Circulate Capital backs fivefold capacity expansion at Indonesian recycler Bumi Baru Plastik
Circulate Capital has made an undisclosed investment in PT Bumi Baru Plastik, an Indonesian recycler of polypropylene and polyethylene, to fund a fivefold increase in processing capacity. The company will consolidate production at a new industrial site in Jonggol, West Java, lifting output from pilot scale to 2,600 tonnes per month by the fourth quarter of 2027 in two phases. It is the sixth investment Circulate Capital has made in Indonesia.
Why this mattersAdds high-purity recycled PP and PE capacity in Indonesia aimed at automotive, electronics and packaging users, including bag-to-bag recycling of woven sacks.
- Circulate Capital has invested an undisclosed amount in PT Bumi Baru Plastik (BBP), founded in 2022.
- The investment is Circulate Capital's sixth in Indonesia.
- BBP will consolidate production at a new industrial site in Jonggol, West Java.
- Phase 1 raises capacity to 1,600 tonnes per month by February 2027.
- Phase 2 raises capacity to 2,600 tonnes per month by the fourth quarter of 2027, a fivefold increase overall.
- BBP supplies more than 50 plastics manufacturers and sources from a network of more than 400 collection partners.
- An executive described the Asian recycled polyolefins market as cost-driven.