+++ALBA boosts the growth of Green Gas Technology vertical with strategic investment from JEC in subsidairy ALBA Green Gas Holding Limited (AGG)
+++ALBA and JEC will jointly expand the organic waste platform in China and across Asia
Hong Kong: The ALBA Group Asia (ALBA), one of the leading recycling and environmental services providers in Asia, and the Jardine Engineering Corporation Limited (JEC), a premier engineering expert and a wholly owned subsidiary of the Jardine Matheson Group, are proud to announce the strategic partnership, with the joint vision of driving the sustainability and environmental protection in Asia. The joint platform will expand more projects focusing on organic waste management in China and across Asia.
ALBA advocates for a more sustainable world. A world that is worth living in for our future generations. By operating innovative, reliable and professional projects, AGG is demonstrating the special responsibility to help Asia towards greater sustainability. Beyond the successful projects in Hainan, Henan and Hunan, the strategic partnership will make a long-term impact on the growth of the organic waste sector and support more areas to achieve their environmental goals.
“With the vision of working for a world without waste, ALBA is firmly committed to avoiding pollution and reducing carbon footprint by Green Gas Technology.” said Mr. Mingxi Zhao, CEO of ALBA Group Asia, “We are excited to enter the partnership with JEC. With their strengths in capital resources and extensive network in the Asia Pacific region, AGG will accelerate the expansion of organic waste management to drive a sustainable future for Asia.”
Mr. Noky Wong, Chief Executive of JEC, expressed, “This is an exciting strategic investment for JEC, which reflects our strong commitment to sustainability and our long-term ambition to grow JEC’s presence in the waste-to-energy sector. By combining JEC’s engineering knowhow with ALBA’s proven operational expertise, we are confident that our mutually aligned vision will accelerate AGG’s growth journey’. ”
Due to rapid economic development, urbanization and a large population, a vast market for organic waste management is emerging in Asia. “We have integrated European best practices with localized solutions for the state-of-the-art organic waste management centers in China.” said Mr. Chunlong Cheng, CEO of the joint venture – AGG, “The partnership strengthens our confidence in meeting the emerging demands and setting new standards for organic waste management in Asia. Our initiative encompasses not only the rapid development of new projects but also the expansion of our engagement along the value chain across China and Southeast Asia. ”
About ALBA Group Asia:
ALBA Group Asia has been active in the waste management and recycling industry in Asia for more than 30 years. The company is headquartered in Hong Kong, with operating facilities in China, Indonesia, and Singapore. With its vision for a world without waste, the company focuses on three business areas: Smart City Solutions, Plastics Recycling, and Green Gas Technology. ALBA Group Asia originated from the Asian activities of the German ALBA Group, which has more than 50 years of experience in Germany and Europe, but has been legally independent as a corporate group since 2019.
About The Jardine Engineering Corporation Limited (JEC):
Established in 1923, JEC is a leading provider of engineering services, sourcing and contracting expertise. It enables customers to operate their facilities at world-class standards by providing the professional expertise to design, supply and install building and specialized processes; facility operation and management; asset enhancement and energy management; and the sourcing of electrical and mechanical equipment and architectural fixtures.
JEC is headquartered in Hong Kong and operates throughout Asia. JEC is a member of the Jardine Matheson Group. For more information, please visit www.jec.com.
About ALBA Green Gas (AGG):
Established in 2013, AGG is the subsidiary of ALBA Group Asia, responsible for the Green Gas Technology Vertical. With advanced biological fermentation technologies, industry leading operational excellence, and proprietary digital systems, AGG invests, builds and operates organic waste management projects in China and across Asia.
Media Contact:
Han Huiqing (ALBA)
Deputy General Manager
ALBA China Recycling Solutions Ltd.
B8C, Gateway Plaza,
18 Xiaguangli, Beijing, China
Tel: +86 10 5643 6668
Email: Beatrice.han@albagroup.asia
Cherry Tsang (JEC)
Group Communications Manager
The Jardine Engineering Corporation Limited
5/F Tower A Manulife Financial Centre
223-231 Wai Yip Street, Kwun Tong, Kowloon
Hong Kong
Tel: +852 2807 4705
Email: cherry.wy.tsang@jec.com
