(July 2, 2021) — “The recent recommendations made by the California Statewide Commission on Curbside Recycling and Market Development to CalRecycle regarding a Statewide Standardized Acceptance List of Recyclable Materials (CA Statewide Recyclable List) concerns our organizations in its omission of polypropylene (PP #5) bottles, rigid containers, tubs, and cups. We believe the recommendation not to include PP on the list underestimates the recycling access, capture, and marketability of PP in California and could prove detrimental to PP recycling and waste reduction within the state and nationwide. The public and private sectors both have an opportunity to catalyze solutions to further accelerate the system-wide shift already underway for PP, improving the circularity of this material and satisfying an ever-increasing demand for recycled PP in new products and packaging. We stand by polypropylene and our commitment to expanding access, education, recovery, and other necessary actions along its path to maintaining wide recyclability in California and across the U.S.”
CVS Health, Target & Walmart Together Launch In-store Pilots & Tests of New Design Solutions to Combat Plastic Waste
August 02, 2021
Leading Retailers Unite Within the Consortium to Reinvent the Retail Bag to Test In-Market Viability of Reuse Models in Northern California
NEW YORK, Aug. 2, 2021 /PRNewswire/ — Today, the Consortium to Reinvent the Retail Bag, managed by Closed Loop Partners, reached a significant milestone a year after its founding: the launch of a series of tests and first-of-a-kind multi-retailer pilots to advance sustainable alternatives to the single-use plastic bag and accelerate their potential to scale. The pilots will help refine winning solutions from the Consortium’s global Beyond the Bag innovation challenge, evaluating multiple factors, from technical feasibility to desirability, and will run over a six-week period.
Beyond the Bag Challenge winners ChicoBag, Fill it Forward, GOATOTE and 99Bridges will begin pilots across a total of nine stores of the Consortium’s Founding Partners––CVS Health, Target and Walmart––in Northern California. The solutions being tested include multiple reusable bag models, alongside enabling technologies, which help serve customers’ needs, extend the useful life of retail bags and provide visibility into the full lifecycle of a bag. Across the select stores, customers can sign up and try these new solutions, whether it’s to borrow, incentivize or receive reminders to use a reusable bag. The partnership among leading retailers’ different stores sets an exciting precedent; collaboration will help accelerate pathways to scale and help address the systemic challenge of plastic bag waste.
Photo Credit: Fill it Forward
Photo Credit: GOATOTE
Photo Credit: ChicoBag & 99Bridges
In addition to the in-store pilots, other winning solutions from the Beyond the Bag Challenge will be piloted and tested in different contexts. Returnity and Eon will pilot through Walmart delivery in select markets. This pilot will test a different part of the retail system, knowing that people shop in various ways––ranging from at home to in store. Domtar, PlasticFri and Sway––companies developing innovative, alternative materials to single-use plastic––will undergo rigorous material performance and recovery testing to optimize their designs to meet the needs of retailers and customers, and match the specifications of recycling and composting facilities.
“To permanently eliminate the 100 billion single-use plastic bags currently used every year in the U.S., we are working collaboratively to build retail solutions that better meet customer needs while lessening the impact on the environment. By testing new bag innovations in-store, we gain valuable insights that allow us to iterate quickly and expand to more communities,” says Kate Daly, Managing Director of the Center for the Circular Economy at Closed Loop Partners. In July 2020, the Center launched the Consortium to Reinvent the Retail Bag, a multi-year collaboration across retail sectors with Founding Partners CVS Health, Target and Walmart committing $15 million collectively. “Knowing that systems change does not happen overnight, these pilots are an essential step to test, incorporate customer and retailer feedback, and improve new solutions, exploring pathways to scale.”
This phase of experimentation is essential to the broader Consortium’s collaborative work, which includes additional Consortium Partners DICK’S Sporting Goods, Dollar General, The Kroger Co., The TJX Companies, Inc., Ulta Beauty, Ahold Delhaize USA Brands, Albertsons Companies, Hy-Vee, Meijer, Wakefern Food Corp., and Walgreens. The lessons learned from the pilots will help inform further iterations of the solutions and where more testing and investment is needed.
The tests and pilots are just one part of the Consortium’s complementary workstreams, which span innovation, advancing materials recovery through infrastructure investments, identifying best practices for policy and engaging consumers––all underpinned by work with key stakeholders across the entire bag value chain.
