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Blue Planet raises USD 25 Mn from Nomura

Mar 25, 2020 by The Passage Team
Blue Planet raises USD 25 Mn from Nomura

Singapore-headquartered Blue Planet Environmental Solutions Pte Ltd (Blue Planet) today announced it has raised US$25 million from Nomura, Asia’s global investment bank.

This strategic engagement by Nomura’s Loans and Principal Investments Area in Asia ex-Japan 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, up cycling, recycling or energy recovery. This will help Asia’s rapidly developing countries to achieve long-term sustainable growth.”

According to the United Nation’s assessment, Asia is falling behind on three key Sustainable Development Goals (SDGs), namely SDG 6 (clean water and sanitation), SDG 8 (decent work and economic growth), and SDG 12 (responsible consumption and production).

Blue Planet’s solutions help organizations and countries to achieve direct impact in the performance indicators of these three SDGs and beyond.

It is able to deliver on 15 out of the 17 SDGs directly or indirectly, and is a unique player in the region that engages with governments and companies to help them realize the benefits of sustainable waste management.

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).

The Passage Team

The Passage is committed to creating in-depth content over technology industry across Asia with a focus on emerging startups in the technology, healthcare, education, food, tech, travel & mobility segments.

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