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TV coffee cup crusade provokes mixed industry response
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Waste export ban on mixed plastics now in force
As of Thursday 1 July, waste mixed plastics can no longer be exported from Australia. All future waste plastic exports must be licenced and as a minimum be sorted into either a single polymer bale or processed pellet/flake to a recognised industry specification.
The National Waste and Recycling Industry Council (NWRIC) supports the COAG export ban on unprocessed waste materials, and its members are working hard in collaboration with state and federal governments to upgrade existing sorting capacity and build new processing facilities across the country. Many of these we expect will come online over the next 12 to 18 months.
Cleanaway in $2.5b Suez deal but strings attached
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ASX-listed Cleanaway has agreed to buy the Australian assets of French waste group Suez for $2.52 billion but the deal has conditions attached that depend on the outcome of a broader takeover battle playing out in France between Veolia and Suez.
Cleanaway, Australia’s biggest waste management company, announced on Tuesday it has signed an agreement with Suez to buy the Australian business that generates $1.42 billion in annual revenue.
But Veolia, which is involved in a global takeover battle where it is trying to buy all of Suez, was furious and said it strengthened its resolve to block it through legal avenues because an Australian side deal is in breach of French takeover law.
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