Blue Planet Raises US$25M from Nomura for Waste Management Solutions

Financing integrated, inclusive, and sustainable waste management.

Blue Planet Environmental Solutions announced today that it raised US$25M in corporate funds from Asian global investment bank Nomura’s Loans and Principal Investments Area. The company said in its statement that the investment will help Blue Planet develop waste management solutions that are integrated, socially inclusive, and sustainable.

“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 the Singapore-headquartered Blue Planet.

He continued, “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, upcycling, recycling or energy recovery.”

Blue Planet is looking to make impact on the Asia-region scale, the statement said. It pointed out that solid waste, particularly plastic and organic waste, is a major challenge for fast-paced developing countries.

“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.

It further said that Blue Planet delivers on 15 of the United Nation’s global Sustainable Development Goals. Asia has to catch up on at least three of those goals–clean water and sanitation, decent work and economic growth, and responsible consumption and production.

Chimni added that such an endeavor will help developing countries in Asia to achieve “long-term sustainable growth.” The statement said that the company’s waste generation-to-recovery model aims to create a benchmark in waste management systems.

Nomura’s investment is the latest in a line of strategic moves by Blue Planet, including acquisitions of three environmental and waste-specific solutions providers in India, two from the United Kingdom, and one in Malaysia. The company also has offices in Vietnam. Private equity fund Neev Fund is a key investor in the waste management solutions company.

Aadit Seshasayee, Head of the Loans and Principal Investments Area, Asia 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.”

Last year, the company acquired UK-based e-waste tech company Smart Creative, and India-based waste processing firm Xeon Waste Managers.

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

How Can Entrepreneurs Overcome Loneliness?

How Can Entrepreneurs Overcome Loneliness?

Starting your own business is a project that will take over most of your life. You are straying away from the typical 9-5 jobs that your friends and family may have. The sheer effort you have to make to get a business up and running will leave you feeling lonely. While it might seem almost expected to feel lonely during your startup journey, loneliness is a slippery slope to several health conditions.

8 Techniques to Get Readers Rolling Right into Your Content

8 Techniques to Get Readers Rolling Right into Your Content

We’ve all been there. We’ve spent hours crafting the perfect blog post, article or white paper, but no one is reading it. Why? It could be for a million reasons, but often it’s because we’re not doing enough to get people to come to our content. In this article, we’ll learn about the eight techniques that will help you draw in readers and get your content read!

Amazon vs Flipkart Who Will Win Festival Sale War in India

Amazon vs. Flipkart: Who Will Win the Big Festival Sale War in India?

Amazon India and Flipkart, the two biggest ecommerce giants in India, have always been in a neck-to-neck competition for supremacy in the country. There is no better occasion to showcase their strength and take advantage of people’s shopping mood than during the Indian festive season, which begins in late September featuring various festivals, like Durga Pooja, Dussehra and Diwali.

Reviewing Top AI Boyfriends on Google Play Store

Anima vs. Replika: Reviewing Top AI Boyfriends on Google Play Store

Finding your perfect match can be a long and tedious process. You can go on date after date and still have a long way to go before you find your soulmate. In the meantime, you can curb your loneliness by speaking to an artificial intelligence (AI) chatbot.There are dozens of AI chatbots on the market today that give you the experience of having someone to vent your issues to and discuss your daily lives with.

Shrinkflation

What Is “Shrinkflation” and Why Opting For It Isn’t Companies’ Only Choice

You might have noticed grocery prices are soaring, or your usual go-to pack of chips is shrinking in size—all thanks to massive inflation. As of August 2022, the U.S. consumer price index (CPI), which measures the change in consumer prices for a specific set of goods over a period, has increased by 8.3% (year-on-year). Although it has gone down slightly from 8.6% in May, the highest it has ever been since 1981, it remains high and worrying.