Blue Planet Acquires Majority Stake in Mahindra Waste To Energy Solutions
20 Feb 2024
2 Min Read
CW Team
Singapore-based waste management company, Blue Planet Environmental Solutions (Blue Planet), has made a significant move by acquiring a majority stake in Mahindra Waste To Energy Solutions Ltd (MWTESL), a subsidiary of the Mahindra Group.
Specializing in converting municipal wet waste into bio-CNG through bio-methanation, MWTESL's expertise perfectly complements Blue Planet's capabilities in carbon capture and utilization technologies. This strategic acquisition aims to integrate the strengths of both companies, advancing comprehensive waste-to-energy solutions and promoting a circular economy.
"This collaboration unlocks new markets and opportunities. Together, we will penetrate new regions and deliver integrated waste management and renewable energy solutions. This partnership undoubtedly strengthens our capabilities and impact in the region," said Prashant Singh, Co-founder & CEO of Blue Planet.
Headquartered in Singapore, Blue Planet is dedicated to driving sustainability through its end-to-end waste management platform. The company applies innovative technologies throughout the waste life cycle to promote circular economy solutions.
"The collaboration fosters innovation in the waste-to-energy sector, leveraging unique technologies, research capabilities, and intellectual property from both companies," Blue Planet stated in an official statement.
With this acquisition, Blue Planet expands its reach and solidifies its position in the waste management industry, marking a significant step towards achieving sustainable waste solutions and renewable energy generation.
Singapore-based waste management company, Blue Planet Environmental Solutions (Blue Planet), has made a significant move by acquiring a majority stake in Mahindra Waste To Energy Solutions Ltd (MWTESL), a subsidiary of the Mahindra Group.
Specializing in converting municipal wet waste into bio-CNG through bio-methanation, MWTESL's expertise perfectly complements Blue Planet's capabilities in carbon capture and utilization technologies. This strategic acquisition aims to integrate the strengths of both companies, advancing comprehensive waste-to-energy solutions and promoting a circular economy.
This collaboration unlocks new markets and opportunities. Together, we will penetrate new regions and deliver integrated waste management and renewable energy solutions. This partnership undoubtedly strengthens our capabilities and impact in the region, said Prashant Singh, Co-founder & CEO of Blue Planet.
Headquartered in Singapore, Blue Planet is dedicated to driving sustainability through its end-to-end waste management platform. The company applies innovative technologies throughout the waste life cycle to promote circular economy solutions.
The collaboration fosters innovation in the waste-to-energy sector, leveraging unique technologies, research capabilities, and intellectual property from both companies, Blue Planet stated in an official statement.
With this acquisition, Blue Planet expands its reach and solidifies its position in the waste management industry, marking a significant step towards achieving sustainable waste solutions and renewable energy generation.
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