Meath engineering firm Turmec has been awarded a €30 million contract to design and install a construction waste processing plant in Brisbane, Australia.
The project is for Rino Recycling at its existing facility near the city. It will be one of Australia’s newest construction and demolition waste treatment facilities, designed to achieve landfill diversion and recycling rates of up to 99 percent. It processes up to 475 tons of waste per hour.
Turmec was founded in 1972. In 2018, Causeway Capital supported a management buyout.
The company invested €4 million in the deal, which was led by Turmec’s then Managing Director, Brian Thornton. He is no longer involved in the company. Causeway is the majority owner of the company.
The company’s managing director is Geoff Bailey.
The Brisbane project is part of a multi-million Australian dollar investment program by Rino Recycling in response to growing demand.
A new landfill fee has been introduced in Queensland and will increase annually, while there are new environmental laws aimed at improving waste recovery rates and diverting waste from landfill.
Queesland has also embarked on a 25-year development plan that will boost recycling demand for construction waste. The program will create new transport, port and leisure facilities in and around Brisbane. The city will also host the Olympic Games in 2032.
Daniel Blasé, Rino Recycling’s general manager and project leader, said the company aims to become a global leader in waste recycling rates.
“The completion of this integrated hybrid facility will be the first of its kind in the world and will pave the way for the future of recycling,” he said.
Turmec’s customers include major global waste management companies such as Suez, Powerday, Biffa and Thornton Recycling.
It employs 90 people at its Co Meath facility.
In the 12 months ended June 2020, the group generated sales of €39 million and an operating loss of €1 million.
https://www.independent.ie/business/irish/meath-firm-inks-30m-deal-to-build-waste-processing-facility-in-brisbane-41890784.html Meath company signs a €30 million deal to build a waste processing plant in Brisbane