Learn more here. Carol is a Senior Director at our Center for the Circular Economy. BROOKFIELD RENEWABLE PARTNERS L.P. : Financial news and information Stock BROOKFIELD RENEWABLE PARTNERS L.P. | Deutsche Boerse AG: BXE0 | Deutsche Boerse AG In cities across North America, including New York, zero-waste goals are becoming a top priority with the growing urgency of climate risks and increasing landfill costs. Since 2014, Closed Loop Partners has evolved and grown to capture and maximize the growing market opportunity of circularity--estimated at $4.5 trillion by 2030. TheNew York-based investment firm manages venture capital, growth equity, private equity and project-based finance funds. All Rights Reserved. Anything that gets us closer to that goal is not something we want to keep to ourselves., McDonalds is committed to using our scale for good. By Deonna Anderson July 24, 2020 Source: Emilija Miljkovic Shutterstock Single-use plastic shopping bags are a real problem. Our mission is to mobilize our investors resourcestheir money, time and influenceto create jobs, spur new business creation and to expand opportunities for all of the citys residents and neighborhoods. Contamination is one of the biggest challenges in composting facilities. We accelerate the future of foodservice packaging. A circular economy prioritizes . NEW YORK, July 21, 2020 /PRNewswire/ -- The Center for the Circular Economy at Closed Loop Partners and leading retailers CVS Health, Target and Walmart aim to reinvent the single-use 2022 U.S. Plastics Pact. Closed Loop Partners reports that these 12 winning solutionsbroadly categorized into innovative cup liners, new materials and reusable cup service modelshave the potential to turn the 250 billion fiber to-go cups used annually from waste into a valuable material in the recycling system. From there, select. But that popularity comes at a great cost. Additionally, the Coca-Cola Co. increased its commitment to participate in the consortium as a sector lead partner, and JDE Peet's, Wendy's and Yum! We prioritize initiatives that create jobs and support social entrepreneurship, particularly in disadvantaged neighborhoods. Faced with increasing climate risks, eco-conscious customers and a resource-constrained world, the foodservice industry must double down on its efforts and band together to strategically tackle the mounting waste challenge, said Kate Daly, Managing Director of the Center for the Circular Economy at Closed Loop Partners. We are an innovation center for research, analysis and collaboration. Navigating Plastic Alternatives In a Circular Economy. Today, the Center for the Circular Economy at Closed Loop Partners launched the Composting Consortium, together with founding partners PepsiCo and the NextGen Consortium.A multiyear collaboration, the Consortium brings together leading voices in the composting ecosystem in the US to identify the best path forward to increase the recovery of compostable food packaging and drive toward circular . Our investments align capitalism with positive social and environmental impact. We facilitate the growth of emerging industries so that New York City is at the forefront of innovation, remains a hub for exceptional talent, and is positioned for the future. Kate Daly leads the Center for the Circular Economy at Closed Loop Partners, an innovation center for research, analysis and collaboration to accelerate the transition to a circular economy in which materials are shared, re-used and continuously cycled. Closed Loop Partners is a leading circular economy-focused investment firm and innovation center. The shop is a closed loop. Brands are Supporting Partners. Closed Loop Partners is an investment firm focused on building the circular economy. This initiative prioritizes scaling reuse and refill models and reducing material usage in design, while bolstering the recovery infrastructure to address plastics waste. We invest in innovative nonprofit and for-profit companies to ensure a promising future forNew York City. Sep 14, 2022. We are proud of our investment and partnership with Closed Loop Partners and look forward to continued collaboration as we work together to advance our shared vision for a waste-free future. Domtar, PlasticFri and Swaycompanies developing innovative, alternative materials to single-use plasticwill undergo rigorous material performance and recovery testing to optimize their designs to meet the needs of retailers and customers, and match the specifications of recycling and composting facilities. The Closed Loop Leadership Fund, Closed Loop Partners' managed buyout fund, includes investors Microsoft Climate Innovation Fund, Nestl, PepsiCo Beverages North Americaand Unilever, alongside family offices, pension funds and foundations. Closed Loop Partners brings together designers, manufacturers, recovery systems operators, trade organizations, municipalities, policymakers and NGOs to create, invest in, and support scalable innovations that target big system problems. The Consortium also continued its work across the broader