{"url":"https://newsforagent.com/news/2026-10-15/circulate-capital-bumi-baru-plastic","markdown_url":"https://newsforagent.com/news/2026-10-15/circulate-capital-bumi-baru-plastic.md","title":"Circulate Capital Backs Bumi Baru Plastic in Indonesia","headline":"Circulate Capital Invests in Bumi Baru Plastic, Its Sixth Indonesia Deal","description":"Circulate Capital has invested in Indonesian recycler Bumi Baru Plastic, funding a fivefold capacity increase and a move to an industrial site in West Java.","section":"Funding","published_at":"2026-10-15T05:08:28+00:00","modified_at":"2026-10-15T05:08:28+00:00","author":"News Desk","key_takeaways":["Circulate Capital invested in Indonesian plastic recycler Bumi Baru Plastic, its sixth investment in the archipelago, with the amount undisclosed.","Bumi Baru Plastic targets a fivefold increase in processing capacity over the next two years and supplies more than 50 plastic manufacturers.","The investment follows Circulate Capital's $220-million first close of its second climate fund, which is more than 70% of its $300-million target."],"companies":[{"name":"Circulate Capital","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0000s11/circulate-capital","website":"https://www.circulatecapital.com"}],"source":{"publisher":"DealStreetAsia","title":"Circulate Capital invests in Indonesian recycler Bumi Baru Plastic","url":"https://www.dealstreetasia.com/stories/circulate-capital-invests-in-indonesian-recycler-bumi-baru-plastic-498217"},"other_sources":[],"tags":["Funding","Circulate Capital"],"body_markdown":"Singapore-based circular economy investment manager [Circulate Capital](https://akta.pro/company-profiles/0000s11/circulate-capital) has invested in Indonesian plastic recycler Bumi Baru Plastic, its sixth investment in the archipelago, funding the company's move to a consolidated industrial site in West Java. The amount was not disclosed. [DealStreetAsia](https://www.dealstreetasia.com/stories/circulate-capital-invests-in-indonesian-recycler-bumi-baru-plastic-498217) reported the investment.\n\n## Bumi Baru Plastic's Move to Jonggol\n\nThe investment will fund BBP's transition from pilot-scale production to a consolidated industrial site in Jonggol, West Java, the company said. BBP is targeting a fivefold increase in processing capacity over the next two years.\n\n\"BBP has developed advanced technical processing capabilities to convert some of Indonesia's most challenging waste streams into high-purity, OEM-grade materials,\" said Dondi Hananto, investment partner for Southeast Asia at Circulate Capital.\n\nFounded in 2022, BBP converts post-consumer and post-industrial plastic waste into recycled compounds for industrial applications including automotive components, electronics and packaging. It processes end-of-life vehicle parts, industrial packaging, woven bags and manufacturing offcuts into recycled pellets designed to meet original equipment manufacturers' specifications.\n\nBBP supplies more than 50 plastic manufacturers, with customers in the automotive and woven packaging sectors. Its recycled materials go into products such as vehicle fenders, floor panels and packaging.\n\n\"Our focus has always been on the hardest problems in polyolefin recycling: preservation of material properties and ensuring circularity,\" said Kunal Nathani, BBP's CEO and co-founder.\n\nThe company plans to consolidate its operations, upgrade wastewater treatment facilities and establish downstream manufacturing lines to produce finished products such as specialised compounds and bubble wrap. It also aims to strengthen domestic feedstock supplies through a network of more than 400 collection partners.\n\n## Circulate Capital's Fund and Portfolio Record\n\nCirculate Capital's Asia II fund raised $220 million at first close, targeting $300 million, according to [akta.pro company records](https://akta.pro/company-data). The firm has completed over 30 deals with more than $480 million in assets under management as of April 2026, the same records show.\n\n| Figure | Value |\n| --- | --- |\n| Asia II first close | $220 million |\n| Asia II target | $300 million |\n| Fund I capitalization | $188 million |\n| Assets under management | Over $480 million |\n\n## Earlier Circulate Capital Deals\n\nIn September 2026, Circulate Capital invested $9.5 million in JC Global, its eighth India investment and first from its $300 million Asia Fund II, The Times of India reported.\n\nIn May 2026, Circulate Capital raised $220 million at first close for its Asia Fund II, surpassing 70% of its $300 million target and exceeding its predecessor Fund I's $188 million capitalization, Interplasinsights reported.\n\n## Deployment From the Second Fund\n\nThe investment comes about six months after Circulate Capital achieved a $220-million first close of its second climate fund. The firm has started deployment from the second fund into circular supply chains and recycling solutions across South and Southeast Asia, with a focus on plastic solutions and packaging, as well as electronics and apparel.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}