ALBA Asia (IFC-43573)

  • China
Geographic location where the impacts of the investment may be experienced.
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."
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Construction
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity, Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 60.00 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)
$ 60.00 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)
$ 350.00 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.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 16, 2020

Disclosed by Bank May 29, 2020

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 bank document, "IFC plans to invest up to US$100 million, including

1) up to US$[60] million C loan (“Tranche 1”), and

2) a potential up to US$[40] million quasi-equity or equity (“Tranche 2”) to ALBA Group Asia Ltd.

Tranche 1 is to support the company’s development and management of a pipeline of hazardous waste (“HW”) treatment and biowaste (“BW”) treatment projects in China (the “Project”).

ALBA Asia currently operates two plants in China, HW Jiangsu plant for inorganic hazardous waste (HW) recycling (acquired in December 2018) and BW Hainan plant for biowaste (BW) treatment (acquired in July 2019)."



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

The total Project cost is estimated at US$250-350 million.

The proposed Tranche 1 of up to US$60 million is a loan to the Company.

The proposed Tranche 2 of up to US$40 million is potential equity or quasi-equity to the Company.  

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.

ALBA Group Asia Ltd is a regional platform established by the shareholders of ALBA Group (ALBA Group also the “Sponsor”, or “ALBA”), a privately-owned global leading waste management and recycling group originated in Germany, to invest several selected high-potential waste management segments in China. 

Founded in 1968 and headquartered in Berlin, ALBA Group is a family-owned company operating more than 250 waste management and recycling facilities in Germany (mostly), Europe and Asia. ALBA Group is owned by the family of Dr. Axel and Dr. Eric Schweitzer (the “Schweitzer Family”).   

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Alba Group Parent Company -
- - - - ALBA Group Asia 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/ The Project Contact

ALBA Group Asia Ltd.
Contact: Guo Yi
Title: Financing Director
Phone number: +852 3524 5728
Address: Unit 3604, 36/F, AIA Tower, 183 Electric Road

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

 ALBA Asia will disclose this document in Chinese at its website (

For inquiries or concerns about the environmental and social impacts of this project please contact:

Contact Person:  ZHAO Mingxi

Company Name: ALBA Group Asia Limited

Address:    1401 Air China Century Plaza, 40 Xiaoyun Road, Chaoyang District, Beijing, P.R. China, 100027

Phone:   +86 10 5643 6666  


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