Singapore headquartered Blue Planet Environmental Solutions Pte Ltd has acquired Rudra Environmental Solution (India) Ltd, a Pune-based company. The amount of the transaction has not been disclosed.
The combined entity will be providing a comprehensivesolution to convert waste plastic into valuable energy and material outputs.
Rudra Environmental is operating a thin-film plastic waste recovery facility in Pune.
Dr Medha Tadpatrikar, Founder and Executive Director, Rudra Environmental Solution, said, "Rudra has been at the forefront of the waste plastic-to-oil conversion process and is a pioneer in finding solutions for end of life waste plastic, especially thin plastic, which traditionally has no or low monetary value."
Blue Planet was founded in 2017. It offers a full spectrum of services for waste management, which includes collection, segregation and treatment of waste.
Prashant Singh, Founder and Chief Executive, Blue Planet Environmental Solutions, said, "Blue Planet's strategy of creating an end-to-end waste management platform is the only sustainable way of solving the ever-growing waste crisis."