Additional Closed Loop Fund investments go live

New York-based Closed Loop Partners’ Closed Loop Fund has announced that two recent investments in recycling infrastructure have gone live.

According to an “In the Loop” quarterly newsletter from Closed Loop Partners dated Oct. 30, 2017, working with the Office of Waterbury, Connecticut Mayor Neil O’Leary, the Connecticut Department of Energy and Environmental Protection and the Closed Loop Fund, the city of Waterbury has implemented an enhanced recycling program. 

Oct. 16, the city began issuing 95-gallon recycling containers to more than 30,000 households. The program is projected to increase the city’s current 6 percent recycling rate to 25 percent in the next three years, save the city more than $3 million and reduce greenhouse gas emission by 130,000 metric tons of CO2 equivalent, according to the newsletter.

The fund also has invested in Waltham, Massachusetts-based Preserve, a certified B Corporation that makes kitchen products, tableware and personal care products using 100-percent-recycled plastic. According to the Closed Loop Fund, the investment will help integrate postconsumer recycled polypropylene (PP) into Preserve’s commercial cutlery products and increase capacity for plastic reprocessors to incorporate postconsumer recycled content into food grade packaging.