Queensland Recycling Technologies (QRT) is set to transform the waste recycling and recovery sector within the state.
QRT, a joint venture between Alceon Qld and Brisbane Recycling Consortium (BRC), has purchased the recycling arm of a private company based in Eagle Farm with a view to create a state-of-the-art processing plant on Brisbane CBD’s doorstep.
The Eagle Farm business has been family-owned and run since 1996, primarily focusing on construction and demolition (C&D) waste, with operations across quarrying, earthmoving, civil works, plant and equipment hire and trading, logistics and mobile crushing throughout Queensland.
The sale involves the recycling components of the business and three additional properties, including a 12-hectare commercial waste recycling transfer station at Pinkenba, in inner north Brisbane, and a river sand quarry of more than 25 hectares at Waterford in the outer south of Brisbane.
The business has been rebranded to RINO and will be led by turnaround specialist Daniel Blaser as General Manager. Richard Jacobitz is Chief Financial Officer.
“The introduction of the Queensland landfill levy, improved recycling processing technologies and a genuine need for sustainable options in this industry has already increased competitiveness of recycling for waste disposal,” said BRC’s Ed Bull.
“Queensland has very low recycling recovery rates compared to the southern states which have had landfill levies in place for much longer and as a result have much more mature recycling industries. There is much room for improvement, development and smart management and investment.
“With a 25-year and almost $65 billion pipeline of infrastructure development planned for Brisbane including major works such as Queens Wharf, Cross River Rail, Brisbane Metro, Brisbane Live and more, the demand for considered, cost effective C&D waste is only set to rise.”
Alceon Qld’s Todd Pepper said a significant capital investment would turn the business into a market leader in the recovery of waste that would have otherwise ended up in landfill.
“Our planned investment in people, plant, and technology will future-proof the business well into this century,” he said.
“QRT intends to invest significant capital into increasing the recovery rate of the business, improving the quality of recovered products for re-sale, and reducing the amount of waste sent to landfill.
“The recycling and resource recovery industry is starting to be recognised as key ‘infrastructure’ and will be pivotal in growing the circular economy of the future.”
Following the 2009 National Waste Policy agreement between all Australian environment ministers, state governments have been implementing various strategies to increase waste remediation and recycling.
The Queensland waste levy, which applies to 38 of the state’s 77 local government areas, underpins the Queensland Waste Strategy, seeking to reduce waste disposed through landfill from 55 per cent to 10 per cent by 2050, with 75 per cent recycling rates across all waste types.
The Queensland government has committed to re-investing more than 70 per cent of the levy in waste and recycling initiatives.
For more information visit: rinorecycling.com.au