Bintang Capital Partners Berhad has unveiled its inaugural investment from the BCP Asia Fund I L.P., channeling support into Blue Planet Environmental Solutions Pte Ltd. The investment stands as a momentous stride in Bintang’s dedication to fostering pioneering enterprises capable of revolutionizing waste management while fostering a positive environmental impact.
Global waste management entity, Blue Planet, headquartered in Singapore, has set the stage for sustainable waste management solutions across India, Malaysia, Singapore, and the United Kingdom. Powered by proprietary technologies, the company’s offerings encompass diverse solutions ranging from waste collection, sorting, and reclamation of raw materials to waste-to-energy initiatives, recycling, and the upcycling of waste into higher-value products.
Since its inception in 2017, Blue Planet, co-founded by Mr. Madhujeet Chimni, Mr. Bharadwaj Chivukula, and Mr. Prashant Singh, has demonstrated its prowess in waste management, addressing resource recovery challenges. The company has processed an impressive 3.3 million metric tonnes of waste, mitigating 2 million metric tonnes of CO2 emissions solely in 2022. Notably, Blue Planet extracts 15,200 metric tonnes of waste per day from landfills, generates 10,000 normal cubic meters of biogas daily through organic waste processing, and has reclaimed over 800 acres of land for public use from legacy landfills.
The infusion of investment will empower Blue Planet to expand its operational teams and repertoire of waste management technologies. This expansion will enable the company to tackle a broader range of waste types across existing and emerging markets. Bintang’s investment aligns with its conviction that substantial, sustainable waste management solutions are urgently needed to address the mounting volumes of hazardous waste globally. The investment serves as a step towards resolving Malaysia’s critical waste challenges, as the country produced an estimated 38,000 metric tonnes of waste per day in 2021.
Mr. Madhujeet Chimni, Blue Planet’s founder, expressed excitement about the partnership, stating, “This collaboration with Bintang will propel Blue Planet’s growth, extending our reach to new waste types and markets. With Bintang’s support, we are even more determined to realize our vision of a zero waste-to-landfill future.”
Johan Rozali-Wathooth, Founder and CEO of Bintang, expressed gratitude for the opportunity to partake in Blue Planet’s journey, underscoring the alignment between Bintang’s “Invest in Impact and Innovation” ethos and Blue Planet’s forward-thinking waste management approach. The rejuvenation of legacy landfills into public spaces, combined with Blue Planet’s technological prowess, exemplifies Bintang’s commitment to fostering net-positive environmental impact.
Bintang’s involvement reaffirms its standing as the first B Corp Certified private equity firm in Southeast Asia, dedicated to investing in impactful, innovative endeavors. Through this partnership, Bintang and Blue Planet strive to reshape the Southeast Asian waste management landscape for a more sustainable future.
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