{"id":747680,"date":"2023-04-13T18:23:24","date_gmt":"2023-04-13T22:23:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/westlake-innovations-invests-in-infinity-recyclings-circular-plastics-fund\/"},"modified":"2023-04-13T18:23:24","modified_gmt":"2023-04-13T22:23:24","slug":"westlake-innovations-invests-in-infinity-recyclings-circular-plastics-fund","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/westlake-innovations-invests-in-infinity-recyclings-circular-plastics-fund\/","title":{"rendered":"Westlake Innovations Invests in Infinity Recycling’s Circular Plastics Fund"},"content":{"rendered":"

<\/p>\n

Westlake Innovations Invests in Infinity Recycling’s Circular Plastics Fund<\/b><\/p>\n

HOUSTON–(BUSINESS WIRE<\/a>)–
\nWestlake Innovations, Inc., a subsidiary of Westlake Corporation (NYSE: WLK), today announced the company has invested in the Circular Plastics Fund. The fund seeks to accelerate the transition to a circular economy of plastics by scaling up advanced recycling technology companies that transform plastic waste streams into primary commodities used for new plastic products. Westlake\u2019s investment builds upon the company\u2019s commitment to helping develop a more sustainable future through continuous improvement in its own manufacturing as well as strategic investments in innovative technologies and startup firms.<\/p>\n

\nThe Luxembourg-registered Circular Plastics Fund (CPF) is an Article 9 \u201cdark green\u201d impact fund, under the European Union\u2019s Sustainable Finance Disclosure Regulation. Infinity Recycling manages the CPF, which was created to catalyze the world\u2019s transition to a closed-loop plastics economy in which residual polymer waste streams, globally representing over 85% of plastic waste, are converted into building blocks for the manufacturing of new plastics. The fund\u2019s strategy aims to significantly reduce the carbon footprint of the plastics economy and contribute to eliminating the world\u2019s plastic waste problem.<\/p>\n

\nBased in Rotterdam, The Netherlands, Infinity Recycling was established in 2019 to create markets for end-of-life waste streams by investing in waste valorization technologies. As its first offering, the CPF, makes a significant contribution to solving the plastic waste problem and unlocking much-needed capacity in high in demand recycled commodities. The fund implements a return-driven investment strategy that drives value creation in advanced recycling and accelerates the transition to a circular economy for plastics.<\/p>\n

About Westlake<\/b><\/p>\n

\nWestlake Innovations, Inc. was formed in 2021 to facilitate the company\u2019s potential investments in new technologies and pursue innovative digital, mechanical or chemical applications such as new materials or recycling. Westlake is a global manufacturer and supplier of materials and innovative products that enhance life every day. Headquartered in Houston, with operations in Asia, Europe and North America, we provide the building blocks for vital solutions \u2014 from housing and construction, to packaging and healthcare, to automotive and consumer. For more information, visit the company’s web site at www.westlake.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230413005867\/en\/<\/a><\/span><\/p>\n

\nChip Swearngan
\n
mediarelations@westlake.com
\n<\/a>
1- 713-960-9111<\/p>\n

KEYWORDS:<\/b> Texas Europe United States Netherlands North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Recycling Chemicals\/Plastics Environment Manufacturing Sustainability Environmental Issues<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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Westlake Innovations Invests in Infinity Recycling’s Circular Plastics Fund HOUSTON–(BUSINESS WIRE)– Westlake Innovations, Inc., a subsidiary of Westlake Corporation (NYSE: WLK), today announced the company has invested in the Circular Plastics Fund. The fund seeks to accelerate the transition to a circular economy of plastics by scaling up advanced recycling technology companies that transform plastic waste streams into primary commodities used for new plastic products. Westlake\u2019s investment builds upon the company\u2019s commitment to helping develop a more sustainable future through continuous improvement in its own manufacturing as well as strategic investments in innovative technologies and startup firms. The Luxembourg-registered Circular Plastics Fund (CPF) is an Article 9 \u201cdark green\u201d impact fund, under the European Union\u2019s Sustainable Finance Disclosure Regulation. Infinity … <\/p>\n

Continue reading “Westlake Innovations Invests in Infinity Recycling’s Circular Plastics Fund”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-747680","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWestlake Innovations Invests in Infinity Recycling's Circular Plastics Fund - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/westlake-innovations-invests-in-infinity-recyclings-circular-plastics-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Westlake Innovations Invests in Infinity Recycling's Circular Plastics Fund - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Westlake Innovations Invests in Infinity Recycling’s Circular Plastics Fund HOUSTON–(BUSINESS WIRE)– Westlake Innovations, Inc., a subsidiary of Westlake Corporation (NYSE: WLK), today announced the company has invested in the Circular Plastics Fund. The fund seeks to accelerate the transition to a circular economy of plastics by scaling up advanced recycling technology companies that transform plastic waste streams into primary commodities used for new plastic products. Westlake\u2019s investment builds upon the company\u2019s commitment to helping develop a more sustainable future through continuous improvement in its own manufacturing as well as strategic investments in innovative technologies and startup firms. The Luxembourg-registered Circular Plastics Fund (CPF) is an Article 9 \u201cdark green\u201d impact fund, under the European Union\u2019s Sustainable Finance Disclosure Regulation. 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