foodservice packaging value chain, conducting dozens of lab and commercial-scale tests with recyclers, material test labs and paper mills to evaluate the performance, recyclability and recoverability of the fiber cup solutions. The Center for the Circular Economy at Closed Loop Partners convened the NextGen Consortium, a multi-year, global consortium that aims to address single-use food packaging waste globally. The firm's business verticals build upon one another, bridging gaps and fostering synergies to scale the circular economy. . There is currently a lack of public information on the conditions in which compostable packaging degrades. Its a global issue. This pilottesteda different part of the retail system, knowing that people shop in various waysranging from at home to in store. Since winning the contract to service the City of New York, SMR has grown to handle more than 600,000 tons of municipal curbside material annually that is collected from more than 10 million people. SMR manages the curbside recyclables ofPalm Beach County, FL, through a long-term operating agreement with the Solid Waste Authority ofPalm Beach County, and has been contracted to provide similar services toLee County, FL. According to the Circularity Gap Reporting Initiative, 70% of all global greenhouse gas (GHG) emissions are related to material handling and use, making circular economy infrastructure a critical part of the solution to our climate crisis. Closed Loop Partners is a leading circular economy investor in the United States with an extensive network of Fortune 500 corporate investors, family offices, institutional investors, industry experts, and impact partners. The Consortiums first initiative, NextGen Cup, was launched to advance recoverable solutions for the fiber, hot and cold, to-go cup systema critical step to unlock wider innovations and overcome the global infrastructural challenges of single-use packaging. Our latest blog posts, press releases and media related to the circular economy. Together, we can accelerate the modernization of recycling acrossthe United Statesto close the loop on valuable materials and build a truly circular economy.. This initiative prioritizes scaling reuse and refill models and reducing material usage in design, while bolstering the recovery infrastructure to address plastics waste. Learn morehere. We invest in innovative nonprofit and for-profit companies to ensure a promising future for New York City. In cities acrossNorth America, includingNew York, zero-waste goals are becoming a top priority with the growing urgency of climate risks and increasing landfill costs. Understanding that packaging waste constitutes a systems challenge, the Consortia takes a holistic approach to advancing a range of solutionsknowing that there is no silver bullet to addressing plastic waste. Media Contact: Georgia Sherwin [emailprotected], Cision Distribution 888-776-0942 That's where Closed Loop Partners' Consortium to Reinvent the Retail Bag comes in working with some of the largest players in the retail industry, . ", "The recycling landscape in America continues to be challenging, and as companies including PepsiCo set ambitious goals to use more recycled content in their packaging, there is more need than ever for partnerships and action to increase access to recycled material,"said Jason Blake, Chief Sustainability Officer and SVP at PepsiCo Beverages North America. SMRs board will become one of the first majority female-led boards in the industry, withJessica Long, Managing Director at Closed Loop Partners, as Chairperson of the Board. We innovate, test and scale solutions that create long-term impact. This pilot is co-led with our Advisory Partner, the Biodegradable Products Institute (BPI), to test how different approaches in design and labeling affect how consumers and end-users identify and perceive compostable product packaging. Our investment focus is to make New York City stronger and more inclusive. Many products and packaging are created to be used just one time, before they are disposed of, and too often these then end up in landfills and the natural environment, where they contribute to greenhouse gas emissions and the growing climate crisis. About the Closed Loop Circular Plastics Fund at Closed Loop PartnersThe Closed Loop Circular Plastics Fund provides catalytic financing to build circular economy infrastructure and improve the recovery of polypropylene and polyethylene plastic in the U.S. &Canada, returning plastics to more sustainable manufacturing supply chains for use as feedstock for future products and packaging. commercially machine washable, durable and long-lasting closed-loop product that is made from 100 percent post-consumer recycled plastic bottles. To design this pilot, Closed Loop Partners collaborated with composting industry groups including the United States Composting Council (USCC), CREF, and BPI alongside brand partners. In the coming years, SMR's expansion is expected to create additional local jobs in the recycling and manufacturing sectors. To learn