Winning a multimillion dollar contract on Sydney’s WestConnex project is helping position ResourceCo Material Solutions as a leader in material transportation, supply and disposal.
The Clean Energy Finance Corporation (CEFC) is lending $30 million to leading resource recovery company ResourceCo to deliver an innovative alternative fuel plant in NSW.
The money will be used to build two new plants that will transform selected non-recyclable waste streams into solid fuel, known as Processed Engineered Fuel (PEF). The first plant is to be built at Wetherill Park in Sydney and the second to be in another Australian state yet to be announced.
PEF is used in cement kilns, reducing the reliance on coal and other fossil fuels. This fuel will initially be used locally, but will also be exported as an alternative to coal and gas for cement kilns in Asia.
Henry Anning, CEFC Bioenergy and Energy from Waste Sector lead, said PEF demonstrated the incredible potential to transform waste, that would otherwise go into landfill, into a baseload energy source as part of Australia’s future clean energy mix, while also lowering emissions.
“Our research into the bioenergy sector has identified investment opportunities of between $2.2 billion and $3.3 billion to 2020 in the urban waste industry. Commercial viability has been driven by a combination of rising landfill gate fees and falling technology costs,” Mr Anning said.
“Waste levies in states such as NSW, the ACT, South Australia, Western Australia and Victoria, are improving the business case for this kind of alternative use of the waste, rather than it going into landfill.”
The CEFC finance will enable ResourceCo to accelerate the development of the Wetherill Park plant, and proceed with a similar facility in another Australian state in due course.
Simon Brown, ResourceCo Managing Director said: “Our business operates across both Australia and South East Asia, which places us in a prime position to drive this new initiative forward and make a real difference in the way in which these communities view and deal with waste.”
When operational, the Wetherill Park plant will process around 150,000 tonnes of waste a year to produce PEF and recover other commodities such as metal, clean timber, and inert materials.
As an indication of the plant’s environmental credentials, it has been successful in securing $5 million in grant funding from the NSW Environmental Trust under the Waste Less, Recycle More initiative. The technology is also eligible for Australian Carbon Credit Units (ACCUs) due to the diversion of waste from landfill.
Mr Anning said generating heat and electricity from bioenergy and waste resources is cost competitive with other new-built energy generation. However, the technologies are not yet widely deployed in Australia.
“Being a throw-away society is a luxury Australia must reconsider. As a nation, we’re producing about 23 million tonnes of landfill each year, causing a growing problem with potential air, water and land quality impacts and generating ongoing monitoring and remediation liabilities,” he said.
“This investment is expected to abate over 8 million tonnes of CO2e over the expected lifetime of the equipment,” Mr Anning added.
The CEFC’s finance for ResourceCo is another example of the CEFC’s focus on delivering clean energy solutions in Australian cities, as part of its Sustainable Cities Investment Program.
A new body working to create a cohesive national vision for Australia’s waste management industry, the National Waste and Recycling Industry Council (NWRIC) has officially formed, following the first meeting of its executive in Sydney on February 13.
NWRIC has received support from Australia’s largest waste management companies – and has begun operations.
The Council will be empowered to begin its work thanks to the support of its national members – Alex Fraser Group, Cleanaway, J. J. Richards and Sons, Solo Resource Recovery, Suez, Toxfree, Remondis, ResourceCo and Veolia.
“The waste and recycling industry needs a national voice to advocate for a fair, sustainable and prosperous industry for all stakeholders,” said Phil Richards, Chairman of the NWRIC’s host association Board.
“Australia’s waste management industry is an essential service, and through the NWRIC, we will be asking the Commonwealth along with State Governments to support our initiatives to take the industry forward.”
The NWRIC will serve waste management enterprises by creating industry led policy. The Council will be led by newly appointed CEO Max Spedding, and supported by Secretariat manager Alex Serpo.
The NWRIC will work in close partnership with jurisdictional affiliates. This partnership will allow the Council to represent and canvas concerns from many of Australia’s 450 small and medium sized waste management enterprises. Together, state affiliates and the national office will coordinate to create, and advocate for, cohesive national policy.
From today, the Council will commence working to create, share and build support for policy positions which will move the industry forward. Initial areas of focus include better planning, a fair market, the national harmonisation of the regulations governing the industry and effective policing of standards.
The Council welcomes media enquiries, dialogue with waste management companies seeking involvement in the NWRIC and feedback from stakeholders.