“We’re excited to pilot these new sustainable design solutions that can replace the single-use plastic retail bag,” says Eileen Howard Boone, Senior Vice President of Corporate Social Responsibility & Philanthropy and Chief Sustainability Officer at CVS Health. “Over the last several months, we’ve worked collaboratively with leading retailers and cutting-edge innovators, and we’re thrilled to now be able to bring our customers along on this journey to test these solutions.”
“We envision a retail industry where alternatives to the single-use plastic bag are easy and accessible for all communities. We’re proud to work together toward this goal alongside CVS Health and Walmart, as co-creation is key to our new sustainability strategy Target Forward,” says Amanda Nusz, Senior Vice President of Corporate Responsibility at Target and President of the Target Foundation. “We are thrilled to pilot these winning designs, as we know that collaboration and continuous iteration are integral to developing new potential solutions.”
“At Walmart, we believe climate change requires bold collective action. Minimizing plastic waste, in particular, depends on collaboration and cooperation across the retail industry,” says Jane Ewing, Senior Vice President of Sustainability at Walmart. “These pilots represent a unique and exciting industry-wide commitment towards a more sustainable future, and we are excited to work with the Consortium to Reinvent the Retail Bag and to be a catalyst for meaningful change.”
The pilots are set to run through early fall and the Consortium looks forward to sharing the insights that are gathered as we collaborate to build a more circular future for retail.
To learn more about the pilots, where they are happening and the innovators participating, visit the Consortium to Reinvent the Retail Bag’s website here.
About the Center for the Circular Economy at Closed Loop Partners
The Center for the Circular Economy at Closed Loop Partners unites competitors to tackle complex material challenges and to implement systemic change that advances the circular economy. Closed Loop Partners brings together designers, manufacturers, recovery systems operators, trade organizations, municipalities, policymakers and NGOs to create, invest in, and support scalable innovations that target big system problems.
The Center’s first initiative, the NextGen Consortium, assembled leading food and beverage companies, including McDonald’s and Starbucks, to identify and commercialize a widely recyclable, compostable and/or reusable cup. 12 winning cup solutions were selected and the Consortium is supporting the testing of these new solutions as well as conducting pilots to accelerate their path to scale. Learn more about the Center’s work here.
About the Consortium to Reinvent the Retail Bag
The Beyond the Bag Initiative, launched by the Consortium to Reinvent the Retail Bag, aims to identify, pilot and implement viable design solutions and models that more sustainably serve the purpose of the current retail bag. Closed Loop Partners’ Center for the Circular Economy launched the initiative with Founding Partners CVS Health, Target and Walmart. The Kroger Co. joined as Grocery Sector Lead Partner, DICK’S Sporting Goods joined as Sports & Outdoors Sector Lead Partner, Dollar General as Value Sector Lead Partner, TJX as Apparel & Home Goods Sector Lead Partner, and Ulta Beauty as Beauty Sector Lead Partner. Ahold Delhaize USA Brands, Albertsons Companies, Hy-Vee, Meijer, Wakefern Food Corp., and Walgreens are Supporting Partners, and Conservation International and Ocean Conservancy serve as Environmental Advisory Partners. IDEO is the Consortium’s Innovation Partner. Learn more about the Consortium here.
Contact: [email protected]
Ulta Beauty Joins the Consortium to Reinvent the Retail Bag
July 28, 2021
The nation’s largest beauty retailer joins leading retailers across grocery, home goods, sports and apparel, to help combat plastic bag waste
Ulta Beauty, Inc. (NASDAQ: ULTA), the leading beauty retailer in the U.S., joined the Consortium to Reinvent the Retail Bag as the Beauty Sector Lead Partner, working alongside 13 leading retailers, including Founding Partners CVS Health, Target and Walmart. The Consortium, through its Beyond the Bag Initiative, aims to identify, test and implement viable design solutions that more sustainably serve the purpose of the single-use plastic retail bag.
“Ulta Beauty represents a critical sector that must be at the table as the Consortium to Reinvent the Retail Bag identifies and tests the viability of innovative solutions to replace the single-use plastic bag,” says Kate Daly, Managing Director of the Center for the Circular Economy at Closed Loop Partners. “With the important addition of Ulta Beauty, an established leader, we can expand our reach even further, paving the way for a more sustainable retail industry, at scale.”
The Consortium, managed by Closed Loop Partners’ Center for the Circular Economy, spans multiple work streams with the goal of replacing current retail bags by fueling design innovation, advancing materials recovery and identifying best practices for policy and engaging consumers. As the Consortium’s Beauty Sector Lead Partner, Ulta Beauty will direct priorities and activities for the Beyond the Bag Initiative in the context of beauty retail. With more than 1,250 stores across 50 U.S. states, the retailer will work with Consortium Partners to explore viable alternatives to the single-use plastic bag and recommend applications that align with the sector’s needs and existing operations. Ulta Beauty is committed to bringing leading solutions to the industry as the company works to create a lasting, positive legacy on our environment and world.