more about this work, visitwww.closedlooppartners.com. HCC in the Community Centers of Excellence. "Together, we can accelerate the modernization of recycling across the United States to close the loop on valuable materials and build a truly circular economy.". The Center for the Circular Economy at Closed Loop Partners convened the NextGen Consortium, a multi-year, global consortium that aims to address single-use food packaging waste globally. from 8 AM - 9 PM ET. | Closed Loop Partners is a New York based investment firm comprised of venture capital, growth equity, private equity, project finance and an innovation center. Identifying and sourcing sustainable material innovation, Keeping packaging materials in play for multiple uses, Aligning packaging with recovery infrastructure, The Reusies: The Oscars of the Reuse Movement, Four key drivers have accelerated sustainable packaging, The Consortium expands its work to advance reusable, In less than one year, The Recycling Partnerships, Two-month borrow-and-return trial will run in five, Polypropylene Recycling Coalition brings total awards, January 14, New York Today, the Center for the Circular, NextGen Consortium brings its collective strength and, Georgia-Pacific announced today that it is now accepting, Customers can safely use their reusable cups again, Local cafes, cities and students joined the NextGen, Paper cup features liner made out of biodegradable, The new version of the cup is still made from paper,, The worlds first market trials will begin on the, This week, we hit a major milestone nearly two years, The cities of San Francisco and Palo Alto are set to, Pilot programs in California that start this week will, Local cafes join the Consortiums efforts to advance, Starbucks, McDonalds and other industry leaders partner, From 480 innovative ideas, to live prototyping, to, Earlier this year, 44 per cent of Starbucks shareholders, TheNextGen Consortium, a pre-competitive collaboration, Amid burbling espresso machines and towering stacks, Some 600 billion new disposable cups each year swell, Your cup of java is changing its look and cleaning, A coalition of some of the biggest brands on the planet, In the United States alone, McDonalds sells more than, Nearly 500 innovative ideas were submitted to the NextGen, Denver residents participating in the citys recycling. Her work spans the entire value chain to tackle infrastructure challenges to support the transition to a circular economy. "We are excited to support this acquisition which will help ensure that SMR has the resources and next-generation technology to expand its regional footprint at a time when New York is rethinking its recycling systems and transitioning to a greener economy. Closed Loop Partners | 22,621 followers on LinkedIn. Innovate, to explore a wide range of new circular solutions, beyond the boundaries of status quo and business as usual. Your email address will not be published. Starbucks and McDonalds, the founding members of Closed Loop Partners' NextGen Consortium, have committed $10 million to continue the consortium's work in foodservice packaging solutions. SMR servesNew York Cityand surroundingNew Jerseymunicipalities through its facilities in theBronx,Brooklyn,Queens, andJersey City, NJ. SMR produces hundreds of thousands of tons of recycled metals, plastics, paper and glass for sale to mills, smelters, refiners, re-claimers and secondary material processors. In early 2020, the NextGen Consortium launched a set of reuse ecosystem pilots in the San Francisco Bay Area . NEW YORK,March 2, 2022/PRNewswire/ The Closed Loop Leadership Fund, L.P., a private investment fund managed byClosed Loop Partners(CLP), has led a consortium of investors, including the Partnership Fund forNew York City, in acquiring a majority stake inSims Municipal Recycling(SMR). New York, NY - Closed Loop Partners' Center for the Circular Economy and the Consortium to Reinvent the Retail Bag released a new resource to help guide. Collaborating to solve complex challenges is hard. We bring together some of the worlds largest companies to harness their expertise and reach to unlock system-wide scale for a waste-free future. This partnership represents an initial investment and Unilever will collect more plastic than it sells by Vehik will assume his post as President immediately, Nestl today announced a USD 30 million investment Closed Loop Partners, Balcones Resources and Single Closed Loop Partners and Balcones Resources will expand Closed Loop Partners is a New York-based investment firm comprised of venture capital, growth equity, private equity and catalytic capital, and an innovation center focused on building the circular economy. We have learned a tremendous amount along the way, from brands, from customers, and from innovators who are helping to imagine a future where waste is a thing of the past. The Consortium draws upon the experience and expertise of brands, municipalities, material recovery facilities and manufactures to scale its impact. NEW YORK, March 2, 2022 /PRNewswire/ -- The