Razon-led Prime Infrastructure Capital Inc. (Prime Infra) will modernize the waste management facility in Cebu City, which is targeted to match the quality and caliber of materials recovery facilities (MRFs) of developed countries, including ASEAN-neighbor Singapore.
Via its subsidiary Prime Integrated Waste Solutions, Inc. (PIWSI), the company said in a statement that it will fully acquire ARN Central Waste Management, Inc. (ACI), which currently manages around 1,000 tons of Cebu’s municipal solid wastes on a daily basis.
According to Prime Infra, “ACI in Cebu City is the first waste management business that Prime Infra is developing and upgrading.”
Following that, the onward target of PIWSI would be “to break ground on waste management facilities focusing on resource recovery in other strategic parts of the country within the next two years.”
The company said it will “immediately address methane emissions, prevent ocean, water, and air pollution through efficient waste management, and enhance the quality of life in surrounding communities by supporting critical infrastructure in Cebu.”
Cara Peralta, market sector lead for Waste at Prime Infra, specified that the company is “looking forward to working closely with the local government of Cebu City to successfully achieve our strategic objectives and make the city a showcase for waste-to-value initiatives in the country.”
PIWSI noted its venture on waste management facility complements the investment trajectory being pursued by its affiliate company in the Razon group – that is WasteFuel, an entity which is into conversion of organic waste and agricultural feedstock into fuels such as green methanol and aviation fuel.
The Razon firm emphasized that “WasteFuel is targeting to develop its first biorefinery in Cebu City,” although project blueprint has not been unveiled yet at this time.
The preliminary plan of WasteFuel that was announced by the Razon group last year was its proposed biorefinery in Luzon, which has been initially targeted for commercial completion in 2025.
As stipulated, the biorefinery will have capacity to convert more than one million tons of municipal wastes into 30 million gallons of low-carbon synthetic crude oil (syncrude) annually – and the initial targeted market will be end-users in the aviation industry.