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TOMRA: Successful Bid for Network Operator Role in the New South Wales Container Deposit Scheme

The New South Wales (NSW) Environment Minister Gabrielle Upton has today, 29.07.2017, announced that TOMRA’s joint venture with Cleanaway (“TOMRA-Cleanaway”) has been appointed as the Network Operator for the State’s Container Deposit Scheme starting in December 2017. The Container Deposit Scheme will be a vital contribution to NSW’s litter volume reduction target of 40% by 2020. “This is the biggest initiative to tackle litter in the state’s history and it will make a massive difference to the amount of rubbish on our streets, parks and waterways right across NSW,” Environment Minister Upton said. “It will also provide a fundraising opportunity for schools, community and sporting groups, which share in millions of dollars every year in places, where similar schemes have been running for decades.”

TOMRA-Cleanaway has been awarded the Network Operator role across the whole of NSW. The scheme commencement date is from 1stof December 2017 with the majority of collection points operational and the rest up and running by the end of February 2018.

TOMRA has entered into a 50/50 Joint Venture with Cleanaway Waste Management Ltd. In this partnership TOMRA will provide technology, software and carry the investment for the technology provided. Cleanaway will provide logistics, sorting of collected material and act as broker for the related commodities.

“By partnering with an innovative leader like TOMRA, we’re leveraging the experience of the global leader in reverse-vending technology to deliver these services in New South Wales.”, says Cleanaway’s CEO and Managing Director Vik Bansal.  “We are very happy to enter into this partnership with Cleanaway, the leading waste management company in Australia”, says TOMRA’s President and CEO Stefan Ranstrand. “Our two companies are a great fit and together we are providing our core competences into the role of Network Operator.”

There will be over 500 Collection Points across the state and more than half of these will be automated with two or four reverse vending machines. More than 800 RVMs will be installed in total. The contract awarded has a duration of 5 years with an option to extend for another 4 years.

“We are proud to be the preferred partner and to be part of a world class Container Deposit Scheme in New South Wales”, Ranstrand comments further. “New South Wales is the first state in Australia to implement a deposit scheme where large scale automated convenient solutions are being offered to the consumer. Engaging with the consumer to make recycling relevant and personal is the only way forward to make sure we are efficiently taking care of and reusing the world’s resources. A Container Deposit Scheme is the best way to promote closed loop recycling and make sure we are addressing the major challenges we see today such as marine littering and wasted plastic in our natural environment”, Ranstrand concludes.

TOMRA Systems ASA
Asker, 29.07.2017

 

For further information:

Elisabet V. Sandnes, Vice President Investor Relations/M&A, Tel: +47 97 55 79 15

Stefan Ranstrand, President and CEO, Tel: +47 97 47 72 70


ABOUT CLEANAWAY

Cleanaway Waste Management Limited is Australia’s leading waste management company, operating a national network of unique collection, processing, treatment and post collection assets from over 200 locations across Australia. The company is listed on the Australian Stock Exchange (ASE: CWY). For more information on Cleanaway visit: http://www.cleanaway.com.au

ABOUT TOMRA

TOMRA was founded on an innovation in 1972 that began with design, manufacturing and sale of reverse vending machines (RVMs) for automated collection of used beverage containers. Today, TOMRA has ~90,000 installations in over 80 markets worldwide and had total revenues of ~6.6 billion NOK in 2016. The Group employs ~3,500 globally, and is publicly listed on the Oslo Stock Exchange. (OSE: TOM). The TOMRA Group continues to innovate and provide cutting-edge solutions for optimal resource productivity within two main business areas: Collection Solutions (reverse vending and material recovery) and Sorting Solutions (recycling, mining and food sorting). For further information about TOMRA, please see www.tomra.com