Plastics Circular Investment Initiative (PCII)
The Business Matchmaking for Investment Mobilization to Accelerate the Establishment of a Sustainable Plastic Value Chain in Indonesia program reflects the Global Green Growth Institute’s (GGGI) commitment to advancing inclusive green growth that integrates economic, environmental, and social priorities.
Implemented in collaboration with the Ministry of National Development Planning (Bappenas) under the Plastics Circular Investment Initiative (PCII) and funded by the Korea Green New Deal Trust Fund (KGNDTF), the project supports Indonesia’s transition toward a circular plastic economy in line with the National Medium-Term Development Plan (RPJMN) 2025–2029, the Second NDC, the SDGs, and the Circular Economy Roadmap 2025–2045.
Scope
Program Components:
- Landscape Analysis, which identifies market gaps and investment opportunities in recycled and bioplastics sectors;
- Business Matchmaking (BM) facilitation, which connects local businesses, financial institutions, and government partners through a Call for Proposal (CfP) mechanism;
- Technical Studies, which refine project feasibility and enhanced bankability.
Call for Proposal (CfP) - Business Matchmaking
The main objective of the Call for Proposals (CfP) is to identify investment-ready projects that can drive the development of a sustainable plastic value chain in Indonesia. In addition, the CfP seeks to support potential projects—particularly those led by medium-sized players—to advance toward investment readiness through targeted technical assistance, such as technical assessments and business development support.
Through this process, the CfP aims to create a pipeline of viable, high-impact projects that can attract financing and contribute to Indonesia’s transition toward a circular and sustainable plastics economy.
The Thematic Focus Areas represent the key investment priorities identified through the Landscape Analysis (LA) under the Plastic Circular Investment Initiative (PCII). These areas are strategically selected to accelerate the development of a sustainable plastic ecosystem in Indonesia by mobilizing targeted investments in both recycled plastics and bioplastics. The focus is to strengthen the entire value chain—from upstream waste collection to downstream conversion and product manufacturing—ensuring that each segment contributes to circularity and national climate goals.
Thematic Areas
Call for Proposals Stages
Call for Proposals Stages 
| No | Stage | Criteria | Process | Requirements | |
|---|---|---|---|---|---|
Call For Proposal | Administrative Review |
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Substantial Review & Panel Evaluation |
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Final Approval & Announcement |
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Post CfP | Technical Assistance Commencement | – |
| Based upon discussion and agreement with the partner | |
Market Sounding | – |
| Based upon discussion and agreement with the partner and investor/financier |
erview Eligibility Criteria
Eligibility CriteriaOnly applicants that meet all mandatory eligibility criteria will be considered for further assessment under the evaluation process.
All submitted applications will be categorized based on the investment scale categories shown in the table below. Only proposals in the Medium and Large categories will be prioritized for assessment under the selected project/winner track, while proposals in the Small category will still be accepted and supported by being connected to appropriate technical assistance programs.
Benefits of Participating
Benefits of ParticipatingShortlisted projects may receive technical assistance according to their track to enhance investment readiness and impact.
Submission Timeline
Submission Timeline- All applications must be submitted no later than Sunday, 28th of December 2025 (by 23:59 Western Indonesia Time)
- Submission of application and all required documents must be done through Microsoft Form
- The validity period of all applications is 120 days from the submission deadline
- Any questions regarding this Call for Proposals (CfP) mechanism can be sent via email to: pcii.bm@gmail.com.
Frequently Asked Questions (FAQ) #1
What is the Business Matchmaking (BM) Program?
The Business Matchmaking Program is a GGGI and Bappenas initiative under the Plastics Circular Investment Initiative (PCII) to identify and mobilize investment into projects that strengthen Indonesia’s circular plastics and bioplastics value chains.
What are the PCII thematic focus areas?
Thematic areas are: collection & sorting systems, mechanical recycling plants, chemical recycling plants, conversion for recycled plastics, bioplastic resin production for rigid and flexible packaging, conversion machines for bioplastics, and end-of-life management of bioplastics.
Who can apply for the Call for Proposals (CfP)?
Eligible applicants are entities legally registered in Indonesia and operating in at least one of the PCII thematic focus areas. Foreign companies may apply through a local subsidiary, joint venture, or MoU with an eligible Indonesian partner. All applicants must meet the mandatory eligibility criteria.
What happens if my project is selected?
Selected projects will receive technical assistance from GGGI. This support may include activities such as pre-feasibility or feasibility studies, business model refinement, environmental & social assessments, and investor engagement support. These measures help improve project readiness and advance the investment process.
What are the mandatory eligibility criteria?
Applicants must: 1) Have valid legal registration in Indonesia, 2) Demonstrate at least 4 years of operation, 3) Operate in at least one PCII thematic focus area, 4) Present a clear and well-defined investment plan with sufficient project maturity. 5) Provide a complete set of mandatory administrative documents (Company Profile, NIB, NPWP). In addition, Medium and large companies—with annual revenues above USD 1 million and proposing investment values above USD 1 million—will be prioritized in the selection process.
Frequently Asked Questions (FAQ) #2
How should applicants submit documents?
All submissions must be submitted via the official CfP submission channel (Microsoft Form) in PDF format, clearly labeled and matching the requested requirement list for the relevant stage.
What documents must be submitted at this stage?
At the initial administrative stage, applicants must submit a concept note using the provided template, a company profile, and proof of legal registration through a valid NIB and NPWP. These four documents represent the minimum mandatory requirements to proceed to the next stage. Applicants may also include additional materials—such as partnership MoUs or other administrative certificates—which are not mandatory but may strengthen their submission.
How are proposals categorized by investment scale?
Projects are categorized into investment scales that include: a) small projects with values below USD 1 million, b) medium-scale projects valued between USD 1 million and USD 15 million, and c) large projects exceeding USD 15 million. While proposals from all categories are welcome, priority within the selected project track is given to medium and large projects due to their potential for greater investment mobilization. Small-scale projects may still be connected to alternative technical assistance programs.
When is the proposal submission deadline?
All applications must be submitted no later than 28 December 2025 at 23:59 Western Indonesia Time (WIB). Submissions received after the deadline will not be considered.
