Plastics Fund (Cont’d from Page 1) amount of high-quality plastic, including food-grade and medical-grade plastic, sent for remanufacturing. Manufacturing — Investing in facilities and equipment that manufacture nished products, packaging or related goods using recycled content, including recycled PE and PP. Since its founding in 2014, Closed Loop Partners’ existing portfolio of more than 50 investments has diverted more than 4,600 million pounds of material from landfills and back into manufacturing supply chains.Building on this, the Closed Loop Circular Plastics Fund will invest in technol- ogies, companies and infrastructure projects that enhance the recovery and recycling of target materials including post-consumer and post-industrial PE and PP in the United States and Canada. The Fund will deploy a flexible mix of debt and equity fi- nancing and will also aim to stimulate mainstream co-invest- ments, including those from financial institutions, into circu- lar solutions for plastics to further accelerate impact at scale. “The plastic resin manufacturers that create value for their shareholders now and in the future will be the ones that ensure that 100 percent of their products are safely recycled or reused, and never discarded in a landfill or else- where in our ecosystem,” said Ron Gonen, Founder & CEO of Closed Loop Partners. The current supply of recycled plastics meets only 6 per- cent of demand for the most commonly used plastics in the United States and Canada. Systemic bottlenecks, mis- aligned incentives and policies, technological inefficiencies and outdated equipment across the plastics recovery sys- tem contribute to millions of tons of plastic going to waste in landfills and oceans, according to Closed Look Partners. Increasing the recovery and recirculation of plastics could help meet an addressable market for plastics with potential revenue opportunities of $120 billion in the United States and Canada alone.Within this, significant opportunity exists to bolster the recovery of PE and PP, based on these materi- als’ market desirability and expected production amounts, as well as their wide variety of applications across indus- tries, including healthcare and food and beverage. Domtar Acquired By Paper Excellence Richmond, British Columbia-based Paper Excellence is in the process of acquiring Fort Mill, South Carolina-based Domtar. Post acquisition, Paper Excellence will possess the pulp and paper mills operated by the former Catalyst Pa- per plus those belonging to Domtar.The all-cash transaction represents an enterprise value of approximately $3.0 bil- lion, said the firms.After the transaction closes, Paper Excel- lence said it intends to continue the operations of Domtar as a standalone business entity. While the former Catalyst mills owned by Paper Excel- lence are entirely in Canada, Domtar (which itself used to be based in Montreal) has made its most significant recent investment inTennessee,where it converted a former print- ing and writing mill into a containerboard mill.
Buyer’s Guide Bu BALERS (HORIZONTAL) MACPRESSE EUROPA (MP NORTH AMERICA) 20080 VERNATE MILANO ITALY (912) 402-7968 Email: Randy@MPnorthamerica.com Website: www.macpresse.com * RECYCLING EQUIPMENT CORPORATION * 831 W. 5th St. • Lansdale, PA 19446 (267) 218-7200 Website: www.RecyclingEquipment.com E-mail: sales@recyclingequipment.com SIERRA INTERNATIONAL MACHINERY 1620 E Brundage Ln • Bakersfield CA 93307 (800) 343-8503
Website: www.sierraintl.com E-mail: info@sierraintl.com
VAN DYK RECYCLING SOLUTIONS 78 Halloween Blvd. • Stamford, CT 06902 (203) 967-1100 • Fax: (203) 967-1199 Website: www.vdrs.com Email: info@vdrs.com
BALERS (VERTICAL)
B E EQUIPMENT, INC. 1775 Wentz Rd. • Quakertown, PA 18951 (215) 536-0700 • Fax: (215) 536-2999 Website: www.beequipment.com E-mail: sales@beequipment.com ELY ENTERPRISES 3809 Broadway • Lorain, OH 44052 (216) 252-8090 Fax: (216) 252-5607 Website: www.elyent.com E-mail: sales@elyent.com HARRIS 315 W. 12th Ave. • Cordele, GA 31015 (229) 273-2500
Website: www.harrisequip.com E-mail: info@harrisequip.com * RECYCLING EQUIPMENT CORPORATION * 831 W. 5th St. • Lansdale, PA 19446 (267) 218-7200 Website: www.RecyclingEquipment.com E-mail: sales@recyclingequipment.com SIERRA INTERNATIONAL MACHINERY 1620 E Brundage Ln • Bakersfield CA 93307 (800) 343-8503
Website: www.sierraintl.com E-mail: info@sierraintl.com
Recycling Markets June 7, 2021 7
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