Recycling firm gets funding from Singapore to clean up Kalimantan, Sulawesi

Indonesian recycling company Prevented Ocean Plastic Southeast Asia has received an undisclosed amount of funding from Singapore-based investment management firm Circulate Capital for establishing a network of 12 new high-volume collection centers and three new aggregation centers. Prevented Ocean Plastic is a joint venture between Indonesia’s recycled plastic flakes manufacturer PT Polindo Utama, the United Kingdom’s recycled plastic bottle materials distributor Bantam Materials UK Ltd. and Circulate Capital.

January 13 2022, The Jakarta Post

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