The Clean Energy Finance Corp. (CEFC) is to lend ResourceCo AUS$30 million to build two new waste processing plants in Australia for the production of processed engineering fuel (PEF). PEF is used in cement kilns to reduce the reliance on fossil fuels.
The first plant will be built in Sydney, while the location of the second plant is yet to be announced. The PEF produced at the plants will initially be used locally, but will also be exported as an alternative to coal and gas in cement kilns in Asia.
When operational, the Sydney site will process around 0.15 million tpy of waste to produce PEF, as well as recovering other commodities, such as metal, clean timber, and inert materials. In addition to the funding from CEFC, the site has also received a AUS$5 million grant from the New South Wales Environmental Trust.
According to Henry Anning, CEFC Bioenergy and Energy from Waste Sector Lead, the investment in the reuse of waste makes both economic and environmental sense, reducing landfill and replacing fossil fuels.
The two plants are expected to abate 8 million tCO2e over the expected lifetime of the equipment, Anning added.
Read the article online at: https://www.worldcement.com/asia-pacific-rim/19052017/two-waste-to-fuel-plants-receive-finance/