As it moves forward with its plan to invest more than $500 million in US recycling projects by 2020, the Closed Loop Fund announced its latest investment last week: a $1.5 million in Lakeshore Recycling Systems. The investment allowed the recycling company to bring a material recovery facility to Chicago — the city’s first.
The fund has amassed millions of dollars from leading companies — including 3M, Coca-Cola, Colgate-Palmolive, Goldman Sachs, Johnson & Johnson Family of Consumer Companies, Keurig Green Mountain, PepsiCo and the PepsiCo Foundation, Procter & Gamble, Unilever, Walmart and the Walmart Foundation — and it invests in the form of low-interest loans to companies and zero-interest loans to cities. Just last month Dr. Pepper Snapple Group invested $5 million in the Closed Loop Fund.
