Circulate Capital invests USD 9.5m in Indian recycler JC Global
Singapore-based Circulate Capital is investing USD 9.5m for a significant minority stake in JC Global, an Indian plastics recycler based in Coimbatore. The deal is the fund's eighth Indian investment and its first from Asia Fund II, which will back JC Global's plan to build a multi-plant recycled polyolefin and chemical recycling network in Tamil Nadu, scaling capacity toward 100,000 tonnes a year.
Why this mattersThe deal signals continued investor appetite for recycled feedstock capacity in South Asia, a region brand owners increasingly rely on for recycled-content sourcing.
- Circulate Capital is investing USD 9.5m for a significant minority stake in JC Global
- The deal is Circulate Capital's eighth investment in India
- It is the first deployment from the firm's Asia Fund II, which had a USD 220m first close
- JC Global currently operates a single site and plans a multi-plant recycling network in Tamil Nadu
- JC Global aims to scale recycling capacity to nearly 100,000 tonnes of plastic waste a year
- Circulate Capital targets deploying at least half of its USD 300m Asia Fund II target into South Asia
Sources
cnchemshop.com