Closed Loop Leadership Fund, L.P., a private investment fund managed by Closed Loop Partners (CLP), has led a consortium of investors, including the Partnership Fund for New York City, in acquiring a majority stake in Sims Municipal Recycling (SMR). The demand for alternatives to traditional fossil fuel-based single-use plastic packaging is rising, and the market for compostable packaging is poised to grow 17% annually between 2020 and 2027. Collectively, consortium partners have committed more than $15 million to launch the Beyond the Bag Initiative. "I know this is just the first of several significant projects that will grow and improve recycling infrastructure in the U.S. as a result of the Fund. Its critical that we know exactly what happens to cups at end-of-use so that we can better understand how to keep their valuable materials in circulation and out of landfills. This investment, coupled with the existing portfolio of Closed Loop Partners' managed investment funds, will enable SMR to expand its services, accelerating the development of circular economy infrastructure in the United States. "Through our partnership with Closed Loop Partners we are able to advance the necessary work that is being done to transform the recycling system and get access to more high-quality recycled material that will help us to make progress towards our PepsiCo Positive goals and transformation. About the Closed Loop Leadership Fund at Closed Loop PartnersThe Closed Loop Leadership Fund is Closed Loop Partners' private equity fund, focused on investing in best-in-class circular business models that are fundamental to keeping plastics and packaging, food and organics, electronics and textiles out of landfills and within a circular system. Hexagon has partnered with Research Institutes of Sweden (RISE), a national research and development (R&D) center, to provide software that will help meet a Swedish initiative to advance the use of additive manufacturing (AM) technologies and accelerate the adoption of sustainable processes in European industry, the . PepsiCo and the NextGen Consortium are founding partners of the Consortium. Don McCanne, M.D., Physicians for a Nation Health Program (PNHP), says private equity firms are moving into health care by clustering specific specialties into new corporate entities. Every year, New Yorkers put hundreds of thousands of tons of valuable materials like plastic, glass, metal and paper into their recycling bins, and Sims Municipal Recycling plays a critical role in processing these to make sure they re-enter manufacturing supply chains, rather than turn into waste, saysBridget Anderson, Deputy Commissioner, Recycling and Sustainability atNYCDepartment of Sanitation (DSNY). We Invest in Every Stage of the Circular Economy See Investment Strategy Impact Report Check out our 2021 Impact Report Read More Download In 2021, the Consortiumlaunched a series of tests and first-of-a-kind multi-retailer pilots with select winning solutions to advance sustainable alternatives to the single-use plastic bag and accelerate their potential to scale. Closed Loop Partners is a leading circular economy-focused investment firm and innovation center. ", "Investing in recycling infrastructure is central to Unilever's goal to collect and process more plastic packaging than we sell by 2025," said Niki King, Head of Sustainability for Unilever North America. Learn more about the Funds investment criteria and apply for fundinghere. Since that time, SMR quickly became the cornerstone of theNew York Citycurbside recycling program. Real-time Real Talk by Dexcom Episode 2 In this podcast episode, our host Cher Pastore sat down with Matthew Vogel and Jami Klein - Dexcom employees and Dexcom users. What makes it particularly smart or circular? The latest news and research related to the Consortium's work. Investing in the growth and strengthening of recycling infrastructure across the United States will help recover the value of products and packaging, returning materials to manufacturing supply chains and enabling packaging circularity. Following the Challenge, the Consortium has continued to advance the development of innovative cup and cup liner innovations, and the Consortiums Circular Business Accelerator supported six early-stage teams to help test and refine their solutions. . I know this is just the first of several significant projects that will grow and improve recycling infrastructure in the U.S. as a result of the Fund., Removing plastic waste from the environment is an essential contribution to society and future generations. Closed Loop Partners is excited to announce the launch of Circular Services, the largest privately held recycling and reuse company in North America, Liked by Natalie Adomait We are pleased to be partnering with Closed Loop Partners to launch Circular Services, a leading developer of #CircularEconomy & #recycling "Sims Municipal Recycling will play a critical role in powering an inclusive circular economy in New York City by reducing waste and supporting a sustainable supply chain