Bingo Industries’ new $100 million recycling facility in Sydney’s west officially opened this week, with the hopes of setting a global benchmark for waste processing and just days after a buyout plan was agreed with Macquarie Infrastructure and Real Assets, subject to shareholder approval, valuing the company at $2.3 billion.
Located in an 82 hectare “ecology park” in Eastern Creek’s industrial zone, the brand new Materials Processing Centre 2 (MPC2) will aim to recover and divert from landfill up to 90 per cent of materials that pass through it.
Using vibrating screens, ballistic separators, magnets and optical sorting technology, MPC2 can process up to up to 7000 tonnes of brick, concrete, timber, metal and other mixed waste each day.
“When complete this park will be a one-of-a-kind recycling and waste precinct that processes all dry building and demolition, commercial and industrial waste streams with a licence to process up to two million tonnes of material each year,” Bingo chief executive Daniel Tartak told a huge crowd gathered for a gala opening of the facility on Wednesday night.
As well as the state-of-the-art recycling centre, the park has a dry-waste landfill and a processing centre where recycled materials can be turned back into products which can be sold into the market.
The majority of recovered materials will be repurposed into new landscaping and building products such as soils, sands, aggregates, road bases, mulch and compost.
How does it work?
Once Bingo trucks dump their loads on the MPC2’s tipping floor, materials are inspected for compliance, and non-compliant materials are removed. The waste then enters six-metre-deep storage pits and once it does, “no human hand or mobile machine will touch this waste again,” according to Mr Tartak.
An automated gantry crane, with giant 10-cubic-metre capacity, automatically transfers materials to the processors. Each crane is capable of loading 150 tonnes of materials each hour and can travel up to 100 metres a minute.
The waste enters a shredder where it is broken down to less than 300mm in size. What remains is sorted into different sizes through being passed over screens of various gauged meshing.
High velocity air streams then separate heavier particles from lighter ones and magnets draw out those materials that contain iron.
From there the materials pass through a series of screens, drum separators, eddy current separators, optical sorters and x-ray sorters to divide the waste into its various recyclable streams.
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“All separated materials will be conveyed through thousands of kilometres of conveyors to other parts of this park where we manufacture recycled products,” Mr Tartak said.
“We will truly be turning all our waste streams into something valuable, showing what a true circular economy looks like in this country.”
What sets this facility apart?
According to Bingo, MPC2 is an industry leader across a number of areas. For one they say, to their knowledge, it is the only facility in Australia capable of processing Building & Demolition (B&D) and Commercial & Industrial (C&I) at the same time.
“This means we can process traditional B&D waste such as brick, concrete, sand & soils, metals (both ferrous and non-ferrous), timber, and plasterboard, as well as, processing commercial waste materials like paper, cardboard and plastics,” a company spokesperson said.
The use of eddy current separators, which will sort out non-magnetic metals, along with optical separators and x-ray separators is a combination unique to MPC2.
At 9000 square metres, the facility is also the largest recycling centre currently in Australia and according to Bingo, the largest B&D waste processing facility in the world.
“When complete, this Park will be a one-of-a-kind recycling and waste precinct that processes all dry B&D and C&I waste streams,” Mr Tartak said.
“We see recycling as a huge opportunity for Bingo to help in the reduction of waste and bettering the environment; and that is why we have invested in this incredible facility.”
Macquarie Infrastructure and Real Assets deal to purchase Bingo Industries comes amid other big activity in the sector. Australia’s largest waste company Cleanaway two weeks ago announced it was buying Suez Australia for $501 million after a merger betwen Veolia and Suez failed.
According to The AFR, “The spend-up by governments on big infrastructure projects has triggered a rise in demolition waste, while a focus by policymakers on recycling is delivering new opportunities for growth but also reinforcing that size is increasingly important to generate robust investment returns.
“Daniel Tartak, who is the largest shareholder with a stake worth $455 million at the offer price of $3.45 per share, has been running Bingo since 2015 and oversaw a listing onto the ASX in 2017.”
He told the audience at the opening event that he intended to stay with the company.