4 October, 2019
King & Wood Mallesons (KWM) advised ALBA Group Asia Limited, part of the ALBA Group, on its joint venture with Baguio Waste Management & Recycling Limited and Swire Coca-Cola Limited to establish a new recycling facility for plastic waste in Hong Kong*. The plant will be operated by the joint venture “New Life Plastics Ltd.”.
Upon completion, the new plant marks the first food-grade ready plastics recycling facility at this scale for processing post-consumer PET (polyethylene terephthalate or clear beverage bottles) and HDPE (high-density polyethylene or personal care bottles) plastic materials in Hong Kong.
The recycling facility is being constructed at EcoPark, an industrial site for recycling and environmental technology, and is expected to commence operations in the second half of 2020. The new recycling facility comprises three process stages, including the high-tech sorting, the production of food-grade PET flakes and the manufacture of HDPE pellets. Upon completion, the recycling facility will be able to process and recycle more than 35,000 metric tonnes of plastic materials on an annual basis.
The ALBA Group is one of the leading recycling and environmental services companies, as well as raw material providers worldwide. It has had a presence in Hong Kong since the early 1990s and has developed its Asian activities from there. Since 2011, the ALBA Group has become increasingly active in recycling consultancy and technological project management in China. The ALBA Group is currently involved through long-term projects in many parts of the recycling and circular economy sector in China, providing innovative solutions adapted to the Chinese market among other things in end-of-life vehicle and WEEE (Waste Electrical and Electronic Equipment) recycling and in the environment-friendly treatment of municipal solid waste.
The KWM Hong Kong team was led by partner Kanne Leung, with support from senior associate Owen Ow and associate Hon Ting Tsoi.