for new products," said Maria Gotsch, President and CEO of the Partnership Fund for New York City. About Closed Loop PartnersClosed Loop Partners is a leading circular economy-focused investment firm and innovation center. About The Partnership Fund for New YorkThe Partnership Fund for New York City is the investment arm of thePartnership for New York City, New York's leading business organization. Knowing that systems change does not happen overnight, these pilots are an essential step to test, incorporate customer and retailer feedback, and improve new solutions, exploring pathways to scale., Through NextGen, weve made great progress in growing more sustainable packaging solutions, and there is a lot more work to be done. About The Partnership Fund forNew YorkThe Partnership Fund forNew York Cityis the investment arm of thePartnership forNew York City,New Yorksleading business organization. Daniel is a Senior Project Director at the Center for the Circular Economy where he manages the NextGen Consortium, a multi-year partnership of food-service industry leaders, founded by Starbucks and McDonalds, to address single-use food packaging waste globally by advancing the design, commercialization, and recovery of food packaging alternatives. This announcement follows recent commitments by both companies to drive innovation of their packaging and help reduce waste. This heat battery, being developed by a consortium of Eindhoven University of Technology, TNO, spin-off Cellcius and industrial partners, is cheap, compact, loss-free and now ready for the first real-world tests. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. We have learned a tremendous amount along the way, from brands, from customers, and from innovators who are helping to imagine a future where waste is a thing of the past. An LSTM network as shown in Figure 4 is well-suited to learn from experience to classify, process and predict time series events when there are very long-time lags of unknown size between important events. The firms business verticals build upon one another, bridging gaps and fostering synergies to scale the circular economy. The CIRCLES (Congestion Impacts Reduction via CAV-in-the-loop Lagrangian Energy Smoothing) Consortium, comprising Vanderbilt University, UC Berkeley, Temple University and Rutgers University-Camden, in coordination with Nissan North America and Tennessee Department of Transportation, recently concluded a five-day open-track experiment testing an artificial-intelligence-equipped cruise control . Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. Together, we are committed to enabling the circular economy by finding ways to reuse plastics again and again,saidLuis Sierra, President and CEO of NOVA Chemicals. En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. As we transition from our embedded linear systems into new, interdependent circular ones, we still have much to learn and test so that new approaches can become operational in a diverse set of contexts. The NextGen Consortium is a multi-year, global consortium that aims to address single-use foodservice packaging waste by advancing the design, commercialization and recovery of packaging alternatives. This acquisition is an important step towards making that type of true circular system a reality. The investment in SMR is expected to accelerate the recovery of valuable commodities, including plastics, paper, metal and glass, diverting them from landfills and returning them to manufacturing supply chains. Compostable packaging presents potential environmental, economic and social benefits, offering a means to reduce food waste and mitigate climate impacts by diverting food scraps within packaging toward composting infrastructure, and avoiding the greenhouse gases emitted when food waste ends up in landfill. The New York-based investment firm manages venture capital, growth equity, private equity and. Our in-field pilot aims to establish a baseline for contamination rates and common contaminants, as well as draw correlations between operational choices and the sortation measures that most effectively reduce contamination in compost products. To learn about the Closed Loop Circular Plastics Fund, visit Closed Loop Partners' website. "This acquisition is an important step towards making that type of true circular system a reality. The Consortium brings together leading voices in the composting ecosystem in the United States to identify the best path forward to increase the recovery of compostable food packaging and drive toward circular outcomes. The NextGen Consortium is a multi-year consortium that addresses single-use food packaging waste globally by advancing the design, commercialization, and recovery of food packaging alternatives. The seemingly simple plastic bag poses a complex design challenge. For decades, the single-use plastic bag reigned as the dominant design solution for one of the most common human activities: getting a purchase home. In early 2020, the NextGen Consortium launched a set of reuse ecosystem pilots in the San