Chocolate maker Mondelēz invests in Circulate Capital Ocean Fund

Chocolate maker Mondelēz International has made a "significant" investment in the Circulate Capital Ocean Fund (CCOF), which works towards finding business solutions for collection of plastic waste, especially multi-layered packaging film. Circulate's fund is focused on resolving the plastic crisis in Asia. The fund provides financing to waste management, recycling, and circular economy startups and small- and medium-sized enterprises across India, Indonesia, Thailand, Vietnam and the Philippines.