Closed Loop Partners Invests $5 Million In Myplas to Expand Polyethylene Recycling

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June 07, 2022

Investment Will Help Catalyze a Circular Economy for PE Film and Food-Grade HDPE Packaging in the Upper Midwest

NEW YORK, NY (June 7, 2022) Closed Loop Partners announced Tuesday that its Closed Loop Infrastructure Fund and Closed Loop Circular Plastics Fund committed $5 million to help establish a state-of-the-art flexible film recycling plant in Minnesota. The project, led by the MBOLD coalition, brings the business community together with research institutions to develop a regional circular economy for flexible films and other plastic packaging materials in the Upper Midwest region of the U.S.

Closed Loop Partners’ funds represent investors including many of the world’s largest retailers, consumer goods companies, corporate foundations and material science companies. The investment in this project, launched by a coalition of Minnesota companies with MBOLD, aims to grow recycling infrastructure and increase the supply of recycled materials available for use. The facility will be the first in the United States for South African recycler Myplas. Slated to begin operations in spring 2023, this new 170,000-square-foot mechanical recycling plant will produce recycled LDPE pellets and food-grade HDPE pellets. It aims to recycle nearly 90 million pounds of material annually at full capacity, diverting these valuable materials from landfill.

“There is growing demand for recycled polyethylene across the value chain, yet only 11% of polyethylene film is recovered in North America today,” said Ron Gonen, Founder & CEO of Closed Loop Partners. “This new facility is an important piece of circular economy infrastructure needed to develop local market capacity to manage hard-to-recycle plastics. It’s projects like these that contribute to solutions to meet the demand for recycled materials, reduce greenhouse gas emissions, divert valuable materials from landfill and eliminate natural extraction.”

“This is a very important step to advance recycling capability in the U.S. and particularly in the Upper Midwest,” said Andrew Pieterse, CEO of Myplas USA. “We’re very excited and proud to establish our first plant in Minnesota with the State itself and many important global brands headquartered here, investing in and supporting this initiative. The funds and support provided by Closed Loop Partners will be critical to ensure our collective success.”

Myplas’ new $24 million plant is under construction in Rogers, Minn., northwest of Minneapolis, and at full capacity will employ about 300 people. Learn more about the project’s partners here.

About Closed Loop Partners

Closed Loop Partners is a New York-based investment firm comprised of venture capital, growth equity, private equity and catalytic capital, as well as an innovation center focused on building the circular economy. Investments align capitalism with positive social and environmental impact by reducing waste and greenhouse gas emissions via materials innovation, advanced recycling technologies, supply chain optimization and landfill diversion. Learn more at closedlooppartners.com

About the Closed Loop Infrastructure Fund at Closed Loop Partners

Established in 2014 and funded by some of the world’s largest retailers, corporate foundations, technology and consumer goods companies. The Closed Loop Infrastructure Fund provides below-market rate loans to finance projects that build out circular economy infrastructure in the United States. Investors include 3M, Amazon, Coca-Cola, Colgate-Palmolive, Johnson & Johnson, BlueTriton, Keurig Dr Pepper, Procter & Gamble, PepsiCo, Danone North America, Danone Waters, Starbucks, Unilever and Walmart Foundation. Learn more about the Fund’s investment criteria and apply for funding 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. Investors include Dow, LyondellBasell, NOVA Chemicals, Sealed Air and SK Geo Centric Co. Ltd. Learn more about the Fund’s investment criteria and apply for funding here

Closed Loop Partners Pledges up to $5 Million to Support Innovations from RRS NextCycle Initiative

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April 11, 2022

Closed Loop Partners, through its Closed Loop Infrastructure Group, pledges support to Resource Recycling Systems’ (RRS) NextCycle, a customizable accelerator-style program that facilitates connections and nurtures innovation to create circular economies.

Closed Loop Partners, a circular economy-focused investment firm and innovation center, will work collaboratively with participating states in the NextCycle initiative – currently Colorado, Michigan, and Washington – to identify opportunities to provide competitively priced and flexible financing to organizations and municipalities, up to $5 million per project.