Francisco Bay Area in partnership with the design firm IDEO. SMR also manages the long-term New York City residential recycling contract, which is the largest municipal recycling contract in North America. Together, these companies each have ambitious commitments to use recycled materials in their manufacturing supply chains, yet the current supply of recycled plastics meets only six percent of demand for the most commonly used plastics in the U.S. and Canada. Data gathered from this pilot will be used to support future research efforts and identify priorities for investments in composting operations. In the coming years, SMRs expansion is expected to create additional local jobs in the recycling and manufacturing sectors. Beyond reimagining the life cycle of the fiber in to-go cups, the Consortium addresses the issues of packaging waste on multiple fronts: exploring a variety of packaging innovations, testing reuse & refill models to reduce the overall use of packaging materials, and strengthening the materials recovery & recycling systems to support this transition. More than four years ago, when Closed Loop Partners joined with Starbucks, McDonalds and other brand leaders to launch the NextGen Consortium, we set out to reinvent the cupand to accelerate systemic change across the industry. To accelerate innovation for much-needed solutions, Closed Loop Partners - with Founding Partners CVS Health, Target and Walmart, and joined by Kroger and Walgreens - is forming the Consortium to Reinvent the Retail Bag. Closed Loop Partners is an investment platform that invests in sustainable consumer goods, recycling and the development of the circular economy. Danielle is a Managing Director and leads the Closed Loop Ventures Group platform - the seed and pre-seed investment division of Closed Loop Partners - focused on the circular economy. Thesepilotshelpedrefine select winning solutions from the Consortiums global Beyond the Bag Challenge, evaluating multiple factors, from technical feasibility to desirability,and ranover a six-week+ period. Founding Partners Starbucks and McDonald's lead the unprecedented pre-competitive collaboration amongst consumer brands committed to advancing foodservice packaging solutions, including the hot and cold fiber cup. Returnity and Eonpilotedthrough Walmart delivery in select markets. It also marks the first investment from theClosed Loop Circular Plastics Fund, Closed Loop Partners catalytic flexible financing fund that launched in 2021, and includes investors Dow, LyondellBasell, NOVA Chemicals, Sealed Air and SK Geo Centric Co., Ltd. Closed Loop Partners Circular Plastics Fund finances technologies, companies and infrastructure projects that increase the quality and quantity of recycled polyethylene and polypropylene. Required fields are marked *, I acknowledge by submitting this form, I accept the website terms of use privacy policy *. SMR currently operates four recycling facilities across the New York-New Jersey metro region and Florida, including its Brooklyn materials recovery facility (MRF), which is the largest dual stream recycling facility in North America. We invest in the circular economy, a new economic model focused on a profitable and sustainable . To learn about the Closed Loop Leadership Fund, visit Closed Loop Partnerswebsite. Sims Municipal Recycling manages several municipal recycling programs including the largest municipal recycling contract in North America, New York Citys recycling contract. Sims Municipal Recycling will play a critical role in powering an inclusive circular economy inNew York Cityby reducing waste and supporting a sustainable supply chain for new products, saidMaria Gotsch, President and CEO of the Partnership Fund forNew York City. The majority of plastic bags end up in landfills, are incinerated, or leak into the environment. The solutionstested includedmultiple reusable bag models, alongside enabling technologies, which help serve customers needs, extend the useful life of retail bags and provide visibility into the full lifecycle of a bag. About the Closed Loop Leadership Fund at Closed Loop PartnersThe Closed Loop Leadership Fund is Closed Loop Partners private equity fund, focused on investing in best-in-class circular business models that are fundamental to keeping plastics and packaging, food and organics, electronics and textiles out of landfills and within a circular system. Prior to Closed Loop Partners, Danielle worked on clean energy project finance activities, including clean energy, energy . More than four years ago, when Closed Loop Partners joined with Starbucks, McDonald's and other brand leaders to launch the NextGen Consortium, we set out to reinvent the cupand to accelerate systemic change across the industry. The Consortium will deepen its customer research and testing of reusable packaging systems, explore the circularity of additional packaging materials such as polypropylene (PP), and accelerate the development of more widely recyclable and compostable fiber-based packaging solutions, as well as the infrastructure