Camel Group (IFC-41128)

  • China
Geographic location where the impacts of the investment may be experienced.
Specific Location
Anhui Province, Jiangxi Province, and Xinjiang Uygur Autonomous Region
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Mar 31, 2019
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 81.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 81.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 81.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Corporate Actor Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 10, 2020

Disclosed by Bank Jan 30, 2019

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the project document, the Camel Group Co., Ltd. (“Camel Group”) is a publicly listed company that engages in the production, distribution, and recycling of auto starter batteries. The proposed IFC investment will support Camel Group’s capacity expansion for its lead-acid battery recycling operation in frontier regions of China (the “Project”).

People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

Environment: The Project will increase the volume of recycled lead and neutralization for discharge in an environmentally safe way i.e. reduce soil and water contamination. This Project will make sure additional lead are processed and neutralized before discharge to the environment.

Economy-wide effects: The Project will help to create circular economy by establishing the recycling and reusing waste in the value chain since scrap plastic and secondary lead alloys can be used for new battery production and other lead products. The circular, more integrated design of lead acid battery manufacturing and recycling offers a more cost-effective way to produce batteries and create and help to formalize employment in the recycling value chain.

Employees: The upgrading of the two existing facilities will make sure the employees therein benefit from more modern, safer equipment, and strengthened workplace control against excessive lead/acid exposure therefore reduce the occupational safety/health risks.

Sustainability: The Project is expected to foster adoption of higher E&S standards driven by better technology and processes across the different players in the value chain in China and thus promote Sustainability principles in the market through its demonstration effects.

Integration: The project will demonstrate that it is a natural fit for battery manufacturers like Camel which requires large quantity of lead and has easy access to used batteries to integrate recycling business into their value chain. The project will also contribute to expand China's economic complexity through increased process and supply chain complexities.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The total Project cost is estimated to be approximately US$116 million. IFC’s proposed investment is a senior, secured A loan of up to US$36 million and an MCPP loan of up to US$45 million.    

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Mr. Liu Guoben is the controlling shareholder and Chairman of the Board of Camel Group (the “Sponsor”). He owns 48% of Camel Group.

Mr. Liu Changlai, the CEO, and Miss. Tan Weiping, a relative of the Chairman, own 3.4% and 1.3% of Camel Group respectively.

The three of them are shareholders acting in concert. Other senior managers collectively own 4.3% of Camel Group and the remaining shares are a public float.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Camel Group Co., Ltd. Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

1/ Project Contact

Camel Group Co., Ltd 
Contact: Ye Xiaolong. 
Position: Manager 
Phone number: +86-0710-3269011 
No. 65 Hanjiang North Road, Xiangyang City

Hubei Province, People’s Republic of China 

2/ IFC Contact

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

3/ Local Access for Project Documentation

No. 65 Hanjiang North Road, Xiangyang City, Hubei Province, People’s Republic of China         


The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at

How it works

How it works