RRS, a sustainable material and resource consulting firm, manages and facilitates NextCycle. Selected teams in the NextCycle initiative receive access to business, industry, and investment experts to develop project plans, make connections with partners and funders, and cultivate investment-ready and implementation-ready projects.

“For a circular economy to be robust and economically sustainable it needs a continuous flow of recycled materials, a viable recycling infrastructure, and accessible end markets,” said Jim Frey, RRS co-founder and CEO. “By leveraging state funds and accelerating the flow of private and non-profit capital into projects focused on infrastructure, technology, and supply chains, we can help mobilize recycling efforts in NextCycle states.”

Initially, this partnership will support innovative recycling projects in three NextCycle markets – Colorado, Michigan, and Washington. Each state, through its NextCycle initiative, will identify projects that develop recovery infrastructure solutions for post-consumer recyclable materials with a focus on polyethylene terephthalate (PET) and aluminum, optimize innovative collection systems for polyethylene (PE) and polypropylene (PP), and divert from landfill back into the supply chain. Over the next three years of partnership, Closed Loop Partners will closely collaborate with the various NextCycle initiatives, identifying investable opportunities that advance collective circularity goals.

“Building a robust circular economy requires multiple stakeholders to be at the table. Closed Loop Partners is thrilled to collaborate with RRS and NextCycle to help identify and accelerate the most promising solutions,” said Jennifer Louie, Executive Director at Closed Loop Partners. “This partnership will continue to drive innovation and develop equitable local economies, while keeping valuable materials in play and out of landfills.”

Since 2014, Closed Loop Partners has invested in circular innovations, with an existing portfolio of more than 50 investments that have collectively diverted more than 4,600 million pounds of material from landfills and back into manufacturing supply chains. The firm’s Closed Loop Infrastructure Group deploys catalytic capital across a range of circular economy projects, companies, infrastructure and enabling technologies. Past investments include a recycling facility expansion and upgrade that included the first artificial intelligence-powered material sorting robots aimed at improving efficiency in Emmet County, Michigan, as well as a new single-stream recycling facility estimated to process thousands of tons of recyclables per year in rural Marquette County, Michigan.

More information on NextCycle can be found on the RRS website: RRS NextCycle.

 

 


 

About Closed Loop Partners 

Closed Loop Partners is a New York-based investment firm comprised of venture capital, growth equity, private equity and catalytic capital, as well as an innovation center focused on building the circular economy. Investments align capitalism with positive social and environmental impact by reducing waste and greenhouse gas emissions via materials innovation, advanced recycling technologies, supply chain optimization and landfill diversion. Learn more at www.closedlooppartners.com. 

 

About Closed Loop Infrastructure Group 

Closed Loop Partners’ Infrastructure Group provides a flexible mix of financing solutions to support a range of circular economy projects, companies, infrastructure and enabling technologies. The Closed Loop Infrastructure Group deploys catalytic capital, which seeks to accelerate and de-risk the development of high-impact projects and companies. The Group manages four active funds: the Closed Loop Infrastructure Fund, Closed Loop Beverage Fun, Closed Loop Circular Plastics Fund and Closed Loop Local Recycling Fund. Learn more here 

About RRS 

Founded in 1986 and headquartered in Ann Arbor, Michigan, RRS is a sustainability and recycling consulting firm that strives to create a world where resources are managed to maximize economic and social benefit while minimizing environmental harm. The firm has industry professionals, engineers, economists, technical analysts, and communication specialists who share this vision and possess core strengths in materials and recovery, life cycle management, applied sustainable design, and collaborative action development. www.recycle.com

 

Source: RRS

Nation’s Largest Project to Modernize Recycling Collection Launched in Baltimore

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September 30, 2021

Funded by a groundbreaking public-private partnership, the project advances safer, more efficient, and equitable recycling access for nearly 200,000 Baltimore households

BALTIMORE (Sept. 30, 2021) – The City of Baltimore today launched delivery of nearly 200,000 curbside recycling carts, a $10 million-plus project estimated to increase recycling output per household by 80% and generate as much as 40 million pounds of new recyclables each year. The initiative to bring equitable curbside recycling access to the City’s 609,000 residents was made possible by a groundbreaking collaboration brought together by The Recycling Partnership, with the American Beverage Association’s Every Bottle Back initiative, Closed Loop Partners, Dow, the Baltimore Civic Fund, and Rehrig Pacific. The program will also help collect and recycle nearly 30 million new pounds of plastic over 10 years, including 16 million new pounds of polyethylene terephthalate (PET), commonly found in beverage bottles, that might otherwise have gone to waste.

