Cefc sweeps $90m into CLEANAWAY

The Australian Energy Review - - CONTENTS - Cameron Drum­mond

THE Fed­eral Gov­ern­ment’s Clean En­ergy Finance Cor­po­ra­tion (CEFC) has al­lo­cated $90 mil­lion to Aus­tralia’s largest waste man­age­ment busi­ness Cleanaway.

CEFC chief ex­ec­u­tive Ian Lear­month said the finance would be used across a range of el­i­gi­ble waste man­age­ment projects, to re­duce the amount of waste go­ing to land­fill, as well as gen­er­at­ing re­new­able en­ergy and avoid­ing car­bon emis­sions.

“Aus­tralia cur­rently gen­er­ates around 48 mil­lion tonnes of waste a year, with as much as 44 per cent of this end­ing up as land­fill,” Mr Lear­month said.

“It is crit­i­cal that we re­duce the amount of waste go­ing to land­fill and bet­ter man­age land­fill emis­sions.

“Cleanaway's po­si­tion as the largest waste man­age­ment and in­dus­trial ser­vices com­pany in Aus­tralia means it can lead the waste sec­tor in demon­strat­ing the ben­e­fits of best prac­tice clean en­ergy op­er­a­tions in re­duc­ing emis­sions.”

Cleanaway op­er­ates a na­tional net­work of unique waste col­lec­tion, pro­cess­ing, treat­ment and land­fill as­sets from more than 180 lo­ca­tions across Aus­tralia.

CEFC Waste Sec­tor lead Henry An­ning said the CEFC finance would en­able the com­pany to fast track a range of el­i­gi­ble projects, in­clud­ing fa­cil­i­ties for or­gan­ics pro­cess­ing and re­source re­cov­ery, as well as land­fill gas projects.

Cleanaway said its first move would be de­vel­op­ing a best-in-class re­source re­cov­ery cen­tre at Ersk­ine Park in NSW that would be ca­pa­ble of pro­cess­ing 150,000 tonnes of waste a year, di­vert­ing about 40 per cent of waste vol­ume from land­fill.

“This is a mile­stone trans­ac­tion for the CEFC in the area of waste and bioen­ergy, which has a vi­tal role to play in our clean en­ergy tran­si­tion,” Mr An­ning said.

“As our first ma­jor trans­ac­tion with a lead­ing Aus­tralian waste man­age­ment com­pany, we are look­ing to demon­strate how clean en­ergy tech­nolo­gies can be used to tackle the prob­lem of waste emis­sions.

“Cleanaway is al­ready us­ing in­no­va­tive so­lu­tions to gen­er­ate re­new­able en­ergy from waste and re­duce land­fill, and the com­pany will achieve fur­ther sig­nif­i­cant emis­sions re­duc­tions with this CEFC finance.”

Cleanaway chief ex­ec­u­tive Vik Bansal said Cleanaway was com­mit­ted to help­ing in­dus­try, busi­nesses and house­hold­ers cre­ate a more sus­tain­able Aus­tralia.

“We al­ready have a strong fo­cus on sus­tain­able prac­tices and we are ex­cited about what fur­ther in­vest­ment this will en­able us to achieve," Mr Bansal said.

“This CEFC finance will help us ac­cel­er­ate moves away from tra­di­tional land­fill so­lu­tions by adopt­ing tech­nolo­gies and prac­tices that will help us achieve bet­ter en­vi­ron­men­tal, so­cial and eco­nomic out­comes."

Im­age: Cleanaway.

Cleanaway’s new Perth ma­te­rial re­cov­ery cen­tre.

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