fund include Microsoft, Nestlé and Unilever as well as institutional investors and family offices. Ron Gonen, Founder and CEO of Closed Loop Partners has also been elected to ERI’s board of directors.
“ERI is the leading recycler of electronics in the United States, consistently demonstrating the viability of closed loop systems for high value materials,” said Gonen. “Globally, we discard $55 billion in e-waste annually, and the waste stream is projected to grow more rapidly in the coming years, diverting these materials from landfills and back into manufacturing supply chains is critical. Our partnership with ERI will strengthen circular supply chains that ultimately benefit people, the planet and business.”
“This is the perfect time for a partnership between ERI and Closed Loop Partners,” said John Shegerian, ERI’s Chairman/CEO. “Due to a perfect storm of innovation, the internet of things, cars essentially becoming computers on wheels, an increase in wearable tech, the 4G to 5G switchover, increasing consumption, data privacy issues and other factors, e-waste is the fastest growing waste stream in the world – growing at a rate five times faster than any other waste stream. By partnering with our longtime friends at Closed Loop Partners, we are ideally positioned to play a meaningful role in accelerating change.”
“We are also honored to have Ron Gonen join our board,” added Shegerian. “It was Ron who introduced us to AMP Robotics, our partners in the development and implementation of our first-in-industry AI-driven robotic systems currently increasing operational efficiencies in our recycling facilities. He was also serving as Deputy Commissioner of Sanitation, Recycling and Sustainability for New York City when ERI teamed with the city to launch the city’s groundbreaking and award-winning residential e-waste pickup and recycling program, ecycleNYC. So there is tremendous synergy there. As a thought leader, Ron has already provided tremendous guidance and insight in terms of the circular economy and we are incredibly excited to be entering into this new level of collaboration with him and his team at Closed Loop Partners.”
About Closed Loop Partners
Closed Loop Partners is a New York-based investment firm comprised of venture capital, growth equity, private equity, project-based finance and an innovation center focused on building the circular economy. Since its founding in 2014, Closed Loop Partners’ existing portfolio of more than 50 investments has diverted more than 4,600 million pounds of material from landfills and back into manufacturing supply chains. The firm has built an ecosystem that connects entrepreneurs, industry experts, global consumer goods companies, retailers, financial institutions and municipalities, bridging gaps and fostering synergies to scale the circular economy.
About ERI
ERI is the largest fully integrated IT and electronics asset disposition provider and cybersecurity-focused hardware destruction company in the United States. ERI is certified at the highest level by all leading environmental and data security oversight organizations to de-manufacture, recycle, and refurbish every type of electronic device in an environmentally responsible manner. ERI has the capacity to process more than a billion pounds of electronic waste annually at its eight certified locations, serving every zip code in the United States. ERI’s mission is to protect people, the planet and privacy. For more information about e-waste recycling and ERI, call 1-800-ERI-DIRECT or visit https://eridirect.com.
Contacts
ERI: Paul Williams, 310/569-0023, [email protected]
Closed Loop Partners: Georgia Sherwin, 929/427-7786, [email protected]
Disclaimer:
This publication is for informational purposes only, and nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy any interest in any investment vehicle managed by Closed Loop Capital Management or any company in which Closed Loop Capital Management or its affiliates have invested. An offer or solicitation will be made only through a final private placement memorandum, subscription agreement and other related documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor. Closed Loop Capital Management does not utilize its website to provide investment or other advice, and nothing contained herein constitutes a comprehensive or complete statement of the matters discussed or the law relating thereto. Information provided reflects Closed Loop Capital Management’s views as of a particular time and are subject to change without notice. You should obtain relevant and specific professional advice before making any investment decision. Certain information on this Website may contain forward-looking statements, which are subject to risks and uncertainties and speak only as of the date on which they are made. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. Closed Loop Capital Management undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Past performance is not indicative of future results; no representation is being made that any investment or transaction will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.
Industry Statement: Response to California Commission Omission of Polypropylene from CA Statewide Recyclable List Recommendation to CalRecycle
July 01, 2021
The following is a joint statement attributable to Steve Alexander, President, and CEO, The Association of Plastic Recyclers; Ron Gonen, CEO, Closed Loop Partners; and Keefe Harrison, CEO, The Recycling Partnership: