07 Sep 2023 --- Infinity Recycling, a growth capital firm investing in advanced plastics recycling technologies, is closing its Circular Plastics Fund (CPF), achieving €105.3 million (US$113 million) in committed capital. New investors in the fund include the European Investment Fund (EIF) and GC Ventures. The CPF, with an initial target size of €150 million (US$160 million) is an impact fund under the EU’s Sustainable Finance Disclosure Regulation. Its investments aim to accelerate plastics circular economy transition by scaling up advanced recycling technology companies that transform plastic waste streams into primary commodities to produce new plastics. The contribution of the fund’s investors is said to expedite the commercialization of the advanced recycling market, playing a role in enabling a circular economy for plastics and contributing to decarbonization across the industry.
