OSK Ventures invests in Singapore waste management firm

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KUALA LUMPUR (Jan 18): OSK Ventures International Bhd (OSKVI) has invested in Singapore-based Blue Planet Environmental Solutions, which will use the funds to acquire innovative technologies.

However, the investment amount was not disclosed.

Blue Planet is a regional waste management company focusing on technology-driven end-to-end waste solutions.

In a statement today, OSKVI said the prospective technologies may include solutions to convert thin-film plastic waste into commercial-use diesel, and processing municipal grade organic waste into compost and biogas.

“We are very excited about our investment into the green technology sector. With Blue Planet’s proven technology and significant track record in delivering viable solutions in the waste management platform, we look forward to growing with them and at the same time, being able to contribute towards greater social impact especially with regards to the environment," OSKVI chief operating officer Patrick Yee said.

OSKVI shares closed 1.5 sen or 3% lower at 48.5 sen today, with 3,600 shares done, bringing it a market capitalisation of RM98.8 million.