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Sims Metal Management plans ‘waste-to-energy’ plants in Australia

vehicles for scrapAccording to an article on BaleBid, Sims Metal Management recently announced that it will be entering the ‘waste-to-energy’ industry, the company has revealed plans in partnership with LMS Energy to construct several plants around the world, they will utilise the non-metallic residue leftover from its shredding processes and use it to generate electricity.

The first plant will be in Australia, alongside one of its current processing facilities and is expected to be operational by 2022. The company informed investors last week that they would be using their competitive advantage by utilising the 1.3m tonnes of shredded waste they receive annually as feedstock to enter the sector.

Heightened environmental concerns, an increase in landfill costs and the growing attention on waste management are the reasons behind the firms foray into the industry.

When vehicles are shredded a variety of different materials are leftover such as plastics, glass, rubber, textiles and liquids, the shredding waste has high energy content, about 16 megajoules per kilogram.

The company plans to spend $158million to construct and operate seven waste-to-energy plants globally within the next ten years. Sims Metal Management currently incurs waste costs of $103m per annum, implementing Waste-to-Energy facilities could remove 75% of these costs.

Australia has been unhurried to invest in Waste-to-energy facilities in comparison with Europe, the Middle East and Asia, due to the cheap costs of landfill. But the requirement to divert waste away from landfill is growing, this combined with the introduction of the National Sword Policy from China has led to a growing waste crisis in Australia. Australian environment ministers are now keen to explore waste-to-energy in order to address the countries mounting trash problem.

Source: www.balebid.com

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Adam Hewitt

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Owain Griffiths

Owain Griffiths

Head of Circular Economy at Volvo Cars

Owain joined Volvo Cars in June 2021 to lead Circular Economy in the Global Sustainability Team. The company has committed to being a circular business by 2040 and has financial, recycled content and CO2 based targets for 2025, all of which Owain is working across the company to make happen. Owain previously worked for circular economy consultancy Oakdene Hollins where he advised businesses on evidence led circular economy implementation. 

Turning into a circular business and the importance of vehicle reuse and recycling.

The presentation will cover the work Volvo Cars is doing to achieve 2025 but mainly focus on the transformational work towards 2040 and the business and value chain changes being considered. Attention will be paid to the way vehicles are being dealt with at the end of life and the complexities of closing material and component loops. Opportunities and challenges which Volvo Cars is facing will be presented including engagement with 3rd parties and increasing pressure from stakeholders.