+++ JEC accelerates growth with strategic capital investment into ALBA Green Gas (AGG), a subsidiary of ALBA Group Asia engaged in the organic waste sector
+++ JEC and ALBA will jointly expand the organic waste platform in China and across Asia
Hong Kong: The Jardine Engineering Corporation Limited (JEC), a premier engineering expert and a wholly owned subsidiary of the Jardine Matheson Group, and the ALBA Group Asia (ALBA), one of the leading recycling and environmental services providers in Asia, are proud to announce a strategic investment by JEC in ALBA Green Gas Holding Limited (AGG).
JEC’s investment marks a transformative step in expanding its footprint in the environmental engineering sector, and enhancing our capability in partnering with a leading waste-to-energy operator. It will also accelerate AGG’s ability to acquire and develop organic waste projects in China and across Asia.
Sustainability is embedded in JEC’s core values and serves as a driving force behind its business strategy. JEC continues to deliver impactful solutions across Asia, with this commitment reflected in tangible initiatives such as food waste-to-energy solutions, design and build of green infrastructures, and digital innovations. These efforts are aimed at advancing smart city development and fostering sustainable communities beyond Hong Kong.
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 know-how with ALBA’s proven operational expertise, we are confident that our mutually aligned vision will accelerate AGG’s growth journey.”
“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.” says 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.”
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.” says 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 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 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. For more information, please visit www.alba.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:
Cherry Tsang
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
Han Huiqing
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