The last few years have seen growing interest in “eating” end-of-life plastics, rather than mechanical recycling methods, for reuse. Brent Balinski spoke to Paul Riley, co-founder and CEO of Samsara Eco, which plans to open a factory next year with capacity to enzymatically process 20,000 tonnes of plastic annually.
Cleanaway’s strong result in year of change Waste management group Cleanaway reported an operating profit up 3.8 per cent to $535.1 million in the year to June 30 on revenues up 4.7 per cent to $2.2 billion. Net profit after tax was $153.2 million in a year of progress for the group. Cleanaway emerged from…
Pact Group, Cleanaway, Asahi Beverages and Coca-Cola Europacific Partners (CCEP) plan to construct and operate a new PET recycling facility in Albury-Wodonga, adding to a number of recent recycling announcements in the packaging sector. The companies are forming a a joint venture that will provide an industry model for recycling solutions in Australia. This will…
The Clean Energy Finance Corporation has announced it is providing up to $16.5 million in debt finance for the Cleanaway/Pact Group/Asahi Beverages factory currently being built in Albury-Wodonga. “The project will draw on $16.5 million in debt finance from the Commonwealth Bank of Australia, for a total debt finance package of $33 million, to build…
According to a recent PwC report, the circular economy offers a potential $1.86 trillion nationally in new economic value over the next decade. Brent Balinski speaks to a few experts about the opportunities attached to recycling and the circular economy.
Electrolux manufactures 6.5 millionth oven Adelaide whitegoods manufacturer Electrolux has celebrated building its 6.5 millionth oven at its factory in Simpson Avenue, Dudley Park. Head of commercial Tony Hinchco said: “Congratulations to everyone involved from the Australian based designers and product development team who dream up our products to the engineers and manufacturing teams who…
Cell Therapies to manufacture Kymriah Melbourne contract manufacturer Cell Therapies has been given Therapeutic Goods Administration approval to manufacture Novartis’ chimeric antigen receptor T-cell at its facility at the Peter MacCallum Cancer Centre. The one-off treatment for blood cancers involves removing cells from the patient, reprogramming them and infuysing them back into the body. The…
Pact Group has announced the completed acquisition of Flight Plastics, adding the ability to produce up to 5,000 tonnes a year of recycled PET trays and containers a year.
Housing and construction slowdown hits ADBRI Cement, lime and building products manufacturer ADBRI was hit in the first six months of this year by bushfires, smoke and floods and by lower residential demand. Revenue in the half of $700.7 million was down from $755.7 million in the previous corresponding period. Earnings before interest and tax…
A joint venture between Pact Group, Cleanaway Waste Management and Asahi Beverages was formally entered on Monday, with the partners confirming a new PET recycling site at the new Nexus Precinct north of Albury/Wodonga.
