Cleanaway

Cleanaway Waste Management Limited is an Australian waste management company. It employs over 6,000 people across Australia and operates over 5,300 trucks from more than 250 branches nationwide, as well as a range of resource recovery and post collection assets across the country. This network of assets allows Cleanaway to offer over 300 products and services across the entire waste spectrum from collections to recycling to safe disposal for businesses of all sizes across different industries.[1]

Cleanaway
ASX: CWY
IndustryWaste Management and Recycling
Founded1979
FounderBrambles
Headquarters,
Australia
Key people
Mark Chellew (Chairman)
Vik Bansal (Managing Director)
Revenue$2.1 billion (FY2020)
$515.7 million EBITDA
Number of employees
6,000+ (2020)
Websitewww.cleanaway.com.au

History

Brambles entered the waste management and disposal industry in 1970 when it purchased the Australian waste collection and disposal services of the Purle Group.[2][3][4] In 1979, it began trading as Cleanaway.[5] Cleanaway continued to expand over the years through a combination of organic growth and acquisitions.

Cleanaway expanded into Europe in the 1990s, purchasing businesses in the Netherlands, Germany and the United Kingdom.[6][7][8][9] The German operation was sold in 2005.[10]

In June 2006, Brambles sold Cleanaway to KKR, who then sold it to Transpacific Industries in May 2007.[11][12][13] Transpacific Industries was formed in 1987, expanding through organic and strategic growth.[14] The combined entity would continue to trade separately as Transpacific Industries (TPI) and Cleanaway for ten years. In September 2013 the Commercial Vehicles Group that sold Dennis Eagle, MAN and Western Star Trucks was disposed of to the Penske Automotive Group.[15][16]

In September 2015 the company announced its intention to rebrand to Cleanaway Waste Management. This was approved by shareholders at the Annual General Meeting in October 2015.[17]

On 18 May 2017, Vik Bansal unveiled Footprint 2025,[18] Cleanaway's plans to upgrade and improve their current infrastructure and systems to deal sustainably with Australia's growing waste demands, with a primary focus on resource recovery.

On Jan 21 2021, Vik Bansal announced that he intended to step down as Cleanaway CEO in an ASX announcement.[19]

Notable acquisitions

Cleanaway announced it was acquiring Tox Free Solutions Limited,[20] including its subsidiary Daniels Health, in December 2017, subject to regulatory approval. This was granted by the Australian Competition & Consumer Commission in April 2018,[21] followed by the Australian Federal Court on 10 May 2018.[22] The acquisition was completed on 25 May 2018. The occasion was marked by visits from Cleanaway's senior management to all Toxfree and Daniels Health sites across Australia.

In 2019, Cleanaway acquired a number of the SKM Recycling Group's assets for $66 million,[23] restoring and reopening the facilities completely by February 2020.[24] The acquisition included two Materials Recovery Facility and two transfer stations in Victoria and a material recovery facility in Tasmania. The site in Laverton North, Victoria includes an advanced plastic sorting facility which separates plastics from material recovery facilities into clean, individual polymer grades for sale or input into a pelletising facility. The acquisition of Statewide Recycling in late 2019[25] enabled Cleanaway to further service regional Victoria, including a transfer station in Warnambool.

Products and services

Cleanaway offers a wide variety of waste management services, including:

In addition, Cleanaway also manages several landfills, waste transfer stations and material recovery facilities throughout Australia, turning the received waste into energy and other materials.[26]

Energy-from-waste

Cleanaway has proposed an energy-from-waste facility in Western Sydney. The facility would take residual waste from Western Sydney kerbside general waste collections and convert to energy.[27]

Joint ventures

Cleanaway operates several joint ventures throughout Australia, including:

Earthpower

In 2007, Cleanaway formed a joint venture with Veolia and purchased EarthPower, a food organic processing facility that can process items such as fruit, vegetables, meat, fish, and grease trap and bulk packaged waste. The facility uses anaerobic digestion technology to convert food waste into combustible gas similar to natural gas to produce green electricity.[28]

TOMRA Cleanaway

The TOMRA Cleanaway partnership was appointed to be the Network Operator for the New South Wales container deposit scheme (also known as Return and Earn). TOMRA provides the Reverse Vending Machines, and Cleanaway collects and processes the containers from the machines and collection points around New South Wales. As of 1 May 2020, 3.5 billion containers[29] have been returned since the start of the scheme.

