Visy wants $300 million waste to power plant

Australian packaging giant Visy is seeking Government help to build a $300 million waste to energy project, according to the Australian newspaper.
As part of the project the company plans a $200 million, 75 megawatt waste to energy plant that would be the first of its kind in the country. Visy also plans to invest $100 million in the construction of several pellet facilities to turn garbage into fuel for the plant.
The company is seeking $100 million from the newly established Australian Renewable Energy Agency.
The newspaper said the plant was likely to be located next to Visy’s Tumut pulp and paper mill in the New South Wales high country.