Resource recovery, energy efficiency priority for Visy Industries
Lifting recycling capacity in
the complex waste market
Australia’s Visy Industries will increase its capacity to recycle waste materials by 10 per cent with a pipeline of projects to improve the overall energy efficiency and renewable energy use of its large-scale Australian manufacturing operations. These initiatives will reduce waste volumes going to landfill and make a material reduction to Australia’s waste-related emissions.
increase in capacity
More jobs and less emissions from landfill
Visy has pledged to invest $2 billion in Australian manufacturing to create jobs, increase efficiencies and boost sustainability. We are pleased to partner with the CEFC to help us make good on a part of that pledge.Anthony PrattChairman, Visy
The agreement with the CEFC will help deliver on part of Visy’s pledge to invest $2 billion in Australian manufacturing to create jobs, increase efficiencies and boost sustainability.
Visy recycles 1.2 million tonnes of paper and cardboard each year. Drawing on $30 million in debt finance from the CEFC, Visy expects to increase this capacity by 10 per cent with upgrades to existing recycling infrastructure as well as investments in new equipment to support greater resource recovery.
Visy’s pipeline of potential projects includes better processing and sorting technologies to increase the amount of materials that can be recycled, as well as increased renewable energy generation internally to help offset grid energy needs.
Waste management is an increasingly complex issue in Australia and globally, exacerbated by restrictions on the importation of waste materials by China. This impacts as much as 1.25 million tonnes of waste materials from Australia, including an estimated 920,000 tonnes of paper and cardboard, which would produce harmful methane emissions if disposed of as landfill.
According to the International Energy Agency, Australia’s manufacturers are the most energy intensive in the world.
Clean energy technologies can play an increasingly important role in enabling Australian industry to reduce its energy intensity and better manage its energy-related operating costs.