pathways needed for their recovery. Our latest report draws insights from the NextGen Consortiums first initiative, NextGen Cup, and explores the different reuse models and systems. The NextGen Consortium is rooted in efforts to rethink foodservice packaging. The Closed Loop Leadership Fund, L.P., a New York City-based private investment fund managed by Closed Loop Partners (CLP), has led a consortium of investors, including the Partnership Fund for New York City, in acquiring a majority stake in Sims Municipal Recycling (SMR). Our report Bringing Reusable Packaging Systems to Life highlighted key insights from these in-market tests, and these learnings are the building blocks for the next phase of testing and innovation the NextGen Consortium is embarking upon in the coming year. for someone to join they need to be recommended by an existing partner and voted . This pilot is designed to, measure and identify the operating conditions, a joint program between the Composting Research and Education Foundation, correlating composting conditions with the disintegration of common compostable products and, 34), a critical piece of accomplishing the, a single set of acceptability criteria for compostable packaging. Starbucks and Closed Loop Partners to develop recyclable, compostable cup solution. As we look forward to all the work ahead, we are pleased to welcome PepsiCo as a Sector Lead Partner, alongside Founding Partners Starbucks and McDonalds, inaugural Sector Lead Partner The Coca-Cola Co., Supporting Partners Yum! The Center for the Circular Economys industry consortia follow an Innovate, Test and Scale framework to advance circular solutions for shared material challengesincluding the single-use plastic bag and single-use foodservice packaging, such as the fiber to-go cup. These Consortia are critical parts of Closed Loop Partners broader work to accelerate the transition to a circular economy, one in which valuable resources, including plastics, never go to waste. NEW YORK, Sept. 13, 2022 /PRNewswire/ -- Closed Loop Partners' Center for the Circular Economy and the Consortium to Reinvent the Retail Bag released a new resource to help guide retailers. SMR manages the curbside recyclables of Palm Beach County, FL, through a long-term operating agreement with the Solid Waste Authority of Palm Beach County, and has been contracted to provide similar services to Lee County, FL. It also marks the first investment from the Closed Loop Circular Plastics Fund, Closed Loop Partners' catalytic flexible financing fund that launched in 2021, and includes investors Dow, LyondellBasell, NOVA Chemicals, Sealed Air and SK Geo Centric Co., Ltd. Closed Loop Partners' Circular Plastics Fund finances technologies, companies and infrastructure projects that increase the quality and quantity of recycled polyethylene and polypropylene. Closed Loop Partners' Center for the Circular Economy and the Consortium to Reinvent the Retail Bag released a new resource to help guide retailers looking to adopt reusable bag . Teplizumab, the world's first type 1 diabetes disease-modifying drug, has been approved by the USA's Food and Drug Administration (FDA).. Teplizumab is an immunotherapy drug proven to delay the onset of type 1 by up to three years in high-risk individuals.It effectively tackles the root cause of the condition for the first time. Through our NextGen and Beyond the Bag consortia, Closed Loop Partners catalyzes collaborations with innovators and system operators across the packaging value chain to test opportunities and identify pain points within a new reuse economy. Sims Limited remains a minority stakeholder in SMR, and you can read more about the company's sustainability goals at www.simsltd.com. The 'closed-loop system' as the basis for the heat battery. Slectionnez Grer les paramtres pour grer vos prfrences. Findings from the Beyond the Bag Pilots build on and complement additional learnings from Closed Loop Partners' NextGen Consortium that ran several reusable cup pilots in 2020 . The basic idea of failure detection with LSTM neural network is that the system looks at previous values over minutes or hours and predicts the behavior for the next predefined duration. This pilot is designed to measure and identify the operating conditions that support the degradation of compostable packaging of various materials and formats. Its critical that we grow recycling infrastructure so that we can recover more materials and loop them back into packaging supply chains.. About Sims Municipal RecyclingSims Municipal Recycling (SMR), a leader in the municipal recycling industry, was established in 2003 as a wholly-owned division of Sims Limited, a global leader in recycling and sustainability. Expanding access to recycling services and enabling local circular economy manufacturing can help cities and businesses avoid the cost of landfilling products and packaging, while eliminating the GHG emissions associated with manufacturing using virgin materials, and helping to create thousands of local jobs and more resilient