August 1 (Renewables Now) - Australia's energy and environment minister Josh Frydenberg on Tuesday opened a resource recovery facility at Wetherill Park in western Sydney that will turn non-recyclable waste into solid fuel.
The plant is co-owned by waste sector companies ResourceCo and Cleanaway, which recently acquired a 50% stake in the ResourceCo plant, according to an announcement by the Australian government's Clean Energy Finance Corporation (CEFC). The development of the plant, as well as a second facility at a location yet to be identified, has been supported by the CEFC with AUD 30 million (USD 22m/EUR 19m) in debt finance.
The plant is producing solid fuel, called processed engineered fuel (PEF), which can be used in high-combustion facilities like cement kilns.
"The Wetherill Park facility is the largest of its kind in Australia – it is licensed to process around 250,000 tonnes of waste per year to produce PEF and also will recover other commodities such as metal, clean timber and inert metal," Frydenberg said in a separate statement.
The fuel produced will be used in Boral's (ASX:BLD) Berrima Cement Works in New South Wales, and ResourceCo is also targeting export markets in Asia.
The plant is expected to offset over 4 million tonnes of carbon dioxide (CO2) emissions during the lifetime of the equipment.
(AUD 1 = USD 0.741/EUR 0.634)