Circulate Capital Ocean Fund (CCOF), which focuses on reducing Asia’s ocean-plastic crisis, has invested $6 million in two plastic recycling companies, one in India and the other in Indonesia, Singapore-based Circulate Capital said Tuesday.
This marks the investment debut of the $106-million CCOF that was announced in December. The fund plans to invest $2-10 million in around 20 to 25 companies in South and Southeast Asia.
