Closed Loop Companions Pledges As much as $5 Million to Assist Improvements from Useful resource Recycling Methods’ NextCycle Initiative

Closed Loop Companions, by its Closed Loop Infrastructure Group, pledges help to Useful resource Recycling Methods’ (RRS) NextCycle, a customizable accelerator-style program that facilitates connections and nurtures innovation to create round economies. Closed Loop Companions, a round economy-focused funding agency and innovation middle, will work collaboratively with collaborating states within the NextCycle initiative – at present Colorado, Michigan, and Washington – to determine alternatives to supply competitively priced and versatile financing to organizations and municipalities, as much as $5 million per undertaking.

RRS, a sustainable materials and useful resource consulting agency, manages and facilitates NextCycle. Chosen groups within the NextCycle initiative obtain entry to enterprise, trade, and funding specialists to develop undertaking plans, make connections with companions and funders, and domesticate investment-ready and implementation-ready initiatives.

“For a round economic system to be strong and economically sustainable it wants a steady move of recycled supplies, a viable recycling infrastructure, and accessible finish markets,” mentioned Jim Frey, RRS co-founder and CEO. “By leveraging state funds and accelerating the move of personal and non-profit capital into initiatives targeted on infrastructure, expertise, and provide chains, we might help mobilize recycling efforts in NextCycle states.”

Initially, this partnership will help revolutionary recycling initiatives in three NextCycle markets – Colorado, Michigan, and Washington. Every state, by its NextCycle initiative, will determine initiatives that develop restoration infrastructure options for post-consumer recyclable supplies with a concentrate on polyethylene terephthalate (PET) and aluminum, optimize revolutionary assortment methods for polyethylene (PE) and polypropylene (PP), and divert from landfill again into the provision chain. Over the subsequent three years of partnership, Closed Loop Companions will intently collaborate with the assorted NextCycle initiatives, figuring out investable alternatives that advance collective circularity targets.

“Constructing a strong round economic system requires a number of stakeholders to be on the desk. Closed Loop Companions is thrilled to collaborate with RRS and NextCycle to assist determine and speed up essentially the most promising options,” mentioned Jennifer Louie, Government Director at Closed Loop Companions. “This partnership will proceed to drive innovation and develop equitable native economies, whereas preserving useful supplies in play and out of landfills.”

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