According to research by PWC, Australian’s will produce an additional 645,000 tonnes of waste by 2024. That’s almost one third of our current waste production. This growing mountain of waste, however, represents new opportunities for private capital which has been flocking to the waste management industry as interest grows in the green circular economy and recycled goods are seen as highly marketable. With years of planning and permitting required, the SME’s that account for roughly 60% of the waste management industry do not have the capacity to create new large-scale facilities needed to reclaim waste into reusable material. According to some observers, this has left the industry vastly under-invested in and has created the conditions for large companies like Cleanaway and Veolia to initiate an industry wide transformation.
Private capital sniffing around waste
Jun 17, 2022 | Waste