Singapore's waste management firm, Blue Planet Environmental Solutions, has secured $35 million in funding through a round led by The Investment Fund for Developing Countries (IFU). The investment will be directed towards enhancing the company's sustainable waste management platform, with specific emphasis on landfill bio-mining and e-waste recycling initiatives in India.

The company's objective involves repurposing land and resources from waste sites, reintegrating materials into the supply chain, and minimizing the reliance on new resources to reduce greenhouse gas emissions. Blue Planet also intends to establish one of India's largest e-waste recycling facilities, utilizing a unique process to recover valuable materials from electronic waste components.

Founded in June 2017, Blue Planet Environmental Solutions has already reclaimed over 500 acres of land from landfills and processed more than 12 million tons of legacy waste. According to Thomas Hougaard, Senior Vice President at IFU, India generates approximately 62 million tonnes of waste annually, with only 12 million tonnes being treated before disposal. With waste volumes projected to more than double by 2030, investments in innovative technologies and operations are imperative to tackle this escalating challenge.