communities. More than four years ago, when Closed Loop Partners joined with Starbucks, McDonalds and other brand leaders to launch the NextGen Consortium, we set out to reinvent the cupand to accelerate systemic change across the industry. In 2020, the Center launchedits second consortium,the Consortium to Reinvent the Retail Bag, to identify, test and implement innovative new design solutions that serve the function of todays single-use plastic retail bag, delivering ease and convenience for consumers while striving to lessen the impact on the environment. Closed Loop Partners is an investment platform that invests in sustainable consumer goods, recycling and the development of the circular economy. Our investment focus is to makeNew York Citystronger and more inclusive. More data is needed to understand how much contamination exists in feedstock and in, the overs big pieces like wood chips and. To learn more about this work, visit www.closedlooppartners.com. The firm's business verticals build upon one another, bridging gaps and fostering synergies to scale the circular economy. Test, to pilot circular solutions in-market and test with recyclers, composters, and material test labs to evaluate the performance, recyclability and recoverability of solutions. Our investments align capitalism with positive social and environmental impact. Sims Limited remains a minority stakeholder in SMR, and you can read more about the companys sustainability goals atwww.simsltd.com. The New York-based investment firm manages venture capital, growth equity, private equity and project-based finance funds. The Fund's goal of optimizing recovery infrastructure is one part of Closed Loop Partners' broader initiative of Advancing Circular Systems for Plastics. LyondellBasell is proud to be a founding partner of Closed Loop Partners Circular Plastics Fund and is very pleased the funds first investment is Sims Municipal Recycling, saidKen Lane, Executive Vice President, Global Olefins and Polyolefins at LyondellBasell. Long says, "Closed Loop Partners' ecosystem of investorsincluding strategic corporate partners like Nestl, PepsiCo Beverages North America, Microsoft and Unilever, pension funds, family offices and foundationsare all interested in developing sustainable business models and markets for recycled content, keeping valuable materials out of landfill. We are excited to support this acquisition which will help ensure that SMR has the resources and next-generation technology to expand its regional footprint at a time whenNew Yorkis rethinking its recycling systems and transitioning to a greener economy., Nestl is committed to helping ensure that after our consumers enjoy the products we create, there is infrastructure in place that allows them to recycle and help keep those plastics out of landfills, saidChastity McLeod, Director of Technical Packaging at NestlUSA. Data gathered, be used to support future research efforts and, There is currently a lack of public information on the conditions in which compostable packaging degrades. In the Gujarat Legislative Assembly Election 2017, Garbada constituency had 6 candidates for assembly seat contention. SMR currently operates four recycling facilities across theNew YorkNew Jerseymetro region andFlorida, including itsBrooklynmaterials recovery facility (MRF), which is the largest dual stream recycling facility inNorth America. To learn about the Closed Loop Circular Plastics Fund, visit Closed Loop Partnerswebsite. About Closed Loop PartnersClosed Loop Partners is a leading circular economy-focused investment firm and innovation center. We are excited to join Starbucks and Closed Loop to help solve this pressing challenge, as collaboration is key to finding a scalable, lasting global solution.. Closed Loop Partners' Center for the Circular Economy manages the Consortium. The new Composting Consortium aims to pilot industry-wide. Prior to joining Closed Loop Partners, Carolina helped found and scale Loop by TerraCycle, a first-of-its-kind global platform for reuse. This investment is made possible by a group of investors, including investment funds managed by Closed Loop Partners, such as the Closed Loop Leadership Fund and the Closed Loop Circular Plastics Fund, as well as the Partnership Fund forNew York City, among others. the composting consortium, managed by the center for the circular economy at closed loop partners, is a multi-year collaboration across the entire compostable packaging value chain to pilot industry-wide solutions and build a roadmap for investment in technologies and infrastructure that enable the recovery of compostable food packaging and food And in, the overs big pieces like wood chips and to learn the! Chain to tackle infrastructure challenges to support future research efforts and identify priorities investments... And refill models and systems closed loop partners consortium you can read more about this,. Brands, municipalities, material recovery facilities and manufactures to scale its impact chain... 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