Cleanaway-ResourceCo

The Cleanaway-ResourceCo joint venture opened the largest resource recovery and Process Engineered Fuel (PEF) facility in Australia. The Resource Recovery Facility (RRF)[30] in Wetherill Park, Sydney, creates a landfill diversion option for dry commercial and industrial waste, providing an alternative to coal.

Asahi – Cleanaway – PACT

On 19 February 2020, Asahi Breweries, Cleanaway and Pact Group Holdings announced a joint venture to develop a plastic pelletising facility.[31] This facility is expected to process up to 28,000 tonnes of plastic bottles and other plastic packaging. In August 2020, it was revealed that the facility will trade as Circular Plastics Australia (PET).[32]

Sponsorships

Clean Up Australia

Cleanaway is a major sponsor for Clean Up Australia, focusing on mobilising the community to clean up and conserve the environment. Prevention of litter is the key message of Clean Up Australia and Cleanaway's efforts.

References

  1. Annual report for year ended 30 June 2020 Cleanaway
  2. Brambles in new industrial waste venture Canberra Times 11 August 1970 page 17
  3. Brambles' New Interest Australian Transport September 1970 page 23
  4. "Our History". Brambles. Retrieved 19 June 2018.
  5. "Our History". Brambles. Retrieved 19 June 2018.
  6. Cleanaway Acquires Major German Waste Operator Brambles 6 April 1998
  7. Brambles sees clear gain in German deal Australian Financial Review 7 April 1998
  8. Advice re: Cleanaway Europe Brambles 9 May 2000
  9. Cleanaway Europe expansion Brambles 9 January 2001
  10. Brambles Sells Cleanaway Germany for A$893 Million and buys Ausdoc for A$260 Million Brambles 13 January 2005
  11. Kohlberg Kravis Roberts & Co - acquisition of Cleanaway Australia Australian Competition & Consumer Commission 22 June 2006
  12. Transpacific buys Cleanaway from KKR ABC News 17 May 2007
  13. "Transpacific picks up Cleanaway – Business – Business – theage.com.au". The Age. Retrieved 19 June 2018.
  14. "Transpacific founder Peabody sells his stake". www.theaustralian.com.au. 8 March 2013. Retrieved 31 March 2020.
  15. Penske Will Pay $200 Million for Australian Truck Company The New York Times 28 July 2013
  16. Penske buys CVG from Transpacific Trade Trucks 29 July 2013
  17. Conroy, John (21 September 2015). "Transpacific to become Cleanaway". Herald Sun Australia. Retrieved 19 June 2018.
  18. "Cleanaway's Footprint 2025 – the battle plan for our own #WarOnWasteAu". 18 May 2017. Retrieved 19 June 2018.
  19. "CEO Succession". Cleanaway on ASX. 21 January 2021. Retrieved 22 January 2021.
  20. Dunckley, Mathew (11 December 2017). "Cleanaway Waste Management to buy rival Tox Free Solutions". The Sydney Morning Herald. Retrieved 19 June 2018.
  21. "Cleanaway's $671m Tox Free takeover a done deal". The West Australian. 3 May 2018. Retrieved 19 June 2018.
  22. "Cleanaway Gains Federal Court Approval For Tox Free Scheme of Arrangement – The Shareholder". The Shareholder. 10 May 2018. Retrieved 19 June 2018.
  23. "Cleanaway acquires SKM facilities for $66 million". Inside Waste. 10 October 2019. Retrieved 19 May 2020.
  24. "Former SKM facilities in Victoria reopened by Cleanaway". Inside Waste. 4 February 2020. Retrieved 19 May 2020.
  25. "Welcoming Statewide Recycling to the Cleanaway family in Warrnambool". Cleanaway Newsroom. 13 July 2020. Retrieved 24 July 2020.
  26. "Turning landfill gas into renewable energy". cleanaway.com.au. Retrieved 19 June 2018.
  27. "Cleanaway launches waste-to-energy plan". Waste Management Review. 4 October 2019. Retrieved 19 May 2020.
  28. "EarthPower food waste to energy plant". Waste Management Review. 11 October 2019. Retrieved 19 May 2020.
  29. "Return and Earn Facebook Page". Facebook. 1 May 2020. Retrieved 19 May 2020.
  30. "Alternative fuel for a sustainable future". Cleanaway Sustainable Future Hub. 6 May 2020. Retrieved 19 May 2020.
  31. "Pact plugs into plan for $30m plastic recycling plant in Albury". The Sydney Morning Herald. 19 February 2020. Retrieved 19 May 2020.
  32. "Construction set to begin on $45M Albury recycling plant". Waste Management Review. 4 August 2020. Retrieved 9 October 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.