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 owns 4.3% of Camel Group and the remaining shares are public float.

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 a MCPP loan of up to US$45 million.                                                   

The Project is expected to be located in Anhui Province, Jiangxi Province and Xinjiang Uygur Autonomous Region of People’s Republic of China.                                                   

Low.                                                   

 Large scale lead-acid battery recycling plants include processes of waste acid neutralization/recycling and lead smelting/molding. Lead and other heavy metals in the wastewater need removal. The waste lead smelting and molding can generate significant lead fumes and dusts, which needs to be controlled for employee and community health. Without proper controls, these processes may cause potentially significant adverse environmental or social risks and/or impacts that are diverse, or irreversible.

The key E&S issues and risks and issues associated with this project include; i) corporate E&S management capacity to control E&S issues consistently at various sites, ii) proper design and operational controls to minimize lead fume/dust at working environment, iii) efficient occupational health/safety (OHS) controls to minimize cases with elevated blood lead levels for employees, and iv) point/fugitive emission and effluent controls to minimize lead spread to the environment and communities. This is therefore a Category A project according to IFC’s Policy on Environmental and Social Sustainability.