The Beyond the Bag Initiative not only brings together major retailers as Consortium Partners, but also engages with stakeholders across the bag value chain, including suppliers, materials recovery facilities, municipalities, advocacy groups and others to collectively promote viable market solutions that can scale, and bring value to retailers, customers and end markets. The Consortium takes a holistic three-year approach to identify and scale affordable, accessible and less wasteful solutions. It will aim to test current innovations, and advance long-term solutions to ensure that the industry is designing both for today and tomorrow’s needs.
SK Global Chemical Invests $10 Million with Closed Loop Partners to Scale Best-in-Class Plastics Recycling Solutions & Catalyze the Shift Toward a Circular Economy
July 27, 2021
With a rapidly evolving plastics industry and increasingly urgent climate challenges, SK Global Chemical joins leaders Dow, LyondellBasell & NOVA Chemicals, among others, in paving differentiated and globally sustainable ways forward for the industry
July 27, 2021, New York – Today, SK Global Chemical (SKGC) announced their investment in two of Closed Loop Partners’ funds––the Closed Loop Circular Plastics Fund and the Closed Loop Leadership Fund––to advance circular business models, scalable recycling technologies, and materials recovery infrastructure in the U.S. and Canada. Their investment will help increase the supply of high-quality recycled content to meet growing demand, return valuable materials to manufacturing supply chains and ultimately reduce extraction of virgin resources. SKGC and Closed Loop Partners’ collaboration is a critical step in demonstrating what the future of a fully circular plastics system could look like and sending a market signal to others to spur recycling markets that must mature more quickly.
“Plastics manufacturers play a key role in building circular systems for plastics––they are at the early stages of the supply chain, helping determine the quality, sustainability and recyclability of the plastics that flow through the entire system. It’s critical that these stakeholders adapt to the changing times and expectations; antiquated business models that rely on virgin plastics are no longer viable when confronted with limited natural resources and mounting plastic waste,” says Ron Gonen, Founder & CEO of Closed Loop Partners. “SK Global Chemical’s investment in our funds helps catalyze circular plastics supply chains in the U.S. and Canada, while also providing for the exchange of best practices with Asia, accelerating a circular economy at a much larger scale.”
SKGC’s investment with Closed Loop Partners builds on their ‘Zero Plastic Waste’ goals and efforts to bolster innovations across the plastics recycling system. Under their “Green For Better Life” strategy, SKGC continues to grow plastics recycling capacity globally. The company aims to recycle 900 thousand tons of plastic waste per year by 2025, lower their use of plastics, and make all of its products eco-friendly, by 2027. SKGC has formed strategic partnerships with cutting-edge advanced plastics recycling companies in North America, invested on-the-ground in new facilities that transform plastic waste into virgin-like plastics, and continues to optimize mechanical recycling infrastructure to reduce overall virgin plastic consumption. One of the reasons SKGC chose to collaborate with Closed Loop Partners is to expand its connections to a roster of leading companies working toward the circular economy, comprising both multinationals with extensive scale and emerging innovators introducing differentiated sustainable solutions. Their investment with Closed Loop Partners aligns with ambitions of their parent company, SK Innovation, to transition from “carbon to green” by investing more than $20 billion in five years.
SKGC’s investment in Closed Loop Partners’ Circular Plastics Fund, launched in May with Founding Investors Dow, LyondellBasell and NOVA Chemicals, brings the Fund closer to its goal of deploying $100 million to advance the recovery of plastics in the U.S. and Canada. The Fund’s catalytic strategy fills investment gaps to spur recycling markets, attracting additional corporate investors and financial institutions and accelerating capital inflows beyond the Fund’s own commitments. The Fund will invest in three strategic areas to increase the amount of high-quality recycled plastic available:
- Access – Increasing the collection of targeted polyethylene (PE) and polypropylene (PP) plastics by advancing current and next-generation material collection systems, including transportation, logistics and recycling sortation technologies and infrastructure.
- Optimization – Upgrading recycling systems to more efficiently aggregate, classify and sort the targeted plastics to increase the total amount of high-quality plastic, including food-grade and medical-grade plastic, sent for remanufacturing.
