Sims Metal Management to open Australian waste-to-energy plant

Sims Metal Management will expand into the waste-to-energy market, with plans to install and operate seven plants over the next 10 years, according to an ASX report.

The metals and recycling company will leverage expertise and best practices from joint venture partner LMS Energy, a leading landfill energy company in Australia, and later expand that business model into other parts of the world.

Sims Metal Management Group CEO Alistair Field told investors the company is strongly positioned to become a global leader in the circular economy and act as responsible stewards for the environment.

Mr Field said the company plans to acquire or build a minimum of 50 Megawatts of sites within the next six years.

To generate electricity the company will capture the energy available in non-metallic residue produced during the metal shredding process.

Mr Field addressed opportunities for growth within the company’s existing metals and e-recycling businesses, as well as plans to establish new businesses to reduce waste and produce renewable energy.

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ACOR call for $150M into regional recycling

The Australian Council of Recycling (ACOR) is urging the federal government to grow regional Australia’s recycling industry with a one-off investment of $150 million.

The investment would go towards better sorting, increased reprocessing, community education and government procurement of recycled content product.

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ACOR Chief Executive Officer Peter Shmigel said recycling has a good base in regional Australia, which can be grown for more jobs and economic value in country areas.

“It’s one of the readily accessible ways to diversify regional economies and make them more resilient against droughts and global market forces,” he said.

“Our industry already has a good place in the bush including lube oil recycling, battery recycling, tyre recycling, industrial plastics recycling and consumer packaging recycling in country areas.”

Mr Shmigel said an independent report from MRA Consulting showed investment in local recycling could lead to the creation of 500 jobs and reduce greenhouse gas emissions.

“We can use waste plastics and glass that can’t go back into bottles as part of asphalt in government-funded road projects,” Mr Shmigel said.

“Roads are the biggest asset in country areas and they can be recycled content rather than virgin materials at competitive cost and quality – if governments positively procure for that,” he said.

Mr Shmigel said using recycled content materials in the Snowy 2.0 scheme alone would massively contribute to more jobs and deliver on the community’s recycling expectations.

ACOR members with operations in regional areas include Southern Oil Refinery, Kurrajong Recycling, Re-Group, Visy, Envirostream, Tomra, SIMS Metal Management, ResourceCo, O-I and Downer Group.