Sacyr has completed the financing of €24 million (US$27,73 million) with the Australian entity CEFC (Clean Energy Finance Corporation) through its subsidiaries Sacyr Industrial and Sacyr Environment to build its first waste treatment project in Australia, the mechanical and biological treatment plant for municipal organic waste in Dandenong South (Melbourne). Sacyr expects its fully-enclosed, in-vessel aerobic composting and maturation plant to be operational in mid-2019. It will operate for 15 years, with a potential five-year extension.
The contract, awarded by Metropolitan Waste and Resource Recovery Group (MWRRG), a government entity in the State of Victoria, includes the financing, engineering, construction, commissioning and operation for 15 years, with a possible extension of five years. The project's estimated revenue backlog is around €84 million (US$97,06 million). Resource recovery, which involves reusing, recycling, reprocessing and energy recovery, is an important middle tier where the CEFC’s finance for projects is making a difference.
The plant will treat the organic waste obtained from selective collection, will have a maximum capacity of 120,000 tonnes per year and will produce 50,000 tonnes per year of high quality compost. It will provide service to a population of 1.2 million inhabitants from 8 municipalities in the south-eastern metropolitan area of Melbourne.