Closed Loop Partners News
15 articles
Closed Loop Partners ventures group secures more than $50M in funding
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Unilever Invests US$15M In Fund To Collect More Plastic Than It Sells By 2025
Unilever has invested $15 million into the Closed Loop Leadership Fund to help recover more than half of its plastic packaging footprint. The investment will enable Unilevers North America operations to collect more plastic than it sells by 2025. The investment is aligned with Unilevers commitment to halve the use of virgin plastic and ensure that all plastic packaging is reusable, recyclable, or compostable by 2025. The investment will support the recycling of an estimated 60,000 metric tonnes of plastic packaging waste annually. Unilevers investment will accelerate the shift toward circular supply chains and contribute to building a waste-free world.
Investment
מחיטוט בפחי זבל - לקרן שמנהלת רבע מיליארד דולר: הסיפור של רון גונן
The article discusses the journey of Ron Gonen, the CEO of Closed Loop Partners, a fund that invests in the circular economy. Gonen, who was born in Israel and moved to the US at a young age, learned the value of recycling and waste management from his grandmother in Tel Aviv. This early exposure influenced his career path and led him to focus on businesses and environmental issues. Today, Closed Loop Partners manages a quarter of a billion dollars, all invested in one of the fastest-growing fields in the world: the circular economy.
InvestmentManagement Changes
Closed Loop Partners highlights 2020 investments in circular economy
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Closed Loop Partners Announces Winners of Beyond the Bag Innovation Challenge
Closed Loop Partners announces the winners of the Beyond the Bag Challenge, which aims to identify and scale innovative alternatives to single-use plastic retail bags. The winners fall into three categories: Reuse and Refill, Enabling Technology, and Innovative Materials. They will now work closely with the Consortium to prototype and test the viability of their designs. The Beyond the Bag Initiative is a three-year undertaking by the Consortium to Reinvent the Retail Bag, with Founding Partners CVS Health, Target, and Walmart committing $15 million. Additional partners have joined the mission. The Center for the Circular Economy at Closed Loop Partners operates across the value chain to tackle challenges in the circular economy. The winners will receive a portion of $1 million in prize money and further support for testing and scaling their solutions.
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Closed Loop Partners joins with CVS Health, Target & Walmart to Announce Winners of "Beyond the Bag" Innovation Challenge
Closed Loop Partners Center for the Circular Economy announces the winners of the Beyond the Bag Challenge, which aims to identify and scale innovative alternatives to single-use plastic retail bags. The winners will work closely with the Consortium to prototype and test the viability of their designs. The initiative is supported by Consortium Founding Partners CVS Health, Target, and Walmart, as well as additional partners such as DICKS Sporting Goods, Dollar General, and The Kroger Co. The Center for the Circular Economy offers a holistic approach to tackling challenges in the circular economy. The winners of the challenge will receive a portion of $1 million in prize money and further support for testing and scaling their solutions.
Partners
A Snapshot of Closed Loop Partners' Work to Advance a Circular Economy
Closed Loop Partners, a company focused on advancing the circular economy, has evolved and grown since its inception in 2014. The company operates through an innovation center and multiple investment funds, supporting research, analysis, collaboration, and investment in circular solutions. Closed Loop Partners works with companies like Starbucks, McDonalds, CVS Health, and Walmart to create more sustainable materials and packaging. They have recently acquired Single Stream Recyclers, an artificial intelligence-powered recycling company, to expand their recycling capabilities. The companys overall strategy is to continue investing in and innovating across sectors such as plastics, fashion, technology, and food to capture the value of the circular economy. The COVID-19 pandemic and the proliferation of single-use plastics pose challenges, but Closed Loop Partners aims to address them through reduction, reuse models, design innovation, and investment in recycling infrastructure and advanced recycling technologies.
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Closed Loop Partners Publishes Report to Navigate Plastic Alternatives in a Circular Economy
Closed Loop Partners released a report on the growing landscape of plastic alternatives, focusing on bio-based plastics, biopolymers, and compostable products. The report discusses the opportunities and challenges in the industrys shift towards these materials. It highlights the pressure on companies to align with waste reduction and climate impact goals, leading to commitments for plastic-free products and increased use of recycled content. The market for biopolymers and bio-based plastics is expected to reach $27.9 billion by 2025. However, there is a need to address the lack of recovery infrastructure for compostable alternatives. Closed Loop Partners applies a circular economy framework to assess these materials. The company is an investment firm and innovation center focused on building the circular economy.
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JS Capital Management takes minority stake in Closed Loop Partners
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Closed Loop Partners provides grant to help fund NYC compost collection sites
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Closed Loop Partners maps plastic recycling infrastructure, packaging waste in new tool
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Closed Loop Partners report analyzes drivers of circularity in North America
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Closed Loop Partners teams with Walmart, CVS, Target to take on the plastic bag Greenbiz
Closed Loop Partners Center for the Circular Economy is partnering with Walmart, CVS Health, and Target for a $15 million joint initiative called Beyond the Bag. The initiative aims to create sustainable solutions to reduce single-use plastic bags and divert them from landfills. The consortium, which includes other companies like Kroger and Walgreens, plans to reinvent the design of shopping bags through an Innovation Challenge and select winners to join the Beyond the Bag Circular Business Accelerator. The partners also plan to invest in recovery infrastructure and study consumer behavior related to plastic bags. The goal is to find long-lasting, systemic solutions to the plastic waste problem.
PartnersCustomers
Closed Loop Partners Launches Groundbreaking Consortium with CVS Health, Target and Walmart to Reinvent the Plastic Retail Bag
The Center for the Circular Economy at Closed Loop Partners, along with retailers CVS Health, Target, and Walmart, are forming the Consortium to Reinvent the Retail Bag. The goal is to identify and implement sustainable design solutions for single-use plastic retail bags. The Consortium has committed over $15 million to launch the Beyond the Bag Initiative, which aims to address the environmental impacts of plastic waste. The initiative will solicit innovative design solutions through a global Innovation Challenge and will focus on implementation in the United States. The Consortium is calling on other retailers to join the effort. Conservation International and Ocean Conservancy have joined as Environmental Advisory Partners, and IDEO has joined as an Innovation Partner.
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Closed Loop Partners receives $54M investment
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