PROJECT

Projects

Summary of Investment Information

Project Number

33670

Company Name

MTI ENVIRONMENT GROUP LTD

Date SPI Disclosed

Jun 11, 2014

Country

China

Region

East Asia and the Pacific

Projected Board Date

Jul 12, 2014

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - INF Asia & Pac

Industry

Infrastructure

Previous Events

Approved : Dec 1, 2014
Signed : Apr 7, 2015
Invested : Aug 28, 2015

Sector

Water and Wastewater Utilities

Project Description

IFC is proposing an US$4 million investment in Series A preferred shares in MTI Environment Group Ltd (“the Company” or “MTI”), a Cayman Island-based company, which is a holding company for a group of US and Chinese operating companies.

MTI is a leading wastewater treatment, sludge treatment and odor control design and Engineering, Procurement and Construction (EPC) company in China. MTI has been in the wastewater treatment sector for more than 10 years with a solid record of quality projects and, after acquiring BacTee, an experienced US sludge treatment and odor control company, and is moving towards being a full-service sludge and odor technical solution provider. China’s wastewater treatment (“WWT”) market continues to grow strongly as China develops and urbanizes, and sludge volume has increased alongside WWT capacity. As landfill space has filled up and regulatory policy has changed to favor treating sludge as a resource, sludge treatment market is going to take off and witness accelerated growth.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation