Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Brookfield
Global investment

Brookfield and Closed Loop create the largest recycling company in the U.S.

30.01.2023
2 min read

Brookfield invests in recycling

Brookfield has entered into an agreement with Closed Loop to form a joint Circular Services firm. The new company includes five Closed Loop locations and will process a variety of materials, including plastics, paper, textiles, and metal. The company’s facilities will be located in different regions of the U.S., including Texas and New York. Circular Services will become the nation’s largest recycling business, according to the parties. Brookfield’s stock price rose more than 2 percent on the news.
The company will invest $200 million in the joint project, in addition, it plans to allocate an additional $500 million, which will be used to support Circular Services to scale the business.Brookfield in recyclingAccording to Brookfield representatives, the recycling industry is extremely relevant for today’s world, especially with the ever-increasing volume of waste. In addition, the new joint company will make a significant contribution to the implementation of the climate strategy. Expanding the volume of recyclable materials and providing the infrastructure for this process will further increase the production of products made from recycled once and more environmentally friendly materials. Right now, only 20-30% of total waste in the U.S. is recycled, compared to 50% in the European Union.
It is planned that within 5 years the capacity of Circular Services will increase to 5 million tons annually, at the moment it handles a little more than 1 million tons.
Brookfield is the world’s second-largest investor in alternative energy. It recently held a funding round for its sustainability fund, which aims to support projects that accelerate the transition from fossil fuels to renewable energy sources. The fund raised $15 billion.
Last year, the U.S. government adopted a new program to prevent climate change. The authorities plan to allocate $430 billion for its implementation, which is the largest amount of money in this sector. Against this backdrop, the number of deals in the alternative energy market has grown, and they include an acquisition from Brookfield. The latter bought Scout Clean Energy, a renewable energy company, for $1 billion. In addition, Brookfield is also considering a $350 million investment in Scout, and also wants $160 million to buy Standard Solar. Scout is based in Colorado and is involved in wind energy, and it owns assets with a total capacity of 1,200 MW. The company also has solar power projects on its books. Standard Solar’s portfolio includes approximately 500 MW of renewable energy facilities.

Tags: Global investment
0
Previous Post Cryptocurrency exchange Bybit provided information about the volume of stored assets Next Post Soft market: its impact on sellers and buyers

You Might Also Like

Venture capital market
Global investment
How will the venture capital market in Russia develop
04.08.2020
semiconductor manufacturing
Global investment
China invests in local semiconductor manufacturing
01.07.2023
TSMC
Global investment
Taiwan chipmaker TSMC plans to build a new factory in Japan
15.06.2023
Wefox
Global investment
Insurtech startup Wefox received $650 million in funding
15.02.2022
gaming market
Global investment
Saudi Arabia invests US$38bn in the gaming market
17.07.2023
Bolt Financial
Global investment
Fintech company Bolt Financial made the largest deal in the market
29.07.2022

Recent Posts

  • 1Forex drawdown
    Forex drawdown and why you shouldn’t be afraid of it
    22.09.2023
  • 2investment in Turkey's steel industry
    Yıldız increases investment in the Turkish steel industry
    20.09.2023
  • 3Abu Dhabi Exchange
    The Abu Dhabi Exchange has created ideal conditions for the IPO of an Adnoc unit
    18.09.2023
  • 4mobile marketing
    How mobile marketing helps to retain existing customers and attract new ones
    16.09.2023
  • 5E-commerce company Rakuten
    Japan’s Rakuten intends to raise funds by issuing shares
    14.09.2023

Popular Posts

  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

Forex drawdown
Forex drawdown and why you shouldn’t be afraid of it
22.09.2023
investment in Turkey's steel industry
Yıldız increases investment in the Turkish steel industry
20.09.2023
Abu Dhabi Exchange
The Abu Dhabi Exchange has created ideal conditions for the IPO of an Adnoc unit
18.09.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Storage of oil in the world will soon be overflowing: excess of raw materials on the market
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics