The CEFC is committing $75 million in debt finance to develop what will be Queensland’s flagship construction and demolition (C&D) recycling facility, substantially boosting Australia’s recycling sector and expanding our onshore recycling capabilities.
Operated by Rino Recycling and strategically located in Pinkenba, between the Brisbane CBD and Airport, the $89 million facility is expected to deliver 55,363tCO2-e of carbon abatement annually, equivalent to taking almost 12,000 cars off the road. With a recovery rate of more than 90 per cent, it will produce higher quality recycled products for re-use.
The new integrated plant – one of Australia’s largest for throughput volume under one roof – will be able to process more than one million tonnes of C&D waste annually, including concrete, excavation material, vacuum waste and skip bin waste, diverting a significant amount of valuable resources from landfill.
The CEFC investment is the single largest to be made via its $100 million Australian Recycling Investment Fund.