Blue Planet Environmental Solutions is a major sustainable waste management company with operations in India, South-East Asia and UK.
Blue Planet is a leader in landfill bio-mining which is the reclamation of legacy landfills and re-purposing the recovered material into useful resources. The company is driving regional sustainability through technology-driven and IP-based end to end solutions for waste management and upcycling. The goal is to apply these technologies across various stages of the waste life cycle to be able to close the loop, provide circular economy solutions and achieve the vision of zero waste to landfill.
Blue Planet has successfully reclaimed over 500 acres from legacy landfills and processed more than 12 million tons of legacy waste, displacing the need for new materials and thus reducing carbon footprint.
“This partnership underscores our shared vision for a sustainable and ESG-aware platform, addressing one of the most pressing challenges of our time. Our commitment extends beyond financial investment; it’s about creating a just, inclusive, and sustainable future and transforming the landscape of waste management.”
Jonas Lau Kristensen, Investment Director at IFU.
Large e-waste recycling centres
As waste volumes are expected to more than double by 2030, there is a significant need for investments in innovative technologies and operations within the waste sector.
The financing from the SDG Fund will further boost Blue Planet’s capabilities in two key areas in India – landfill reclamation and e-waste recycling. The company plans to operate one of the largest e-waste recycling centres in India, recovering high value material from electronic waste components that are traditionally lost due to inefficient, inherently toxic and outdated treatment methods.
“We’re thrilled to have IFU as a partner in this transformative journey. IFU’s investment will drive substantial impact in our pursuit of a sustainable and comprehensive waste management platform. This will fortify our efforts in the two key areas of landfill bio-mining and e-waste recycling in India. These initiatives will not only reclaim land and resources but also bring resources back into the Supply Chain and reduce dependence on use of virgin resources. In addition, it will have significant positive environmental impact by reducing significant amount of GHG emissions and resource biodiversity.”
Madhujeet Chimni, Blue Planet’s Founder and Chairman.
Facts:
Investment year: 2023
SDG Fund investment: DKK 264m
Expected total investment: DKK 358m