Investing in the future of resource recovery

Partnerships

April 2, 2019

Highlighted Quotes

Our banking and financing partners from the Clean Energy Finance Corporation (CEFC), Australia and New Zealand Banking Group (ANZ), Commonwealth Bank of Australia (CBA), Westpac Banking Corporation (Westpac), Mizuho Bank, Sumitomo Mitsui Banking Corporation (SMBC), MUFG Bank, and Rabobank recently toured three of our prized infrastructure facilities in Western Sydney.

Cleanaway’s Chief Financial Officer Brendan Gill welcomed the group with updates on the Container Deposit Scheme (CDS) scheme in NSW, kerbside recycling and our recent investment in Processed Engineered Fuel.

The tour started at the Cleanaway ResourceCo Resource Recovery Facility (RRF) – a joint venture Processed Engineered Fuel facility in Wetherill Park – hosted by CEO ResourceCo Sustainable Fuels, Ben Sawley, and CFO ResourceCo, Paul Ryan. The joint venture was financed from a loan by the CEFC, and the tour was a good opportunity for our banking partners to get a first-hand look at the technology and processes involved.

The group then visited Cleanaway’s Eastern Creek Container Sorting Facility, where David Clancy, General Manager, Solid Waste Services, NSW/ACT gave an overview of the scheme and the effort that went into mobilising the project in a short time frame. Regional Manager, Alex Hatherley, and Commercial Finance Manager, Greg Mitchell led the tour of the site including the recently commissioned container sort line.

Cleanaway CFO, Brendan Gill commented, “It’s quite something to watch the process from our Finance team organising a finance lease to now seeing this amazing piece of equipment in action and sorting millions of containers.”

The final stop was the recently opened Erskine Park Transfer Station (TS), hosted by Alex Hatherley. Erskine Park TS separates recyclable materials from the waste stream to be managed as a commodity, and residual dry waste is diverted to the ResourceCo’s RRF. Erskine Park TS is expected to increase landfill diversion and demonstrates the strong connection between our infrastructure investments and operations.

For the visiting group, the tour was a valuable experience to gain a deeper understanding about the work Cleanaway is undertaking in resource recovery and landfill diversion. Cleanaway is committed to Footprint 2025 – our roadmap to ensure that communities across Australia are equipped with the right infrastructure to manage their growing waste needs and maximise resource recovery.

 

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