Closed Loop Partners, a New York-based investment firm looking to promote circular economies, has had its fingerprints on the plastics industry during the past few years.
Closed Loop is out with a new impact report that measures its efforts since 2015, including the amount of plastics returned to supply chains over time.
Totals include: PET 23,000 tons; polypropylene 12,000 tons; high density polyethylene 11,000 tons; mixed plastics 5,000 tons; and bulky rigids 4,000 tons. Closed Loop efforts also have captured 110 tons of low density polyethylene and linear low density polyethylene.
"Our investors include the world's largest retailers and consumer goods companies. Our investments are proving that manufacturing using recycled material lowers costs. Robust recycling infrastructure in North America reduces disposal costs for municipalities, creates local jobs and provides companies the ability to manufacture at lower cost than relying on raw materials," Closed Loop CEO Ron Gonen said in a statement.
The report is available at http://www.closedlooppartners.com/wp-content/uploads/2018/06/CLP-progress-report-2017-june-2.pdf