Eneris Alpha

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Eneris Alpha S.A. (the “Company” or “Eneris”) is a Luxemburg-based company controlling a group of Polish operating subsidiaries that are consolidating circular economy operations in Poland (www.eneris.pl). Eneris has been present in the Polish market since 2014 and is a waste management company involved in the collection, processing, recycling, recovery of raw materials and energy from waste, and finally, disposal of the residual, further untreatable materials. In 2015, the Eneris Group purchased the assets of Veolia Uslugi dla Srodowiska, a company active mainly in municipal waste collection and treatment and created Eneris Surowce, one of the largest Polish companies in sustainable growth full-cycle waste treatment. All acquired assets were already operational. Eneris operates 26 waste management plants/facilities and provides waste collection and winter/summer road maintenance services for municipalities across Poland in 14 voivodeships and over 100 municipalities in Poland, providing services to approximately 1.4 million inhabitants and over 3,000 commercial and industrial clients.  IFC plans to provide up to EUR 80 million financing to Eneris Alpha S.A. that will be used to finance greenfield circular economy projects and strategic acquisitions in the waste management sector in Poland, as well as strengthening of the Company’s capital structure. (the “Project”).  The Company’s current business is set up across three operational areas:Waste Collection: Eneris operates an integrated municipal and industrial waste collection network based on its installations and logistic facilities for over 1 million tons of waste managed per year. Eneris has a fleet of 600 modern specialized vehicles and equipment dedicated to waste collection and transportation (fleet includes garbage trucks, hydraulic truck crane (HDS), hook lifts, gantry trucks and tanker trucks, as well as box trucks) Waste Treatment and Disposal: This segment includes mechanical-biological processing (MBT) and sorting of waste collected from own and external sources and the operation of landfills for non-hazardous and inert waste. Eneris has three MBT plants with a total capacity of 370,000 tons of municipal waste and three landfills for non-hazardous and inert waste integrated with processing installations in Rusko, Kloda and Balin with a total capacity of 10 million m3. Kloda and Rusko facilities are located 1.5 – 2 km from the closest residential communities, and the Balin facility, with the nearest residential community, is located 500 meters away. Eneris also has four specialized installations:  a plant in Bydgoszcz specialising in the incineration of hazardous and medical wastealkaline batteries recycling facility in Stanowice near Gorzów Wielkopolski Bioproten, a food waste recycling facility in Brzezno approximately 1 km to the nearest residential community in BrzeznoGrablast, a plastic recycling and granulate production facility in Grabowo, approximately 2 km from the nearest residential community in Rozental. Eneris is also planning to build or acquire the sub-projects as follows: ZGOK MSW sorting plant (greenfield): the facility will be located next to the existing Balin landfill site.ECU MSW sorting plant (greenfield): the facility will be located next to the existing Rusko landfill, approximately 2 km from the nearest residential community in Jaroszów.Potential acquisition of a used lithium-ion battery recycling plant, which is operational and located in an industrial area (approximately 1 km to the nearest residential community).Biogas production plant (greenfield): the facility will be next to an existing biogas plant operated by a third-party company. HW incineration plant (greenfield): the facility will be located in an industrial area (approximately 2 km to the nearest residential community) and will have 15,000 tons of installed capacity/per year.HW Landfill (greenfield): At the time of appraisal, this project was still in the early concept stage. When constructed, the landfill will be in the same location as the HW incineration plant. A composting plant (greenfield): A wastewater sludge and bio-waste composting plant which will be located in an industrial area (approximately 200 m to the nearest residential community). Land required for sub-projects is either owned or leased or to be leased or owned by Eneris for a long-term period from public and private landowners. The main treatment process for inorganic HW at the existing Bydgoszcz plant and the future HW incineration plant includes/ will include slurring, detoxifying, pre-treatment with slaked lime and purification.  Fly and bottom ashes are/will be disposed of by a licensed third party. Biogas plant will include the physical separation of the feedstock (the main feedstock is planned to be agricultural waste) to sort out non-digestible materials and use anaerobic digestion to recover methane as liquefied natural gas (LNG) for sale. The composting plant will process sewage sludge. Aerobic bioreactors equipped with biofilters will be used to treat the sludge. Leachate will be collected in a separate tank and disposed of by a licensed third party.