Australian waste management company Cleanaway Waste Management Ltd is accelerating its best practice sustainable waste management activities with an array of projects aimed at reducing the amount of waste going to landfill.
Cleanaway is financing the program of works with a $90 million corporate loan from the CEFC.
The first confirmed project is the development of a best-in-class resource recovery centre at Erskine Park in NSW. When operational, the centre will be capable of processing 150,000 tonnes of waste a year, diverting approximately 40 per cent of waste volume from landfill. The centre is currently under construction.
Other projects eligible to use the CEFC finance include facilities for organics processing and resource recovery, as well as landfill gas projects.
Through the loan, the CEFC is looking to demonstrate how clean energy technologies can be used to tackle the problem of waste emissions and play a vital role in Australia's clean energy transition.
The CEFC's finance is helping Cleanaway accelerate moves away from traditional landfill solutions by adopting technologies and practices that will help achieve better environmental, social and economic outcomes.