The Alliance to End Plastic Waste and Lombard Odier Investment Managers have formed a partnership to launch a circular plastic fund.

The fund will aim to raise $500m from institutional and other accredited investors for scalable solutions to remove plastic waste from the environment, increase recycling, and drive the global transition towards a circular economy for the plastic value chain.

Following an extensive tender, Lombard Odier were selected to build and manage the fund with the objective of generating positive environmental, social, and economic impact together with attractive financial returns.

The fund will aim to target key themes which can directly contribute to a circular economy for plastic and accelerate opportunities in overall waste management (both upstream and downstream) —including collection and sorting infrastructure, technology-enabled recycling infrastructure, design solutions for improved plastic durability, reuse and recyclability. It will also aim to drive innovation in plastic chemistry and production which can simplify or make end of life treatment easier or more effective.

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