AnaeCo

PERTH company AnaeCo has passed a regulatory milestone for construction of an expanded waste treatment facility at Shenton Park, but getting funding for the $35 million project is proving more challenging.

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Perth company AnaeCo has announced Infrastructure Fund Manager, Palisade Investment Partners, has given in-principle approval to fund construction of an expanded waste treatment facility at Shenton Park.

WHILE the leafy western suburbs of Perth are set to benefit from a new waste disposal treatment facility, new figures suggest the state’s $1.74 billion recycling industry has plateaued.

Perth company AnaeCo has announced it will immediately start construction of an expanded waste treatment facility in Shenton Park after infrastructure fund manager, Palisade Investment Partners gave final investment approval for the project.

Listed company AnaeCo has resolved to focus on the commercialisation of its waste treatment technology, following the resignation of its founder Tom Rudas.

Perth-based waste management technology firm AnaeCo has announced the appointment of Patrick Kedomos as the successor to company founder Tom Rudas.

Perth-based waste processing firm AnaeCo has announced a board restructure to take effect by the end of November, including the retirement of its chairman Michael Dureau.

Perth-based waste management technology firm AnaeCo has announced a joint venture with Singapore’s Sindicatum Sustainable Resources to deploy its patented DiCOM system in Asia.

AnaeCo non-executive directors Shaun Scott, Les Capelli and Ian Campbell have continued to invest in the company, purchasing about 30 million shares in total to raise $1.5 million for the alternative waste technology solutions provider as part of a $2.5 million share placement. 

ANAECO chief Patrick Kedemos believes the waste industry is set to undergo a profound, technological shift in the next 20 years comparable to the rapid advances in telecommunications since the advent of the mobile phone.

Perth-based waste management technology firm AnaeCo has elevated its chief executive, Patrick Kedemos, to its board in the position of managing director.Chairman Shaun Scott said the company was pleased Mr Kedemos accepted the invitation to join the AnaeCo board.

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Engineering and construction contractor Monadelphous has taken a 10 per cent stake in a joint venture partner, waste management services company Anaeco.

PERTH-BASED AnaeCo is nearing the end of a 12-year journey to commercialise its patented waste management technology, DiCom.

Bentley-based AnaeCo has entered into an agreement with an east coast company to explore the possibility of installing its alternative waste treatment technology in Iraq.

Listed Perth company AnaeCo has announced plans for a $21.4 million rights issue pitched at lesss than half its current share price, as it seeks to complete its first waste treatment plant in Shenton Park.

Waste management technology company AnaeCo has kicked off a project definition study for a 200,000 tonne per year waste treatment plant in South Australia.

After dedicating two years to the drawn-out and incomplete commercialisation of AnaeCo’s waste-to-energy technology, managing director Patrick Kedemos is now leaving the company.

Perth-based AnaeCo has commenced waste material processing trials at its advanced waste treatment facility in Shenton Park almost a year after it had planned to begin processing activities at the plant.

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AnaeCo director Ian Campbell has lost control of his 6.5 per cent stake in the waste treatment company after the shares were used as security for separate loans.

Director Ian Lindsay Campbell has resigned from the AnaeCo board, just days after losing control of his 6.5 per cent stake in the waste treatment company.His shares were used as security for separate loans, with the proceeds advanced to other businesses he is associated with.

Engineering company Monadelphous Group has provided its joint venture partner AnaeCo with a $4.6 million loan facility to help fund the remaining cost of the company’s WMRC project in Shenton Park.

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Listed Perth company AnaeCo has achieved a significant milestone at its waste-to-energy plant in Shenton Park, with Western Power approving its connection to the electricity grid.

A local waste technology solutions company backed by Monadelphous Group has completed the biological ramp-up phase of commissioning its waste-to-energy plant in Shenton Park, nearly eight months behind schedule.

The operator of a waste treatment plant developed in Perth’s western suburbs with support from Monadelphous Group has been told it will no longer run the plant following the disclosure of further delays and warnings of increased costs.

Bayswater company Resource Recovery Solutions has become the largest processor of construction waste in Western Australia after buying out a facility from a major competitor, as the government finalises an incentive scheme designed to lift the state’s poor record in recycling.

Monadelphous Group and AnaeCo’s long-delayed waste treatment plant in Shenton Park has finally been given a completion date, with a short list of tasks to be finished by mid-April.

Monadelphous Group has restructured its interest in struggling waste technology company AnaeCo, with a debt for equity swap and loan sale that will see the Perth engineering firm emerge with a 30 per cent stake and a Chinese enterprise with a 55 per cent interest.

An ambitious waste recycling project using technology developed by ASX-listed AnaeCo and jointly built by contactor Monadelphous Group has gone into administration.

Three interconnected waste management businesses in Perth face a sudden change of fortune after Aurigen Group went into voluntary administration, a Thai company bought the Brockwaste plant in Shenton Park, and listed company AnaeCo positioned itself to work on the planned restart of the plant.

Darren Wasylucha has been appointed chief corporate officer of Australis Oil & Gas. Mr  Wasylucha is an experienced legal and commercial executive, having filled similar roles at Aurora Oil & Gas from 2011 to 2014.

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AnaeCo has ended its Administration and appointed a new board. Martin Casey, Craig Smith and Steven Nicols have been appointed directors, with Mr  Smith also taking on the role of company secretary.