One of Australia's recycling heavyweights has collapsed with debts of $100 million, plunging the struggling industry even further into crisis.
Cleanaway Waste Management is owed more than $60 million as a secured creditor, while the total amount outstanding to creditors and employees is estimated to be $100 million.KordaMentha, which has been appointed as receiver and manager of SKM, says it wants to get the business going again.
Needs a huge firethere to clean it up
Our government is stupid..couldn't get the nbn right,how are they going to fix this ? 🤷♂️
What a disgrace.
Daniel Andrews punishes country Victorians over waste collection
Vic no state waste policy since Andrews Gov Power 2014. Andrews IGNORED warnings-left vulnerable 2 China move.Vic in grip waste crisis-Andrews 2 stop using HalfBillion$ proceeds BinTax 2 prop sham surplus-spend +prevent collapse recycling system,” ~Morris~
Mayor Rennie was scathing of the Andrews government’s handling of the wider issue accusing them of failing to prepare for crisis they should've seen coming. “This one's squarely on the shoulders of State Government. They could've done something about it.”
We should be constructing incinerators that have capability of generating electricity.