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”).  The Schweitzer Family are also the ultimate shareholders of the Company.                                                   

The total Project cost is estimated at US$250-350 million, which will be financed by project loans, equity from Schweitzer family, equity from minority shareholders and the proposed IFC C loan – Tranche 1. The proposed Tranche 1 of up to US$60 million is a loan to the Company to partially finance the Project cost as stated above.  The proposed Tranche 2 of up to US$40 million is a potential equity or quasi-equity to the Company to support its future capital expenditure plan.                                                   

The projects to be financed by Tranche 1 are located in China.  The projects to be financed by Tranche 2 are potentially located in other developing countries in Asia.                                                   

  The key E&S issues and risks associated with this proposed investment include: company’s E&S management capacity (including screening and assessment process during project identification and definition/design and its controls on project E&S risks for both construction and operations), historical contamination, air and fugitive emissions, wastewater treatment and discharge, solid and hazardous waste management and disposal, labor and working conditions, occupational health and safety (OHS), fire protection and emergency response, community health and safety, stakeholder engagement, and land acquisition.