OPINION: For many households, the shift to a circular economy starts at the rubbish bin. Cleanaway’s new deal rides that shift.
The proliferation of different coloured rubbish bins on Australia’s nature strips – red for household waste, yellow for recycling, green for garden waste, purple for food and organics – has become a slightly bemusing fact of life for most of us.Cleanaway is pushing hard into the big growth area for waste management.Cleanaway announced it would raise $350 million to pay for the $168.
The deal will be EPS accretive immediately, and will also allow Cleanaway to extract more value from the geographic spread of its network across Sydney, which was enlarged last year byAdvertisement Cleanaway will build a second FOGO processing site at Lucas Heights, further strengthening its position in what will be a rapidly changing Sydney market.
Schubert insists he is not over-raising for GRL. The remainder of the funds will be used on investments over the next 12 months or so, including to support several waste tenders that are currently in train.
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