CLOSED LOOP PARTNERS PLEDGES $5 MILLION PER NEXTCYCLE PROJECT
Closed Loop Partners, through its Closed Loop Infrastructure Group, pledges support to NextCycle Michigan, an initiative designed to connect eco-entrepreneurs, companies, organizations, and communities to technical support, capacity building, and financial resources for recycling, recovery, and reuse projects.
Over the three-year partnership, Closed Loop Partners and NextCycle Michigan will identify and support investable innovative recycling 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.
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.
Interested individuals should join the NextCycle Michigan community to receive updates on opportunities to join upcoming Innovation Challenges.
Read the full press release: https://recycle.com/closed-loop-partners-pledge-support-rrs-nextcycle/