This innovative public-private partnership includes a $3.6 million investment from The Recycling Partnership, consisting of $1.65 million from the beverage industry, a plastic resin donation for recycling carts from Dow, and large, lidded rollout recycling carts manufactured by Rehrig Pacific. This is bolstered by a $3 million investment from Closed Loop Partners’ Infrastructure Fund, which finances projects that grow and strengthen recycling and circular economy infrastructure in the United States. This first of its kind collaboration will help Baltimore provide free, larger recycling carts to nearly 200,000 households to collect and process more recyclable materials, including beverage bottles and cans. As part of the effort, the city will launch a recycling education campaign to inform the public about the new recycling carts and what can and cannot be recycled.

“Making Baltimore more sustainable through diverting waste from our landfills and incineration is key as we lay the groundwork for future generations,” said Mayor Brandon M. Scott. “By providing our residents with the proper resources and education thanks to this partnership, I know that more Baltimore households will do their part to reduce waste and recycle.”

“This unique public-private partnership has culminated in The Recycling Partnership’s largest recycling grant to date, providing an innovative solution that will meaningfully increase recycling rates and serve as a model for other cities,” said Cody Marshall, Chief of Community Strategy at The Recycling Partnership. “Cart-based recycling collection is a foundational element to any community’s recycling and sustainability program. Providing curbside recycling carts to all households makes waste diversion convenient for all while streamlining program operations – the definition of resiliency and sustainability.”

“The beverage industry’s Every Bottle Back initative seeks to achieve a truly circular economy for our 100% recyclable bottles through innovative public-private partnerships that improve recycling infrastructure and education in key regions of the country,” said Katherine Lugar, president and chief executive officer of the American Beverage Association.  “Our collaboration in Baltimore ensures equitable access to recycling and that valuable materials, like our beverage bottles, are collected and remade into new bottles as intended keeping plastic out of the environment.”

Launched in 2019 by the American Beverage Association, Every Bottle Back is an unprecedented initiative to reduce the beverage industry’s plastic footprint by increasing the number of bottles collected and remade into new ones. Every Bottle Back brings together The Coca-Cola Company, Keurig Dr. Pepper, and PepsiCo with leading environmental and sustainability organizations – World Wildlife Fund, Closed Loop Partners, and The Recycling Partnership – to support the circular plastics economy.

“This marks a significant milestone in our collective work with the City of Baltimore and other key stakeholders ––proving what is made possible through meaningful collaboration. Strengthening the City’s local recycling system lays the groundwork for improved recycling rates, and ultimately, reduces the amount of valuable materials going to landfill or into nature,” says Ron Gonen, Founder & CEO of Closed Loop Partners. “We are proud to be a part of this groudbreaking partnership, and look forward to our continued work to advance more resilient and accessible recycling infrastructure across the United States.”

The City’s transition to automated recycling collection, a process that does not require collection staff to leave the truck’s cab, with larger, lidded recycling carts enables safer and more efficient collection, reduces the amount of manual labor needed, helps to prevent injury to collection staff, and ensures continuity of service during labor shortages, while minimizing waste in waterways and providing residents with increased storage capacity for their recyclables at the same time.

Baltimore’s Department of Public Works has called it a game-changer for the City’s waste diversion plan and the foundation for a brighter, cleaner Baltimore for generations to come. The delivery of free recycling carts is one of the key recommendations in the city’s Less Waste, Better Baltimore Planwhich identified options for improving solid waste diversion, recycling, and disposal.

“The Department of Public Works is excited to support this new initiative to increase recycling and waste diversion in Baltimore City,”said Baltimore City Department of Public Works Director Jason W. Mitchell. “We are grateful for the Mayor’s vision of a cleaner and more equitable Baltimore and the collaboration between Baltimore Civic Fund, The Recycling Partnership and Closed Loop Partners to make this a reality for the residents of our city. Essential to this critical partnership is the education component, which provides residents with helpful tips on proper recycling.”

