ResourceCo has appointed leading expert Henry Anning to its newly created energy arm to spearhead renewable energy solutions.
As more Australian businesses seek genuine alternative energy solutions, international alternative fuels leader ResourceCo has moved to provide further industry support.
Earlier this year, clean energy expert Henry Anning took on the newly created role of Chief Executive Officer of ResourceCo’s “specialised” energy arm.
Henry previously led the Clean Energy Finance Corporation’s (CEFC) bioenergy platform and oversaw the investment of more than $400 million in energy projects – worth a billion dollars in the sector. This included supporting ResourceCo’s vision to roll out and build new Processed Engineered Fuel (PEF) manufacturing plants Australia-wide, including its latest plant at Wetherill Park in Sydney.
He was also an Associate Director at Low Carbon Australia, where he focused on bioenergy sector finance and industry engagement.
Henry says it’s an exciting time to be joining ResourceCo, as the company’s waste-derived fuel provides a unique solution for the manufacturing sector.
“Businesses are needing low-cost, long-term renewable energy solutions fast as soaring gas and electricity prices are really hurting them. For many, gas prices have increased four-fold over the last five years,” he says.
Henry explains that there are a lot of manufacturers who are using natural gas, in particular, for heat, such as hot water, steam or hot air. He says manufacturers have expressed their frustration about the uncertainty surrounding gas prices, market volatility and short-term energy fixes.
“Manufacturers and other high energy users are wanting certainty on lower energy prices and ResourceCo is uniquely placed to provide a lower cost, renewable, long-term energy solution.”
In response to these market demands, ResourceCo is expanding its suite of 24 plants across Australia and South-East Asia by developing new energy plants with biomass boilers to use PEF. The product is manufactured mainly from timber waste materials but also includes cardboard, paper, textiles and plastics.
At its own cost, ResourceCo can install a waste-derived fuel biomass boiler between five to 40 megawatts, effectively combusting waste timber from construction, demolition, commercial and industrial sites. Henry says that this provides customers with over a 90 per cent renewable heat source as an alternative to gas and significantly reduces energy costs.
“We are targeting businesses who are using between 100 thousand gigajoules or a petajoule of natural gas. By setting up the infrastructure of the energy plant, owning and operating it for the customer, we’re taking away any responsibility for capital costs while demonstrating responsible environmental management.”
Subject to the approval process and depending on the scale of the new plant, ResourceCo estimates construction will take up to 18 months.
“It’s about us being a long-term energy partner, providing a fixed cost solution and allowing the manufacturer to focus on their core business,” Henry says.
“These businesses have invested hundreds of millions of dollars into their own facilities and need certainty about their energy costs as well as assurance they’re receiving a quality product.”
Henry says while there are other biomass feedstocks on the market, ResourceCo’s waste derived fuel is a fantastic environmental and business solution that is cost effective, simple and reliable.
ResourceCo’s proven track record as a leading provider of alternative waste fuels is demonstrated by its long-term partnerships with major companies such as Boral, Adelaide Brighton Cement, Suez and Cleanaway.
“We’ve been providing PEF to major industrial customers for more than 10 years and strong business-to-business relationships are critical and a top priority,” Henry says.
“We know where our PEF is going, that it’s being used properly, and has the full backing by the environmental regulators in each jurisdiction, both locally and overseas.”
ResourceCo only takes construction demolition and commercial industrial waste and deals directly with the customer.
Its business model is to ensure a strong chain of custody, environmental compliance and investment in local communities.
The company recycles more than 95 per cent of incoming materials while processing over two million tonnes of materials annually. Its alternative fuel complies with the requirements of the Australian Governments Clean Energy Regulator under the Emissions Reduction Fund.
“Heat is too often a forgotten energy in Australia, with electricity regularly being the focus of policy discussions to reduce emissions,” Henry says.
“PEF is a proven and successful technology, with hundreds of plants throughout Europe using waste-derived fuel for heat and electricity.”
He says that the waste-to-energy market is earmarked to become more sophisticated over the next five years, as the sector continues to experience significant growth.
“To achieve zero waste and carbon emissions is of course the ultimate goal and while this in reality is a long way off, major steps must be taken by the sector now to move towards long-term solutions.
“Future and consistent recognition of the different types of waste to energy available in the market is vital to show this is a much better solution than landfill.