- Manufacturing – Investing in facilities and equipment that manufacture finished products, packaging or related goods using recycled content, including recycled PE and PP.
The Closed Loop Leadership Fund, Closed Loop Partners’ private equity arm, is a complementary market rate strategy that proves the growth and profitability of circular economy business models. The Fund acquires and scales best-in-class companies along the value chain to build circular supply chains in the U.S.––focused on extending the useful life of materials, including plastics and packaging, organics, electronics and apparel. The Fund’s value creation strategy focuses on driving resilient profitability for businesses that optimize supply chains, keep materials out of landfill and advance the circular economy.
Since its founding in 2014, Closed Loop Partners has made more than 50 investments, diverting more than 4,600 million pounds of material from landfills and back into manufacturing supply chains. The New York-based investment firm and innovation center accelerates the circular economy through a suite of solutions––including investments and research in design innovation that reduces material use and resource extraction, reuse systems that extend the useful life of valuable materials, and mechanical recycling infrastructure and advanced recycling technologies that together help recover plastics. Building on its proven track record, and extensive ecosystem of entrepreneurs, industry experts, global consumer goods companies, retailers, financial institutions and municipalities in North America, Closed Loop Partners is well positioned to form key partnerships and drive strategic investments to advance SKGC’s goals.
Na Kyung-soo, CEO of SK Global Chemical says, “We aim to build systems that keep plastics in circulation, meeting the needs of people around the world, without compromising the natural environment. Our investment with Closed Loop Partners not only helps us advance these goals, but opens doors to new strategic partnerships with leading companies that share the same vision of advancing circular systems for plastics. As a plastics manufacturer, we recognize our responsibility in transforming plastics supply chains to collect and reuse existing materials, and know that collaborating across industries is essential to system-wide impact. We look forward to working with Closed Loop Partners and their network to drive toward our shared goals.”
In accordance with SKGC’s strategic imperatives, by 2025 SKGC will invest 500 million USD to build a cutting edge advanced plastics recycling plant in Korea.
About Closed Loop Partners
Closed Loop Partners is a New York-based investment firm comprising venture capital, growth equity, private equity, project-based finance and an innovation center focused on building the circular economy. The firm has built an ecosystem that connects entrepreneurs, industry experts, global consumer goods companies, retailers, financial institutions and municipalities, bridging gaps and fostering synergies to scale the circular economy. Learn more about Closed Loop Partners here.
About the Closed Loop Circular Plastics Fund at Closed Loop Partners
The Closed Loop Circular Plastics Fund provides catalytic financing to build circular economy infrastructure and improve the recovery of polypropylene and polyethylene plastic in the U.S. & Canada, returning plastics to more sustainable manufacturing supply chains for use as feedstock for future products and packaging. Learn more about the Fund’s investment criteria and apply for funding here.
About the Closed Loop Leadership Fund at Closed Loop Partners
The Closed Loop Leadership Fund is Closed Loop Partners’ market rate private equity fund, focused on acquiring and scaling best-in-class circular business models that are fundamental to keeping plastics and packaging, food and organics, electronics and textiles out of landfills and within a circular system. Learn more about the Closed Loop Leadership Fund here.
About SK Global Chemical
In 1972, SK global chemical laid the foundation for the development of the petrochemical industry by operating the first naphtha-cracking facility in Korea. They provide various automotive & packaging products and solutions required by customers and markets, and are growing into a technology-based global chemical company through continuous R&D efforts and global expansion.
SK global chemical will achieve its vision, ‘Green for Better Life’, by establishing a plastics-based circular economy, collaborating with various partners and stakeholders. They will expand their portfolio of eco-friendly products and will continuously recycle beyond the amount of plastics that they produce, in order to realize and leverage the sustainability efforts that will benefit our planet. Learn more about SKGC here.
Disclaimer:
This publication is for informational purposes only, and nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy any interest in any investment vehicle managed by Closed Loop Capital Management or any company in which Closed Loop Capital Management or its affiliates have invested. An offer or solicitation will be made only through a final private placement memorandum, subscription agreement and other related documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor. Closed Loop Capital Management does not utilize its website to provide investment or other advice, and nothing contained herein constitutes a comprehensive or complete statement of the matters discussed or the law relating thereto. Information provided reflects Closed Loop Capital Management’s views as of a particular time and are subject to change without notice. You should obtain relevant and specific professional advice before making any investment decision. Certain information on this Website may contain forward-looking statements, which are subject to risks and uncertainties and speak only as of the date on which they are made. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. Closed Loop Capital Management undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Past performance is not indicative of future results; no representation is being made that any investment or transaction will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.
