Dalmia Polypro Industries receives funding from Circulate Capital to strengthen India’s circular economy

Mumbai • 6. January 2021

Dalmia Polypro Industries receives funding from Circulate Capital to strengthen India’s circular economy

With the fund infusion, Dalmia aims to triple its recycling capacity by 2025. Growth is to be achieved through new facilities and technologies and extending into value-added product categories, such as food-grade applications like bottle-to-bottle recycling. This funding is part of Circulate Capital’s commitment to invest in India to transform the country’s waste management.

Circulate Capital, the Singapore-based investment management company focused on preventing plastic from leaking into the ocean and advancing the circular economy, announced on December 10, 2020 that the Circulate Capital Ocean Fund (CCOF) has made a strategic investment in Mumbai-based Dalmia, a market-leading and sustainability-focused PET and polyolefin recycler.
By moving beyond traditional practices of downcycling PET and through the adoption of technology, Dalmia produces high quality recycled PET as well as Polyolefin flakes and granules with applications across textiles and packaging.

Speaking on the investment, Aditya Dalmia, Managing Director, Dalmia, said, “With Circulate Capital’s support we will grow our recycling capacity and expand our capabilities to foster plastic circularity.”

Read the full press release here.

Find more information on Dalmia Polypro Industries here.

More details on Circulate Capital’s investments.

 

Picture: Courtesy of Dalmia Polypro Industries Private Limited and Circulate Capital