As the new recycling carts are made from plastic resin, the roll-out of recycling carts to all Baltimore households would not have been possible without the generous donation of plastic resin from Dow or cart production by Rehrig Pacific, contributions that reduced the city’s infrastructure investment needs.

The Recycling Partnership’s recent Paying It Forward report shows that 40% of Americans don’t have equitable access to recycling and this project’s collaborative solution accelerates closing that gap for the eighth-largest city in the United States without universal cart recycling access, a key driver in the city launching its ambitious zero-waste goal.

“This collaboration will be a critical step in creating a more sustainable and circular community in Baltimore,” said Diego Donoso, president, Dow Packaging & Specialty Plastics. “I hope this project is just the beginning of future collaborations to bring improved recycling infrastructure across this country.”

“It’s exciting when our expertise and a city’s need align so perfectly,” said Marc Scott, Vice President of Environmental at Rehrig Pacific. “Sustainability is truly at the core of this company, and our ability to manufacture these carts from post-consumer content was an ideal solution to help the City of Baltimore continue as a leader in sustainability and innovation. Making a difference in communities while bringing sustainable manufacturing solutions to our partners is what brings real value in our line of work.”

Baltimore expects the delivery of recycling carts to be completed in early 2022.

 

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 230 million pounds of new recyclables from landfills, saved 465 million gallons of water, avoided more than 250,000 metric tons of greenhouse gases, and drove significant reductions in targeted contamination rates. Learn more at recyclingpartnership.org.

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 CompanyKeurig Dr Pepper and PepsiCo.

Learn more about Every Bottle Back at www.EveryBottleBack.org.

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

About Dow

Dow (NYSE: DOW) combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth. The Company’s ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company, with a purpose to deliver a sustainable future for the world through our materials science expertise and collaboration with our partners. Dow’s portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer care. Dow operates 106 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately $39 billion in 2020. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter.

About Rehrig Pacific

Founded in 1913, Rehrig Pacific’s products and solutions create value for their customers’ products and ideas as they move throughout the global supply chain. The company’s proven success comes from focusing on the needs of its customers’ customer, integrating technology to eliminate waste, enhancing the consumer experience, continually delivering solutions that are simple and easy to implement, and providing ideas that are driven by a relentless commitment to sustainability. Learn more at www.RehrigPacific.com.

About The Baltimore Civic Fund

As the fiscal sponsor for the City of Baltimore, the Baltimore Civic Fund serves as the financial backbone for public-private partnerships between innovative City programs and the philanthropic community. In this role, the Civic Fund manages $12 million annually for more than 125 City programs that promote business and economic development, culture and the creative economy, job growth, and more. Working alongside the Mayor of Baltimore and City leadership, the Civic Fund strives to serve as a hub for connection and coordination between the City of Baltimore and the philanthropic community, helping to realize a vision of an inclusive city where all Baltimore residents prosper.

 

Featured Photo: Mayor Brandon M. Scott delivering recycling carts in Baltimore. Photographer: Danielle Smotkin, American Beverage Association

 

Closed Loop Partners and Every Bottle Back Invest $5 Million in Evergreen to Expand Bottle-to-Bottle Plastics Recycling

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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 CompanyKeurig 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].

Unique Public-Private Partnership to Modernize Baltimore’s Recycling Collection and Infrastructure

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June 23, 2021

Investment and collaboration will make recycling safer, more accessible, and bring the City of Baltimore closer to Zero Waste

(June 23, 2021) The City of Baltimore announced today a groundbreaking collaboration brought together by The Recycling Partnership, with American Beverage’s Every Bottle Back initiative, Closed Loop Partners, Dow Packing & Specialty Plastics, the Baltimore Civic Fund, and Rehrig Pacific that will greatly expand Baltimore residents’ access to safe, effective recycling and improved collection infrastructure.This innovative public-private partnership supports a $9.5 million project, consisting of a $3 million total investment from The Recycling Partnership, which includes $1.65 million from the beverage industry, a plastic resin donation for recycling carts from Dow Packing & Specialty Plastics, and lidded rollout carts manufactured by Rehrig Pacific, as well as a $3 million investment from Closed Loop Partners’ Infrastructure Fund. This first of its kind collaboration will help Baltimore provide free recycling carts to 190,000 households to collect and process more recyclable materials, including beverage bottles and cans. As part of the effort, the city will launch a recycling education campaign to inform the community about the new carts and what can and cannot be recycled.

