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PETALING JAYA: Bintang Capital Partners Bhd has announced investment under its maiden fund, BCP Asia Fund I LP, into Blue Planet Environmental Solutions Pte Ltd to support the continued growth of Blue Planet’s sustainable waste management technologies and capabilities.
Bintang, the private equity arm of AHAM Asset Management Bhd, said the investment marked a significant milestone in Bintang’s commitment to supporting innovative companies that can revolutionise the waste management industry and drive positive impact on the environment.
“Given the urgency around the growing global waste problem, and as the first B Corp Certified private equity firm in South-East Asia, Bintang is thrilled to be a part of Blue Planet’s quest to transform the South-East Asian waste management industry.
“Bintang is strongly aligned to Blue Planet’s innovative, efficient and sustainable approach towards waste management, coupled with the company’s ability to successfully combine cutting-edge technologies and streamlined processes at scale,” Bintang’s founder and chief executive officer Johan Rozali-Wathooth said in a statement.
He said the remediation of legacy landfills, which can be then put to use as public spaces and rehabilitated for the planting of trees, provides opportunities to not only reverse ecological damage of the past but also create net positive environmental impact in the future.
“Blue Planet truly embodies Bintang’s aspiration to ‘Invest in Impact and Innovation’,” he added.
Blue Planet is a global waste management enterprise headquartered in Singapore.
Since its inception in 2017 by its founders Madhujeet Chimni, Bharadwaj Chivukula and Prashant Singh, the company has proven its track record in waste management solutions and addressed the pressing challenges of resource recovery.
The company has processed 3.3 million tonnes of waste and mitigated an equivalent of two million tonnes of CO2 emissions in 2022 alone.
It is estimated that Blue Planet currently removes 15,200 tonnes of waste per day from existing landfills, generates 10,000 normal cubic metres of biogas (as clean energy) per day via the processing of organic waste and has recovered more than 800 acres of land (legacy landfills) for public use.
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