Causeway Capital portfolio company Turmec has secured a €30m contract to design, build and install a new construction waste processing solution for Rino Recycling at its Pinkenba facility near Brisbane in Queensland in Australia. This follows on the back of a number of successful contract wins for the business.
The new project will be one of the largest construction and demolition (C&D) waste recovery sites in Australia and is designed to achieve landfill diversion and recovery rates of up to 99%. It will have a processing capacity of 475 tonnes per hour.
The Pinkenba project forms part of a multi-million Australian dollar capital investment programme by Rino Recycling to meet growing demand for materials recovery and recycling in South East Queensland. The recovered C&D materials will be recycled by Rino Recycling into a range of high-quality sand, fill, road bases and aggregate materials which will be supplied back into new construction projects. Significant growth in construction activities as part of a 25-year development plan for the region is driving recycling demand for waste construction materials, including major transportation, port and waterfront development and leisure facilities in and around Brisbane. High levels of construction activities are expected to continue in preparation for Olympic Games which will be hosted by Brisbane in 2032.
Geoff Bailey, chief executive of Turmec, said the planned facility would be a world class development.
“We are delighted to have the opportunity to support Rino Recycling to deliver on its vision to revolutionise construction and demolition waste handling and processing, and to become the leading producer of recycled construction materials in Queensland. Our goal for the Pinkenba project is to match Rino’s ambition with a world-class, turn-key construction waste recycling facility that not alone provides market-leading landfill diversion rates, but also produces high quality recycled construction materials that will go back into an extraordinary pipeline of construction projects around Brisbane that are already underway, and planned over the next 10 years,” Bailey added