Just Salad Receives Investment from Leading Circular Economy Investor Closed Loop Partners; Plans to Expand Geographic Footprint and Zero-Waste Programs
July 20, 2021
Just Salad demonstrates pathway to scale reusables across food service industry with pioneering Reusable Bowl program
NEW YORK, NY–(BUSINESS WIRE)–Just Salad, a fast-casual restaurant concept with a mission to make everyday health and everyday sustainability possible, announced today that it has completed its largest ever capital raise, with participation by the circular economy-focused investment firm Closed Loop Partners, as well as returning investor Panda Restaurant Group, the parent company of Panda Express®.
Just Salad will use the capital to expand its geographic footprint and implement new environmental sustainability and technology initiatives. Currently the brand has 47 locations in New York, New Jersey, Illinois, Pennsylvania, North Carolina, Florida, and Dubai, and plans to double its footprint over the next two years.
Founded in 2006, Just Salad is the fast-casual restaurant industry’s leading proponent of zero-waste practices. In 2022, Just Salad will expand its award-winning Reusable Bowl Program to digital orders and offer participating customers loyalty rewards in its mobile app, further encouraging sustainable eating on the go.
Just Salad is the first restaurant investment for Closed Loop Partners, a New York-based investment firm and innovation center focused on scaling the circular economy in North America and beyond. Their investments align capitalism with positive social and environmental impact, driving toward zero-waste “closed loop” systems that benefit people, the planet and business. The partnership with Just Salad builds on and complements Closed Loop Partners’ existing work to advance sustainable food packaging, including investments in companies who focus on alternative materials and reuse systems, and their leadership in the NextGen Consortium, an industry partnership that advances the design, commercialization and recovery of sustainable food packaging alternatives.
“We are impressed with Just Salad’s innovative approach to embedding zero-waste principles across their business. They are a pioneer of reuse models at scale, creating the world’s largest restaurant reusable program and illustrating their commitment to extending the life of valuable packaging materials,” said Ron Gonen, Founder and CEO of Closed Loop Partners. “Their continued growth demonstrates the viability, feasibility and desirability of circular business models.”
“It has been rewarding to be part of Just Salad’s journey since the start of our partnership in 2014. Their growth in urban and suburban markets is impressive and is the result of great operations and focus on people development,” said Andrew Cherng, Co-Founder and Co-CEO of Panda Restaurant Group, the largest Asian dining concept in the U.S. with restaurant concepts in more than ten countries. “We are looking forward to supporting this next phase of Just Salad’s expansion and the impact they will make through their upcoming initiatives.”
Nick Kenner, Founder and CEO of Just Salad, said of the company’s future, “The white space for Just Salad is truly incredible. Just Salad is on its way to becoming a larger part of the national landscape and that means unrivaled, craveable food and more sustainable eating for America in general. The tailwinds are strong, and it’s about executing at a high level while still focusing on each and every customer.”
About Just Salad
Just Salad is a fast-casual concept with a mission to make everyday health and everyday sustainability possible. Empowering customers to eat with purpose, Just Salad is home of the world’s largest restaurant reusable bowl program and is the first U.S. restaurant chain to carbon label its menu. The company was founded in 2006 in New York City and has 47 locations across New York, New Jersey, Florida, Illinois, Pennsylvania, North Carolina, and Dubai. Learn more at justsalad.com.
About Closed Loop Partners
Closed Loop Partners is a New York-based investment firm comprised of venture capital, growth equity, private equity, project-based finance and an innovation center focused on building the circular economy. The firm has built an ecosystem that connects entrepreneurs, industry experts, global consumer goods companies, retailers, financial institutions and municipalities, bridging gaps and fostering synergies to scale the circular economy.
Closed Loop Partners and ERI Enter Strategic Partnership to Strengthen Innovative Circular Economy Supply Chains
July 14, 2021
Closed Loop Partners makes a significant strategic investment in ERI; Founder & CEO Ron Gonen will join ERI’s Board
NEW YORK–(BUSINESS WIRE)–ERI, the nation’s largest fully integrated IT and electronics asset disposition provider and cybersecurity-focused hardware destruction company and Closed Loop Partners, the leading investment firm focused on building the circular economy in North America and beyond, have announced that they have entered into a partnership.
