Blue Planet Environmental Solutions Pte Ltd (Blue Planet), a Singapore headquartered company driving regional sustainability through technology-driven and IP based end-to-end solutions for waste management and upcycling, announced it has raised US$25 million from Nomura, Asia’s global investment bank.
The company will utilise the funds raised to continue its efforts to develop integrated, inclusive and sustainable waste management solutions around the region.
“The recent investment by Nomura will help Blue Planet expand our products and services, and provide circular economy solutions for sustainable waste management,” said Madhujeet Chimni, co-founder of Blue Planet.
“Together, we aim to deliver our vision of ‘zero waste to landfill’, which is a long-term ambition to eliminate waste from business activities, downstream consumption and waste handling processes. For us, this means developing capabilities to process all the waste produced through reusing, up cycling, recycling or energy recovery. This will help Asia’s rapidly developing countries to achieve long-term sustainable growth.”
Aadit Seshasayee, Head of the Loans and Principal Investments Area, Asia ex-Japan at Nomura said “Environmental, Social and Governance (ESG) opportunities have been a key focus area for Nomura and Blue Planet through its solutions is leading the waste management space across Asia. Blue Planet’s technologies and offerings make it a frontrunner in achieving the zero waste to landfill vision.”
Nomura’s strategic investment is the latest milestone for Blue Planet which in the past 17 months has announced a string of acquisitions including Rudra Environmental Solutions (India), Yasasu Environmental Management Services (India), Xeon Waste Managers LLP (India), Globecycle Holding Sdn Bhd (Malaysia), Virtus Concrete Solutions Ltd (UK) and Smart Creative Technologies Ltd (UK).
Bharadwaj Chivukula, co-founder of Blue Planet said, “Nomura’s investment into Blue Planet is a testament to our capabilities and we look forward to working with the team to achieve impact around the region, even as we grow a sustainable, profitable business.”
One of Blue Planet’s key offerings includes conversion of organic waste into energy and high-value compost using an anaerobic digestion technology. Other solutions include conversion of single-use plastics to fuel oil, recycled geopolymer concrete blocks made from inert waste and precious metal recovery from electronic waste using a non-hazardous chemical process.
“Together, we will re-invent the way municipalities and companies around the world deal with resource recovery and waste. We operate with a triple bottom line approach that benefits people, planet and creates prosperity,” Chivukula added.
Blue Planet has multiple offices around the world including India, Vietnam, Malaysia and the United Kingdom. The company continues to grow and find partners, investors and clients that will help contribute to decreasing the environmental footprint waste leaves behind.
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