Queensland-based Landfill Gas Industries (LGI), one of Australia’s specialist landfill gas service providers, will expand its waste-to-energy operations with up to $10 million finance from the Clean Energy Finance Corporation (CEFC).
The finance will also support the company’s delivery of carbon credits under the Emissions Reduction Fund (ERF). CEFC chief executive officer Oliver Yates said he was accelerating LGI’s expansion, helping grow its ability to turn methane-emitting landfills into successful
“This finance for LGI demonstrates how the CEFC can provide upfront capital to projects bidding into the ERF, helping expand their scope and their capacity to invest in emissions reduction projects,” Mr Yates said, as reported by The Australian.
“The CEFC is interested in talking to aggregators and intending bidders in the ERF to explore how we might be of assistance in helping their projects proceed moving forward.”
The LGI expansion involves installing 6MW of electricity generation and supporting the operation of biogas-fired generators across landfill sites in Brisbane, Bunya, Caboolture, Dakabin and Maryborough in Southern Queensland and Gladstone in Central Queensland.
The generators are being placed at landfill sites where the company already operates flares and has an existing working relationship with the local government authority administering the facility.
LGI will build, own, operate and maintain the biogas-fired generators and sell the electricity generated into the grid. Just under half of Australian waste ends up in more than 600 landfills across the country, resulting in significant greenhouse emissions. Landfill gas is generated for many years after organic waste is deposited in landfill and begins to decompose. Generally, about 40-60 per cent of this gas is composed of methane.