As part of the partnership, Closed Loop Partners’ Leadership Fund, part of the private equity group at Closed Loop Partners, has made a significant strategic investment in ERI. The Closed Loop Leadership Fund, established in 2019, focuses on investing in and scaling businesses fundamental to keeping packaging, organics, electronics and apparel out of landfills and within a circular system. Investors in the Fund include Microsoft, Nestlé and Unilever as well as institutional investors and family offices. Ron Gonen, Founder and CEO of Closed Loop Partners has also been elected to ERI’s board of directors.
“ERI is the leading recycler of electronics in the United States, consistently demonstrating the viability of closed loop systems for high value materials,” said Gonen. “Globally, we discard $55 billion in e-waste annually, and the waste stream is projected to grow more rapidly in the coming years, diverting these materials from landfills and back into manufacturing supply chains is critical. Our partnership with ERI will strengthen circular supply chains that ultimately benefit people, the planet and business.”
“This is the perfect time for a partnership between ERI and Closed Loop Partners,” said John Shegerian, ERI’s Chairman/CEO. “Due to a perfect storm of innovation, the internet of things, cars essentially becoming computers on wheels, an increase in wearable tech, the 4G to 5G switchover, increasing consumption, data privacy issues and other factors, e-waste is the fastest growing waste stream in the world – growing at a rate five times faster than any other waste stream. By partnering with our longtime friends at Closed Loop Partners, we are ideally positioned to play a meaningful role in accelerating change.”
“We are also honored to have Ron Gonen join our board,” added Shegerian. “It was Ron who introduced us to AMP Robotics, our partners in the development and implementation of our first-in-industry AI-driven robotic systems currently increasing operational efficiencies in our recycling facilities. He was also serving as Deputy Commissioner of Sanitation, Recycling and Sustainability for New York City when ERI teamed with the city to launch the city’s groundbreaking and award-winning residential e-waste pickup and recycling program, ecycleNYC. So there is tremendous synergy there. As a thought leader, Ron has already provided tremendous guidance and insight in terms of the circular economy and we are incredibly excited to be entering into this new level of collaboration with him and his team at Closed Loop Partners.”
About Closed Loop Partners
Closed Loop Partners is a New York-based investment firm comprised of venture capital, growth equity, private equity, project-based finance and an innovation center focused on building the circular economy. Since its founding in 2014, Closed Loop Partners’ existing portfolio of more than 50 investments has diverted more than 4,600 million pounds of material from landfills and back into manufacturing supply chains. The firm has built an ecosystem that connects entrepreneurs, industry experts, global consumer goods companies, retailers, financial institutions and municipalities, bridging gaps and fostering synergies to scale the circular economy.
About ERI
ERI is the largest fully integrated IT and electronics asset disposition provider and cybersecurity-focused hardware destruction company in the United States. ERI is certified at the highest level by all leading environmental and data security oversight organizations to de-manufacture, recycle, and refurbish every type of electronic device in an environmentally responsible manner. ERI has the capacity to process more than a billion pounds of electronic waste annually at its eight certified locations, serving every zip code in the United States. ERI’s mission is to protect people, the planet and privacy. For more information about e-waste recycling and ERI, call 1-800-ERI-DIRECT or visit https://eridirect.com.
Contacts
ERI: Paul Williams, 310/569-0023, [email protected]
Closed Loop Partners: Georgia Sherwin, 929/427-7786, [email protected]
Disclaimer:
This publication is for informational purposes only, and nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy any interest in any investment vehicle managed by Closed Loop Capital Management or any company in which Closed Loop Capital Management or its affiliates have invested. An offer or solicitation will be made only through a final private placement memorandum, subscription agreement and other related documents with respect to a particular investment opportunity and will be subject to the terms and conditions contained in such documents, including the qualifications necessary to become an investor. Closed Loop Capital Management does not utilize its website to provide investment or other advice, and nothing contained herein constitutes a comprehensive or complete statement of the matters discussed or the law relating thereto. Information provided reflects Closed Loop Capital Management’s views as of a particular time and are subject to change without notice. You should obtain relevant and specific professional advice before making any investment decision. Certain information on this Website may contain forward-looking statements, which are subject to risks and uncertainties and speak only as of the date on which they are made. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. Closed Loop Capital Management undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. Past performance is not indicative of future results; no representation is being made that any investment or transaction will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.
Industry Statement: Response to California Commission Omission of Polypropylene from CA Statewide Recyclable List Recommendation to CalRecycle
July 01, 2021
The following is a joint statement attributable to Steve Alexander, President, and CEO, The Association of Plastic Recyclers; Ron Gonen, CEO, Closed Loop Partners; and Keefe Harrison, CEO, The Recycling Partnership: