BINGO Industries’ has revealed its latest upgraded, state-of-the-art resource recovery centre at an unveiling event in West Melbourne.
BINGO’s West Melbourne recycling centre is set to become an important asset within Victoria’s network of recycling infrastructure, with BINGO targeting a resource recovery rate of over 75 per cent.
BINGO entered the Victorian market in 2017 through several strategic acquisitions. In the last 12 months, the company has invested in excess of $50 million in acquisitions and committed an additional $50 million for upgrades of local waste management businesses and poorly managed post-collections assets.
BINGO’s Managing Director and CEO, Daniel Tartak, said “I am extremely proud to be unveiling our innovative West Melbourne Resource Recovery Centre.
“Despite being a relatively new entrant into the market, we are confident that we have the ability and know-how to be stewards for change and lead the Victorian recycling market to achieve enhanced sustainability outcomes. We are keen to help the Victorian Government significantly raise the standards and compliance within the waste industry, right across the state.”
BINGO has invested over AUD$20 million in the redevelopment of the West Melbourne site. Upgrades to the facility include a cutting-edge resource recovery plant, new weighbridge, safety and structural improvements and upgrades to the electrical and fire protection systems, including thermal cameras.
“The upgraded facility is a great example of what BINGO is able to achieve in transforming previously poorly-managed post collections assets. Large-scale infrastructure projects like this one will help reduce Victoria’s dependence on landfills, create new jobs and drive further investment in recycling facilities,” Daniel said.
BINGO’s vision is “Pushing for a Waste Free Australia”. This vision places BINGO in a unique position to assist Victoria in its move towards a circular economy, through providing a recycling-led solution to ensure waste is diverted from landfill.
Victoria’s population and economic growth is fuelling increases in waste volumes. The state is expected to be producing 21 million tonnes of waste per year by 2044, with Metropolitan Melbourne accounting for 80 per cent of the state’s waste generation.
“The upgraded facility is a great example of what BINGO is able to achieve in transforming previously poorly-managed post collections assets. Large-scale infrastructure projects like this one will help reduce Victoria’s dependence on landfills, create new jobs and drive further investment in recycling facilities,” Daniel said.
BINGO’s vision is “Pushing for a Waste Free Australia”. This vision places BINGO in a unique position to assist Victoria in its move towards a circular economy, through providing a recycling-led solution to ensure waste is diverted from landfill.
Victoria’s population and economic growth is fuelling increases in waste volumes. The state is expected to be producing 21 million tonnes of waste per year by 2044, with Metropolitan Melbourne accounting for 80 per cent of the state’s waste generation.
BINGO now operates five recycling facilities in Victoria, located at Braeside, Dandenong, Campbellfield, Clayton South and West Melbourne, as well as the TORO Waste Equipment manufacturing facility at Braeside. BINGO’s Victorian footprint continues to grow, with the company now operating a fleet of 100 trucks and employing over 130 staff. A significant pipeline of both Building and Demolition (B&D) and Commercial and Industrial (C&I) revenue has been identified in Victoria, and this market remains a key area of focus for BINGO in realising its vision for a waste-free Australia.
For further information
Investors
Chris Jeffrey, BINGO Industries 0400 154 176
Media
Chris Gordon, BINGO Industries 0467 333 440
For further information
Investors
Chris Jeffrey, BINGO Industries 0400 154 176
Media
Chris Gordon, BINGO Industries 0467 333 440
