The circular transition calls for patient private capital

While commitments are being made at COP26 Glasgow. Rens Van Tilburg, Willem Schramade, Jacqueline Duiker and Philip Tan are calling attention to the funding gap to transition to a circular economy.

"The circular economy is crucial to achieving the Paris climate targets and will make the Netherlands less dependent on importing raw materials and products from other regions."

"Dutch financial institutions have expressed a desire to invest in the circular transition, but pension funds are lagging far behind."

Fortunately, people are working on solutions:

The Sustainable Finance Lab will examine the barriers confronting institutional investors and suggest tools for investing in the circular economy.

Polestar Capital is launching the Polestar Capital Circular Debt Fund, the pension fund for the retail sector. This fund will provide loans to innovative circular economy companies that would not be able to get their projects off the ground, or off the ground in time, without this loan.

For more information about this fund and investment options, please contact Daan van Kassel, CAIA (dvk@polestarcapital.nl).

PCDF finances €3 mln towards construction of the demo factory of Uppact

The Polestar Capital Circular Debt Fund (PCDF) announces its €3 million debt financing of Uppact, a processor of hard-to-recycle plastic and textile waste streams into building and construction materials. With its funding, Uppact will construct a demonstration plant in Farmsum, the Netherlands, using one production line, which will be a first of its kind in Europe. The recycling installation will be able to annually process approximately 4,000 tons of plastic and textile waste, resulting in a reduction of approximately 14,000 tons of CO2-equivalents.

PCDF Circtec

The Polestar Capital Circular Debt Fund (PCDF) announces its €20 million debt financing of Circtec, a pioneering developer of recovered carbon black, circular naphtha and circular marine fuel from end-of-life tyres. With the financing of PCDF, Circtec complements the funding for the construction of the first phase of its commercial-scale pyrolysis recycling facility in the port area of Delfzijl (the Netherlands). In total, Circtec has now secured €150 million in equity, subsidies and debt financing for the Delfzijl project.

Circular firms to gain from €43 million additional funds for Polestar Capital fund

Polestar Capital Circular Debt Fund receives €30 million commitment from EIF to support SMEs in circular economy, with a further €13 million provided by Realdania Oost NL and Polestar Capital. The EIF’s stake is backed under the InvestEU initiative of the European Commission and by Invest-NL’s Dutch Alternative Credit Instrument. The fund aims to support up to 30 companies in the demonstration phase of their product or technology.

The Polestar Capital Circular Debt Fund finances BioBTX, a pioneering developer of renewable aromatics technology in the Netherlands

The Polestar Capital Circular Debt Fund announces its €15 million debt financing of BioBTX, a pioneering developer of renewable aromatics technology in the Netherlands. In total, BioBTX has secured over €80 million to launch the world's first commercial-scale renewable chemicals plant, utilising BioBTX's innovative technology to produce sustainable aromatics (BTX) from plastic waste and biomass.

Societe Generale takes a participation in Polestar Capital Circular Debt Fund to accelerate its support to the circular economy

Hilversum 29 June 2023 - Polestar Capital announces the acquisition of a stake by Societe Generale Amsterdam in Polestar Capital Circular Debt Fund, the sole private debt fund in Europe dedicated to the circular economy. This participation and related commercial partnership will support innovation and help scale up circular economy projects and solutions.

The Polestar Capital Circular Debt Fund welcomes Invest-NL, Onderlinge s‘Gravenhage, De Hoop and the province of Limburg as investors

PCDF grows to EUR 187 mln with the participation of four new investors. The Dutch state impact investor Invest-NL and the insurers Onderlinge s‘Gravenhage and De Hoop have already invested, the Province of Limburg has made its investment decision but is still in the process of formalizing its participation.

The circular transition calls for patient private capital

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