Homegrown plastic recycling company PT Tridi Oasis Group is looking to expand its business in the flourishing circular economy, as it received part of a US$6 million investment dedicated to tackling the ocean plastic crisis in South and Southeast Asia. The funding, claimed as the world’s first investment fund dedicated to the cause in the region, was disbursed by Singapore-based Circulate Capital on April 28 and was shared with Indian recycling company Lucro. The investment is part of the Circulate Capital Ocean Fund’s $106 million in dedicated debt and equity financing for circular economy start-ups and small and medium enterprises (SMEs) in countries like Indonesia, Thailand and India.
