PT ALBA Tridi Plastics Recycling Indonesia received Executive Director of Asian Development Bank for Indonesia together with the Indonesian Ministry of Finance showing positive support for green investment and green environmental initiatives

+++ The US$60 million investment by PT ALBA Tridi Plastics Recycling Indonesia in a state-of-the-art flagship rPET facility is in line with the government’s agenda to equalize investment and support green investment.

+++ The production facility will be the first and only food grade rPET producer in Central Java and will have a significant impact on the regional economy while supporting local micro, small, and medium enterprises.

+++ The joint venture between majority shareholder ALBA Group Asia and partner Dian Kurniawati greatly contributes towards Indonesia’s low carbon activities.

Kendal Industrial Park, Central Java, Indonesia [3 July 2024] – The Asian Development Bank (ADB) accompanied by representatives of the Indonesian Ministry of Finance today (03/07) visited the new rPET recycling factory facility belonging to PT ALBA Tridi Plastics Recycling Indonesia (ATPRI) in Kendal, Central Java. This visit to the facility, which was built on 2.6 hectares of land, shows positive support for efforts to realize the target of reducing plastic pollution and advancing a circular economy as well as supporting Indonesia’s commitment to achieve net zero carbon by 2060.

Yi Guo, Director of ALBA Group Asia, and Dian Kurniawati, Director of PT ALBA Tridi Plastics Recycling Indonesia, were proud to lead the visit of the future facility capable of sustainably recycling up to 48,000 tons of waste PET bottles annually. Made Arya Wijaya, ADB Executive Director for Indonesia, Renadi Budiman, ADB Deputy Country Director for Indonesia, and the representatives of the Ministry of Finance were pleased to witness the progress.

This circular economy factory investment is in line with the government’s agenda in the field of equitable distribution of investment as well as concrete evidence of support for the vision of a Golden Indonesia 2045. Green investments in Indonesia have increased in recent years and contribute to the achievement of a Golden Indonesia 2045. According to reports from Bain & Company, one of the world’s leading management and business consultancies, green investment flows to Indonesia in 2023 were projected to reach US$1.6 billion, up 28% compared to the previous year. [1]

In the recent years, Indonesia has made significant progress in the field of plastic recycling but increased investment and supportive policies are still needed. Further cooperation can encourage the development of the circular economy in Indonesia with the comprehensive support of the government  for industry players towards the simplification of licensing processes, legal certainty, and attractive financial and fiscal incentives.

The US$60 million flagship investment by PT ALBA Tridi Plastics Recycling Indonesia emphasizes the company’s commitment to advancing the circular economy of Indonesia and ALBA Group Asia’s vision of a world without waste. By adopting a partnership model that focuses on micro, small and medium enterprises, the company aims at increasing collection rate in Indonesia, fostering environmental awareness, and promoting community involvement that will have a long-lasting impact. Sustainable business models contribute to long-term economic growth, including the creation of local employment opportunities and the stimulation of the regional economy in Kendal and in the region of Central Java.

Renadi Budiman, ADB Deputy Country Director for Indonesia, commented, “ADB has always emphasized that real progress in the fight against climate change requires concrete actions in addition to policy discussions with various stakeholders. This investment can be a concrete step and in June 2023 ADB and Leading Asia’s Private Infrastructure Fund (LEAP) provided a certified blue loan to ALBA Tridi Plastics Recycling Indonesia  where this loan complies with ADB’s Ocean Finance Framework and investment criteria set based on the Action Plan for Healthy Oceans and Sustainable Blue Economies.”

“Company efforts to support the recycling process and waste management are very important to encourage sustainable economic growth in Indonesia. This investment provides a benchmark that can be emulated by the rest of the business world and makes a significant contribution to the goal of reducing carbon emissions and increasing environmental sustainability”, added Renadi.

Yi Guo, Director of ALBA Group Asia, commented “We are very proud to bring our expertise and commitment to help the country reduce the impact of plastic waste. We believe that the socio-economic impact will be beneficial for the local community. With the technological know-how, operational excellence, global sales and marketing capabilities of ALBA Group Asia, we are confident that this new circular economy rPET facility will provide long-term positive impact in environmental sustainability in Indonesia including the creation of new green jobs.”

Dian Kurniawati, Director of PT ALBA Tridi Plastics Recycling Indonesia,  added, “We need to work together to find the best solution to the plastic pollution problem in Indonesia. Investing in these new facilities is our way of paving the way for realizing the vision of a Golden Indonesia 2045, by improving the environment and local communities. We hope this can have a significant impact on a national scale.”

About ALBA Group Asia

ALBA Group Asia has been active in the waste management and recycling industry in Asia for more than 20 years. The company has its headquarters in Hong Kong. Additional operating facilities are located in China, Indonesia, and Singapore. With its vision for a world without waste, the company focuses on four business areas: Smart City Solutions, Plastics Recycling, Green Gas & Green Fuel Technology and Hazardous Waste Recycling & Management. ALBA Group Asia originated from the Asian activities of the German ALBA Group with more than 50 years of experience in Germany and Europe, but has been legally an independent corporate group since 2019. For more information, please visit www.alba.com.

About PT ALBA Tridi Plastics Recycling Indonesia

PT ALBA Tridi Plastics Recycling Indonesia’s brand-new facility is built in an area of 2.6ha in Kendal Industrial Park, Central Java. It will house state-of-the-art equipment capable of processing 48,000 tons of PET beverage bottles annually. The advanced technology comes from leading equipment manufacturers in Asia and Europe and can produce approximately 36,000 tons of recycled PET flakes and food-grade recycled PET pellets. These high-quality materials can be utilized for the manufacturing of new PET bottles ready for consumption again, both within Indonesia and for export purposes.

About ADB

The Asian Development Bank (ADB) is committed to realizing a prosperous, inclusive, resilient and sustainable Asia and Pacific, while continuing efforts to eradicate poverty. ADB assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development. Founded in 1966, ADB is owned by 68 countries— 49 from the Asia Pacific region.

Free use of the group picture is authorised, provided the source ALBA Group Asia is acknowledged.

At the group picture you see from the left:

ADB, Senior Communications Officer for Indonesia, Andri Suryo
ALBA Group Asia, Chief Finance Officer, Yi Guo
ADB, Deputy Country Director for Indonesia, Renadi Budiman
ALBA Group Asia, Chief Technical Officer, Vincent Cheng
ADB, Executive Director, Made Arya Wijaya
PT ALBA Tridi Plastics Recycling Indonesia, Director, Dian Kurniawati
MoF Technical Staff, Bramantyo Saputro
ADB, Director Advisor, Mohammed Jabid
ADB, Program Consultant, Elizabeth Hutauruk
MoF Technical Staff, Purwaka Hari Setyawan
ALBA Group Asia, Project Finance Manager, Charlie Chan

Media contact:

Dian Kurniawati
PT ALBA Tridi Plastics Recycling Indonesia
Email: dian.kurniawati@alba-tridi.com
Mobile: +62 811 180 1484