Ashurst advises CEFC on recycling facility financing
01 May 2023
01 May 2023
Global law firm Ashurst has advised the Clean Energy Finance Corporation (CEFC) on the A$75 million debt financing of a construction and demolition (C&D) recycling facility in Pinkenba, Brisbane.
The CEFC is an investor that facilitates increased finance flows into the clean energy sector on behalf of the Australian Government.
The construction and demolition recycling facility will be operated by Rino Recycling. Once operational, it will be able to process more than 1 million tonnes of C&D material annually, including concrete, excavation material, vacuum waste and skip bin waste, diverting a significant amount of valuable resources from landfill.
Partner Chris Redden said:
"We are delighted to have advised the CEFC on the new construction and demolition recycling facility in Queensland. It is exciting to work on such an important project and to assist in developing a state-of-the-art recycling and resource recovery processing plant in Brisbane."
The Ashurst team was led by Chris Redden, who was assisted by: senior associate Melany Wilson, and associates Fiffy Che, Harrison Xu and Lianne Wong (International Projects Group); and partner Tim Mathers, and associates James Marmin and Rachel Sweeney (Real Estate).