Leading resource recovery company ResourceCo Group is rolling out facilities at Wetherill Park in Sydney that will transform selected non-recyclable waste streams into Processed Engineered Fuel (PEF). CEFC lent AU$30 million to Resource Co to build two new plants. The first, a plant at Wetherill Park in Sydney, will be capable of processing 150,000 tonnes of waste materials per annum. The Sydney plant benefits from New South Wales EPA grant funding of AU$5 million and is eligible for Australian Carbon Credit Units (ACCUs). A second plant is to be built in another Australian state yet to be announced.
Once at the plant, traditionally landfill-bound waste materials are sorted. Through a process of shredding, screening and separating, inert content with no energy value is extracted while the balance of the content is converted into a dry solid fuel product. The fuel will initially be used locally, but will also be exported, as an alternative to coal and gas, for use in cement kilns in Asia.