BINGO Industries has unveiled its upgraded resource recovery centre in West Melbourne, including a new plant, weighbridge, safety and structural improvements.
The upgraded recycling centre is set to become an important asset within Victoria’s network of recycling infrastructure with BINGO targeting a resource recovery rate of over 75 per cent.
BINGO entered the Victorian market in 2017 through several strategic acquisitions. In the last 12 months, the company has invested in excess of $50 million in acquisitions and committed an additional $50 million for upgrades of local waste management businesses and poorly managed post-collections assets.
BINGO has invested over AUD$20 million in the redevelopment of the West Melbourne site. Upgrades to the facility also include upgrades to the electrical and fire protection systems, including thermal cameras.
BINGO Managing Director and CEO Daniel Tartak said that despite being a relatively new entrant into the market, the company is confident that it has the ability and know-how to be stewards for change and lead the Victorian recycling market to achieve enhanced sustainability outcomes.
“The upgraded facility is a great example of what BINGO is able to achieve in transforming previously poorly-managed post collections assets. Large-scale infrastructure projects like this one will help reduce Victoria’s dependence on landfills, create new jobs and drive further investment in recycling facilities,” Mr Tartak said.
Victoria’s population and economic growth is fuelling increases in waste volumes. The state is expected to be producing 21 million tonnes of waste per year by 2044, with metropolitan Melbourne accounting for 80 per cent of the state’s waste generation.
BINGO now operates five recycling facilities in Victoria, located at Braeside, Dandenong, Campbellfield, Clayton South and West Melbourne, as well as the TORO Waste Equipment manufacturing facility at Braeside.
BINGO’s Victorian footprint continues to grow, with the company now operating a fleet of 100 trucks and employing over 130 staff. A significant pipeline of both building and demolition and commercial and industrial revenue has been identified in Victoria, and this market remains a key area of focus for BINGO in realising its vision for a waste-free Australia.