Waste Mgt Review Maryvale - Two New Equity Partners Join Maryvale WtE Project

Two New Equity Partners Join Maryvale WtE Project

Source: Waste Management Review.

Global renewable energy company Masdar and Tribe Infrastructure Group have joined Opal Australian Paper and SUEZ’s Maryvale waste-to-energy (WtE) project as equity parters.

Infrastructure conglomerate ACCIONA has been selected as the facility’s construction partner.

According to SUEZ Australia and New Zealand CEO Mark Venhoek, the creation of this consortium is a major step forward in brining the Maryvale WtE project to fruition.

“We are delighted to partner with Masdar, Tribe and ACCIONA. Securing their global expertise in developing WtE projects complements the proven SUEZ track record of operating 55 WtE facilities globally,” he said.

Venhoek added that the project will reduce Victoria’s greenhouse gas emissions by more than 270,000 tonnes per annum and generate enough gas and electricity to power over 50,000 homes.

The facility, to be located in Victoria’s Latrobe Valley, is set to divert 325,000 tonnes of non-recyclable waste from landfill each year, generating steam and electricity to replace natural gas and coal fired electricity.

Read full media release by Holly Keys…

Photo credit: Waste Management Review.