The Recycling Partnership and Closed Loop Partners have estimated that providing Baltimore households with modern recycling carts has the potential to generate an estimated 40 million new pounds of all recyclables per year – an 80% increase of recyclables per household in Baltimore. The program will also help collect and recycle nearly 30 million new pounds of plastic over 10 years, including 16 million new pounds of polyethylene terephthalate (PET) that might otherwise have gone to waste.

“The collaboration with The Recycling Partnership and Closed Loop Partners is essential for fostering a recycling culture in Baltimore,” said Mayor Brandon M. Scott. “My administration is committed to implementing the City’s Less Waste, Better Baltimore Plan and building greener, healthier communities.”Baltimore is the eighth-largest city in the United States without universal cart recycling access, a key driver in the city launching an ambitious zero-waste goal.

“Delivering free recycling carts to Baltimore City households will simply be a gamechanger for our waste diversion plan,” said Baltimore City Department of Public Works Acting Director Jason W. Mitchell. “By diverting waste from landfills, we not only decrease the workload on our routine services crews, who have been stellar throughout the pandemic, but we also lay the foundation to build a more sustainable and cleaner Baltimore for generations to come.” Providing residents with a free recycling cart is one of the key recommendations in the city’s Less Waste, Better Baltimore Planwhich has identified options for improving solid waste diversion, recycling, and disposal in the city. Previously, Baltimore households who participated in the city’s weekly recycling collections had to provide their own carts.

“This is The Recycling Partnership’s single largest recycling grant to date, and I’m thrilled that it’s in Baltimore. Building a multi-million-dollar grant like this one takes time and trust. We see a skilled and dedicated staff ready to ensure that Baltimore’s new, free recycling program reaches community wide, serving the greater public with this key to protecting the environment.” said Keefe Harrison, CEO of The Recycling Partnership. “The Baltimore public can take pride in knowing that they’re part of one of the most unique public-private partnerships to improve recycling. This hybrid of grant, investments, and donation of plastic resin to make the recycling carts themselves is the type of collaboration worthy of celebration.”

Launched in 2019 by American Beverage, Every Bottle Back is an unprecedented initiative to reduce the beverage industry’s plastic footprint by increasing the number of bottles that are collected and remade into new ones. Every Bottle Back brings together The Coca-Cola Company, Keurig Dr. Pepper, and PepsiCo with leading environmental and sustainability organizations – World Wildlife Fund, Closed Loop Partners, and The Recycling Partnership – to support the circular plastics economy.

“Local beverage bottlers and beverage distributors share the goal of keeping plastic out of the environment and we welcome this collaboration between the city, businesses and sustainability groups to ensure recyclables are collected and remade into new products as intended,” said Ellen Valentino, executive vice president of the MD/DE/DC Beverage Association.A move to larger-capacity, lidded recycling carts enables safer and more efficient collection, reducing the amount of manual labor needed, helping to prevent injury to collection staff while providing residents with increased storage capacity for their recyclables at the same time.

“Strong, cross-sector collaboration is critical to building resilient local recycling infrastructure that effectively keeps valuable materials in play. We are proud to be a part of this unprecedented partnership with The Recycling Partnership, American Beverage, Dow, Rehrig Pacific and the City of Baltimore to catalyze social, environmental and economic impact on the ground,” said Ron Gonen, CEO of Closed Loop Partners. “There is power in the collective, and public-private partnerships have proven to be a key component of advancing the circular economy in the United States.”Since recycling carts are made from plastic resin, supplying these 205,000 recycling carts would not be possible without the generous donation of plastic resin from Dow Packing & Specialty Plastics or without the partnership with Rehrig Pacific.

