UAE - Abu Dhabi-based Masdar has become an equity partner in the Maryvale Energy from Waste (EfW) project in the state of Victoria in Australia.
Marking Masdar's second investment in Australia, the EfW project will use around 325,000 tonnes of non-recyclable waste in producing steam and electricity to replace natural gas and coal, according to a recent press release.
To be completed by early 2025, the facility will initially comprise one processing line to offer a commercially efficient waste management solution for regional and metropolitan councils.
Hence, the project will cut Victoria’s greenhouse gas emissions by over 270,000 tonnes per year.
Meanwhile, the project will require an investment of about AUD500 million and will provide over 500 job opportunities in Victoria and the Gippsland region during the three-year construction phase, set to start in late 2021.
Tribe, Opal Australian Paper, and SUEZ Australia and New Zealand have also joined the project as equity partners in the development of the EfW facility, while ACCIONA was selected as the construction partner.
The CEO of Masdar, Mohamed Jameel Al Ramahi, said: "We look forward to leveraging our experience from similar projects such as East Rockingham Waste to Energy in Western Australia and the Sharjah Waste to Energy facility in the UAE to contribute to the successful development of the Maryvale project."
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