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Cleanaway advised on NSW waste-to-energy project

Ashurst has advised Cleanaway on the company’s joint venture for a waste-to-energy project, based in NSW.

July 17, 2018 • By Emma Musgrave
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Firm: Ashurst (Cleanaway Operations Pty Ltd); Kain Lawyers (ResourceCo Holdings Pty Ltd)

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Deal: Cleanaway Operations Pty Ltd (Cleanaway) is embarking on a joint venture for a waste-to-energy project in NSW.

 
 

Value: Up to $50 million comprised, $25 million upfront plus up to a further $25 million subject to the satisfaction of revenue hurdles, according to an Ashurst statement.

Area: Energy and resources

Key players: The Ashurst legal team was led by corporate partner Anton Harris, with assistance from partners Kenneth Tang and Alyssa Phillips.

Deal significance: Cleanaway is a subsidiary of ASX-listed Cleanaway Waste Management Limited, while ResourceCo Holdings Pty Ltd is a subsidiary of ResourceCo Pty Ltd.

This transaction saw Ashurst act for Cleanaway on its 50 per cent investment in a JV entity established by ResourceCo to operate a waste to energy plant in Wetherill Park, which converts commercial and industrial waste into a process engineered fuel, the Ashurst statement explained.

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“The facility is the only one of its kind on the East Coast of Australia and enables Cleanaway to increase waste internalisation rates and, importantly, to offer an advanced resource recovery solution to its customers,” the firm added.

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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