The Prince Albert II of Monaco Foundation and Circulate Capital Partner to Combat Ocean Plastic Pollution in South and Southeast Asia

The Prince Albert II of Monaco Foundation (FPA2), a globally recognized environmental non-profit organization, and Circulate Capital, a leading circular economy investment management firm in high-growth markets, today announced a new strategic partnership aimed at accelerating efforts to combat plastic pollution across South and Southeast Asia.

The partnership was officially unveiled at the Ocean Innovators Platform event in Hong Kong, an initiative of the Prince Albert II of Monaco Foundation dedicated to spotlighting cutting-edge solutions for a sustainable blue economy. This collaboration will leverage Circulate Capital’s expertise and FPA2’s global commitment to drive scalable, sustainable solutions that reduce plastic leakage into the ocean. Together, we will mobilize capital, expertise, and global influence to identify and invest in high-impact solutions that prevent ocean plastic at the source, while strengthening circular value chains in coastal communities.

"The fight against ocean plastic pollution is one of the Foundation’s highest priorities. Circulate Capital has demonstrated a compelling, market-based approach to solving this crisis in the regions most affected. Our partnership marks an important step in scaling up effective, on-the-ground initiatives that protect marine ecosystems and support the livelihoods of local communities. We look forward to seeing the measurable impact of this joint effort," explained Olivier Wenden, Vice Chairman & CEO of the Prince Albert II of Monaco Foundation.

The partnership focuses on South and Southeast Asia, a region at the heart of both the plastic crisis and its solution.

●       Asian rivers account for nearly 70% of the plastic entering the ocean annually. However, the region received only 10% of the US$190 billion invested in plastic circularity globally between 2018 and 2023.

●       Recycling mismanaged plastic waste across South and Southeast Asia could prevent as much GHG as shutting down 61 coal plants for a year, and meeting national recycling targets in six regional markets could result in a 10% reduction in global GHG emissions from plastics end-of-life in 2030.

"We aren’t just getting a partner; we’re getting a champion. With the Prince Albert II of Monaco Foundation alongside Circulate Capital, we can unlock the networks, capital, and collaboration needed to tackle plastic pollution head-on," highlighted Rob Kaplan, Founder and CEO of Circulate Capital.

To date, Circulate Capital has backed 23 companies across Asia and Latin America, channelling capital to scale solutions that reduce plastic pollution, drive climate impact, and build resilient, future-fit supply chains. The firm’s portfolio has added 455,000 tons per annum of new recycling capacity, avoided 627,000 tons of CO₂ emissions, and improved the livelihoods of more than 6,600 workers across the value chain.

About Circulate Capital

Circulate Capital is a leading environmental impact investor advancing the circular economy for plastics in high-growth markets, with teams and activities spanning over 10 countries and approximately $265 million in AUM. Partnering with global brands and financial institutions, we transform supply chains at scale by delivering economic, social, and environmental value. Launched in 2018 by supply chain experts and supported by leading corporations - including PepsiCo, Procter & Gamble, Dow, Danone, Chanel, Unilever, The Coca-Cola Company, Chevron Phillips Chemical Company LLC, and Mondelēz International, the firm is scaling solutions across the recycling and innovative materials value chains. Founded in and focused initially on South and Southeast Asia, the firm now targets untapped opportunities in high-growth markets to further advance the circular economy. www.circulatecapital.com

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