Masdar Inks Agreement with Tribe to Develop Energy from Waste Projects in Australia

  • Date: 30-Nov-2020
  • Source: Al Bawaba
  • Sector:Oil & Gas
  • Country:UAE
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Masdar Inks Agreement with Tribe to Develop Energy from Waste Projects in Australia

Each year approximately 27 million tonnes of waste is landfilled in Australia, the equivalent of filling 75 Olympic swimming pools, yet there are currently no utility-scale energy from waste plants operating in the country.

 

Australia represents an attractive market for investment in the EfW as part of a widespread push to help decarbonize the Australian economy.

 

In January, Masdar and Tribe announced that they had acquired a 40 percent stake in the East Rockingham Waste to Energy project in Perth, Western Australia.

 

The aim of the JV company is to develop EfW projects across Australia, as well as to support the delivery and management of these projects, remarked Christopher Pyne, Former Australian Defence Minister, in the presence of Abdullah Al Subousi, UAE Ambassador to Australia, alongside Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Peter McCreanor, Tribe CEO, during the inauguration of the Australia-UAE Business Council, which took place in Sydney, Australia.

 

"Tribe and Masdar have the distinction of being the first companies to ink contracts that actively engage in business activity in Australia as part of the business council. Both the countries have very strong connections, and the joint venture agreement for turning waste into energy is only the beginning of