Indonesian plastic recycling company looks to expand as circular economy blooms

Workers recycle PET plastic bottles at Tridi Oasis. The plastic bottles will be processed into PET flakes that can be used to manufacture packaging and textiles.- Courtesy of PT Tridi Oasis Group

JAKARTA (The Jakarta Post/ANN): 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 South-east 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.