30 September 2019

KWM advises on ALBA’s joint venture to establish Hong Kong’s first recycling facility for processing plastic waste

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.

*Any reference to “Hong Kong” or “Hong Kong SAR” shall be construed as a reference to “Hong Kong Special Administrative Region of the People’s Republic of China”.

Media contact

Share on LinkedIn Share on Facebook Share on Twitter
    You might also be interested in

    We are delighted to have retained our leading position as “Best Law Firm in Hong Kong” by FinanceAsia for the second consecutive year.

    09 June 2020

    We advised the sole sponsor on the HK$125 million Hong Kong IPO of Edensoft Holdings Limited.

    12 May 2020

    We received Regional Law Firm of the Year and four prestigious recognitions in IFLR Asia Awards 2020.

    07 May 2020

    We advised LOGOs on the establishment of a US$800 million logistics development venture in China.

    23 April 2020

    This site uses cookies to enhance your experience and to help us improve the site. Please see our Privacy Policy for further information. If you continue without changing your settings, we will assume that you are happy to receive these cookies. You can change your cookie settings at any time.

    For more information on which cookies we use then please refer to our Cookie Policy.