HWL Ebsworth Lawyers advises ResourceCo on clean energy funding
Leading national law firm HWL Ebsworth has assisted ResourceCo Pty Ltd in relation to its $30 million funding facility with the Clean Energy Finance Corporation to build two new plants to transform waste materials into solid fuel, known as Processed Engineered Fuel (PEF). The first plant will be built at Wetherill Park in Sydney and the second in another Australian location yet to be announced.
The transaction was led out of the firm’s Adelaide office by Banking and Finance Partner, Peter Staniszewski, assisted by Greg Stander (Senior Associate) from the firm’s Melbourne office.
Headquartered in Adelaide, ResourceCo is one of Australia’s leading environmental services companies and operates in 21 locations across Australia and South-East Asia. In addition to saving the waste material from going to landfill, the PEF to be manufactured at the Sydney plant will be used in cement kilns, reducing reliance on coal and other fossil fuels.
“We were delighted to assist ResourceCo with such a milestone transaction” said Peter Staniszewski. “Having involvement with this project has not only been rewarding on a professional level, but having the opportunity to play a role in a project that will deliver substantial environmental benefits brings a deeper sense of satisfaction given the impact to our community as a whole.”
For further information, you may like to view ResourceCo and CEFC’s media release about this transaction, available here.
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