Singapore and India – 25 March 2020 – Singapore headquartered Blue Planet has raised US$25 million from Nomura, Asia’s global investment bank.
This strategic engagement by Nomura will help Blue Planet continue its efforts to develop integrated, inclusive and sustainable waste management solutions around the region.
By the end of 2030, Asia is predicted to account for half of the world’s middle-class consumption.
Waste generation rates are set to soar along with this increase in demand for resources.
Solid waste, in particular plastic and organic waste, is becoming a key challenge for the rapidly developing nations in the region as they seek to fulfill their commitments to climate change and to reduce marine pollution.
Blue Planet was founded with the vision to help avert this crisis by providing solutions that move beyond the traditional fragmented waste disposal paradigm of Asia where collection, processing, and disposal are disconnected and inefficient.
By securing exclusive access to the entire waste management process, from generation to recovery, the company seeks to introduce a new standard of waste management that has social inclusion, resource efficiency, and sustainability at its heart.
“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, upcycling, recycling or energy recovery. This will help Asia’s rapidly developing countries to achieve long-term sustainable growth.”