“To build a true circular economy for plastic there must be a collaboration across a variety of companies and organizations,” said Diego Donoso, president, Dow Packaging & Specialty Plastics. “The recent Paying It Forward report shows that 40% of Americans don’t have equitable recycling, and this project is a wonderful example of how collaborative solutions can accelerate closing that gap. I invite all industries to join forces with The Recycling Partnership to increase access to recycling of all materials across the United States.”

Closed Loop Partners Provides $2.6 Million Loan to Build and Scale First Curbside Recycling Program in the City of Broken Arrow to Accelerate Circularity

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October 20, 2020

October 20 (New York) – Today, Closed Loop Partners announced a $2.6 million loan to finance new recycling and circular economy infrastructure and activities in the City of Broken Arrow, OK. The funds go toward recycling carts for single-stream curbside collection and recycling collection vehicles. Serving 35,000 households across the city, the program aims to increase the recapture of valuable materials in the City of Broken Arrow, helping to keep these materials in manufacturing supply chains and out of landfills. 

Closed Loop Partners’ $2.6 million loan adds to a previously-awarded $390,000 grant by The Recycling Partnership to the city, which was provided by the American Beverage Association via its “Every Bottle Back” initiative. In total, the $4.5 million project comes at a key moment for strengthening recycling infrastructure across the United States, particularly in the Southwest, highlighting the importance of collaboration between the public and private sectors to catalyze capital and galvanize stakeholders that can scale impact.

Closed Loop Partners provided the funding through its project finance arm, the Closed Loop Infrastructure Fund. Launched in 2014 in partnership with 12 of the world’s largest consumer goods and retailers, the fund finances recycling infrastructure and innovations across the U.S. to advance the circular economy. With growing pressures from climate change, the need to build resilient local supply chains and mitigate environmental damages has come to the fore. The circular economy provides tangible solutions––lowering greenhouse gas emissions and redirecting waste from landfill, while generating significant economic benefits by keeping valuable materials in circulation. To fully transition to circular material flows, increasing access to strong and stable recycling infrastructure is essential. 

Over the next 10 years, the initiative is projected to collect 124 million pounds of recycled material, including over 5 million pounds of new polyethylene terephthalate (PET) and 2 million pounds of new aluminum, creating strong feedstocks for eventual use in various manufacturing streams. The city will send the collected material to American Waste Control, an advanced Materials Recovery Facility (MRF) in Tulsa for processing. By ensuring that the pipeline of collected materials will be met by demand, the economic viability and long-term circular flow of resources is secured.

“We are thrilled to help bring this initiative to fruition for the City of Broken Arrow,” says Bridget Croke, Managing Director at Closed Loop Partners. “Opening access to and advancing recycling systems in Oklahoma is critical to building local and regional circular systems in the Southwest, and will have significant ripple effects to advancing the circular economy across the United States.”

“We are excited to begin curbside recycling in the City of Broken Arrow. We have already had great participation from our citizens, who are interested in the positive economic and environmental impact recycling will have on our city. The Broken Arrow Municipal Authority looks forward to this initiative to make our city more sustainable,” says Mayor Craig Thurmond on behalf of the Broken Arrow Municipal Authority.

The project officially launches in the fall of 2020, and marks the beginning of a cart-based recycling system for the City of Broken Arrow. For more information on this project, visit RecycleBA.com.

 

About Closed Loop Partners

Closed Loop Partners is a New York based investment firm comprised of venture capital, growth equity, private equity and project finance, as well as 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. Their investments align capitalism with positive social and environmental impact by reducing waste and greenhouse gas emissions via materials innovation, advanced recycling technologies, supply chain optimization and diversion of materials from disposal.

About the City of Broken Arrow

Located in northeast Oklahoma, Broken Arrow is the fourth largest city in the State of Oklahoma, with an estimated population of over 113,000 people spread out over 61 square miles. Broken Arrow is also home to the third largest manufacturing hub in the state, with many employees working in the energy sector. Residents in Broken Arrow enjoy a high quality of life, characterized by low crime, high performing schools, affordable housing and easy access to many parks and recreational facilities. The City of Broken Arrow sets the standard by providing the best municipal programs and services.