D29 Waste Collection Treatment and Disposal Services

REDcycle declared insolvent after handing plastic stockpile to supermarket giants

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Original article by Chris Vedelago
The Age – Page: Online : 28-Feb-23

The NSW Supreme Court has issued a winding-up order for RG Programs & Services Pty Ltd, which operated the failed REDcycle scheme for soft plastics packaging. A liquidator has appointed to the company, which is likely to signal the end of the REDcycle scheme. However, this will not affect a recent deal for Coles and Woolworths to assume control of a 12,400-tonne stockpile of soft plastics that is currently being stored in 32 warehouses in three states. The supermarket giants will continue to store the stockpile until they determine how to recycle the waste material.

CORPORATES
RG PROGRAMS AND SERVICES PTY LTD, REDCYCLE, SUPREME COURT OF NEW SOUTH WALES, COLES GROUP LIMITED – ASX COL, WOOLWORTHS GROUP LIMITED – ASX WOW

Cleanaway CEO Vik Bansal to step down

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Original article by Lachlan Moffet Gray, Eli Greenblat, John Durie
The Australian – Page: Online : 22-Jan-21

Shares in waste management company Cleanaway fell by as much as 10 per cent on 21 January after Vik Bansal announced he would be stepping down as CEO; they eventually closed down 8.5 per cent. Bansal had been the subject of significant scrutiny during the latter part of 2020 after it emerged he had been accused of improper behaviour towards staff. He will present Cleanaway’s interim results on 19 February and assist its board with the transition to a new CEO, while it is believed he has accepted an offer to head up Sanjeev Gupta’s InfraBuild Australian steel operations.

CORPORATES
CLEANAWAY WASTE MANAGEMENT LIMITED – ASX CWY

Triguboff and Carapiet back German recycler

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Original article by Carrie LaFrenz, Joyce Moullakis
The Australian Financial Review – Page: 25 : 6-Jun-17

German tyre recycler Pyrolex AG is looking to list on the Australian sharemarket, and is aiming to raise between $A30 million and $A35 million. Michael Triguboff, who will be on the board of Pyrolex Australia, notes that over 60 per cent of its existing investors are Australian. Pyrolex focuses on the recycling of carbon black, a major tyre component. It is estimated that over 20 million tonnes of crude oil are used each year to produce carbon black.

CORPORATES
PYROLEX AG, MACQUARIE CAPITAL PTY LTD, CALEDONIA INVESTMENTS LIMITED, ZEPPELIN SYSTEMS, MOELIS AND COMPANY, MIR INVESTMENT MANAGEMENT LIMITED