Singapore waste management firm Blue Planet raises $25m from Nomura

Photo by Brian Yurasits on unsplash

Singapore-headquartered waste management firm Blue Planet Environmental Solutions has raised $25 million from the Japanese financial group Nomura, according to an announcement.

The investment is through Nomura’s Loans and Principal Investments Area in Asia (ex-Japan), per the statement.

The proceeds will help Blue Planet further develop its technology-driven waste management solutions.

The company, which has offices in India, Vietnam, Malaysia and the UK, received an investment from Neev Fund, jointly set up by the State Bank of India and the UK Government’s Department for International Development, in 2018.

One of Blue Planet’s key offerings includes the 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.

According to the firm, Asia is predicted to account for half of the world’s middle-class consumption by the end of 2030, while solid waste, in particular plastic and organic waste, is becoming a key challenge for the rapidly developing nations in the region.

“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,” said Madhujeet Chimni, co-founder of Blue Planet.

“For us, this means developing capabilities to process all the waste produced through reusing, upcycling, recycling or energy recovery.”

In addition, Blue Planet also aims to help organisations and governments in Asian countries in improving their key Sustainable Development Goals, through measuring the success of waste management projects and technologies by combining positive financial output with environmental protection and social inclusion.

“Environmental, Social and Governance (ESG) opportunities have been a key focus area for Nomura,” commented Aadit Seshasayee, head of the Loans and Principal Investments Area, Asia ex-Japan at Nomura.

The Singapore-headquartered company has also made a string of acquisitions including Rudra Environmental Solutions, Yasasu Environmental Management Services and Xeon Waste Managers in India, Globecycle Holding Sdn Bhd in Malaysia, and Virtus Concrete Solutions and Smart Creative Technologies in the UK.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.