Search En menu ClientConnect
Top 5 search results See all results Advanced search
Top searches
Most visited pages


    € 17,642,907.56
    Regional - Asia : € 17,642,907.56
    Solid waste : € 1,764,290.76
    Industry : € 15,878,616.8
    Signature date(s)
    16/12/2021 : € 1,764,290.76
    16/12/2021 : € 15,878,616.8

    Summary sheet

    Release date
    20 May 2021
    Signed | 16/12/2021
    Project name
    Promoter - financial intermediary
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    USD 20 million (EUR 17 million)
    USD 100 million (EUR 85 million)
    • Industry - Manufacturing
    • Industry - Water supply; sewerage, waste management and remediation activities
    • Solid waste - Water supply; sewerage, waste management and remediation activities

    Equity participation in a private equity fund investing in small and medium-sized enterprises (SMEs) that prevent ocean plastic pollution and advance the circular economy in Asia.

    The fund aims to provide equity and quasi-equity support to SMEs that prevent plastic pollution and advance the circulate economy in Asia. The fund will target investments mainly in India, Indonesia, Thailand, Vietnam, the Philippines, and Malaysia. The fund has a focus on companies with positive climate and sustainability impact in line with the objectives of the EIB Climate Bank Roadmap and the Clean Oceans Initiative. The fund will support the achievement of a number of sustainable development goals including SDG13 (Climate Action) and SDG14 (Life Under Water). The fund's target size is up to USD 80-100 million.

    Additionality and Impact

    The Fund will support companies that reduce plastic waste and related discharge to oceans. This operation is well aligned to EU policy objectives of supporting the transition to a more circular economy and to the EU waste hierarchy presented in the EU Waste Framework Directive (2018/851) and in the new EU Circular Economy Action Plan.

    The Fund investments will generate positive externalities in the form of increased material recovery and reduced discharge of plastics and other waste in urban environments and to the sea.

    The Fund strategy is in line with the objectives of the EIB Climate Bank Roadmap and the Clean Oceans Initiative. EIB commitment will contribute to EU policy and priorities with regards Climate Action outside of Europe. It will support the achievement of sustainable development goals (SDGs), aiming to limit climate change. The Fund will contribute to the Bank's Climate Action and Environmental Sustainability targets outside the EU. Therefore, the operation is proposed under the Climate Action and Environment Facility (CAEF). EIB commitment is expected to trigger the commitment from other investors and to have a strong catalytic effect. With EIB commitment, the Fund's terms are expected to be negotiated in line with best market practice standards.

    Environmental aspects

    The fund's operational guidelines will provide for environmental and social due diligence of investee companies according to guidelines acceptable to the Bank.

    The fund is expected to comply with the EIB's procurement guidelines.


    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).


    Environmental and Social Data Sheet (ESDS) - CIRCULATE CAPITAL OCEAN FUND I - B
    Publication Date
    9 Aug 2021
    Document language
    Main Topic
    Document Number
    Document Focus
    Environmental Information
    Project Number
    Publicly available
    Download now

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

    Related publications