Yokogawa Electric Corporation (TOKYO: 6841) announces that it has made a US$10 million Series B investment in Ideation3X Pte. Ltd. (i3X), a Singapore-based venture company that is targeting the rapidly expanding integrated solid waste management (ISWM) sector in India with a process that adopts a circular economy approach.
The two companies have also signed a business collaboration agreement. With this investment in the high-growth ISWM field, Yokogawa aims to develop its business in the Indian market.
This initiative is attracting a lot of attention due to the immense social impact that it can have and its importance in countering global warming. As it is rolled out, it is expected to generate demand not only for conventional waste disposal facilities, but also plants that produce alternative fuels from waste and small-scale thermal power plants that generate electricity from these alternative fuels.
For more information, visit www.yokogawa.com.