An Australian-Middle Eastern consortium has announced the development of a $1.5 billion waste-to-energy facility located in the Parkes Special Activation Precinct, New South Wales.
Led by Tribe Infrastructure Group, Parkes Energy Recovery is a consortium of companies selected by the Regional Growth NSW Development Corporation (RGDC) that will use technology from Kanadevia Inova to divert an estimated 600,000 tonnes of waste per annum from landfill.
This facility will generate 60 megawatts of energy, which is enough to power 80,000 homes a year. The project is expected to support job creation during both construction and operations.
The new project is another step towards a circular economy, which refers to the practice of optimising resource use and minimising waste across the entire production and consumption process.
The circular economy is crucial in the push for greater sustainability as the global economy consumed 582 billion tonnes of materials between 2016 and 2021 as reported by Mining.com.au.
Tribe Infrastructure Group founder and CEO Peter McCreanor says Austrade has been a big supporter over the consortium’s nine-year journey in Australia.
“What we’re aiming to do is part of the transformation of Australia’s waste industry to a circular economy; as large and challenging an opportunity in Australia as it is globally.”
The facility will act as a catalyst for local businesses interested in the available baseload power and high-pressure steam and heat.
Waste-to-energy is a commonly used way of generating energy from non-recyclable waste to reduce reliance on fossil fuels and divert waste away from landfills.
Write to Maddison Elliott at Mining.com.au
Images: Austrade
