CEFC commits $75m to cut emissions from recycling

Rino Recycling General Manager Daniel Blaser, CEFC CEO Ian Learmonth and Rino Recycling Director Todd Pepper kneel in front of Rino Recycling facility
Rino Recycling General Manager Daniel Blaser, CEFC CEO Ian Learmonth and Rino Recycling Director Todd Pepper onsite in Brisbane for the announcement (Image: Peter Wallis)

The Clean Energy Finance Corporation (CEFC) is committing $75 million in finance to develop what will be Queensland’s flagship construction and demolition (C&D) recycling facility at Rino Recycling.

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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%, 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.

CEFC CEO Ian Learmonth said, “This investment helps provide a solution to Australia’s growing waste stream and accelerates our transition to a circular economy by deploying best-in-class technology to further develop our recycling sector.

“It offers an opportunity to deliver important infrastructure to Queensland and comes at a critical time for Brisbane, with the city on the cusp of a construction boom in the count down to the 2032 Olympics.”

Rino Recycling director Todd Pepper said, “Brisbane is expected to continue the trend in significant population growth over the next 20 years, in addition to the construction requirements of the 2032 Brisbane Olympic Games. The city has a significant pipeline of infrastructure development, including expansion of the Brisbane Airport and the development of the Brisbane city region in the SEQ ‘City deal’. The potential for recycling building material in these construction projects is very large, and it’s great to be working with the CEFC to help establish this plant and contribute to a more sustainable Olympics.

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“The introduction of the landfill levy by the Queensland Government in 2019, and their commitment to almost double it by 2027, has enabled us to make this investment in this proven technology. This facility will not only help SEQ achieve its Olympics commitments but preserve a number of its finite resources by recycling existing materials in the system first.”

 

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