Property developer Ayala Land Inc. (ALI) and its real estate investment trust AREIT Inc. (AREIT) teamed up with Prime Integrated Waste Solutions (PWS) to have their waste processed at an advanced resource recovery facility.
Prime Infra president and chief executive Guillaume Lucci and ALI head of leasing and hspitality Mariana Zobel de Ayala signed the agreement.
Under the deal, waste generated by eight office buildings owned by AREIT were brought to PWS Cebu’s facility in Barangay Binaliw, Cebu City for processing.
Using state-of-the-art equipment, PWS implements a sustainable waste management process focused on resource recovery.
“The municipal solid waste and industrial waste is really a crisis in the country―a very significant crisis, social and environmental, among others. The release of methane has had tremendous impact on climate and thus, Prime Waste Solutions and Prime Infra are making efforts to industrialize waste management at the national level,” Lucci said.
“All of these are aligned with the government’s efforts to fight climate change and prepare the country for the challenges of climate adaptability…With that, we are focused on providing quality service for Ayala Land. We’re going to provide it in a very sustainable and socially relevant way, and we very much look forward to a long-lasting relationship,” he said.
PWS, a subsidiary of Razon-led Prime Infra, uses state-of-the-art equipment in its materials recovery facilities (MRFs) to maximize resource recovery, thus minimizing landfill use.
The strategy ensures that about 80 percent to 90 percent of every ton of waste received will be reused for waste value creation activities, including the production of refuse derived fuel (RDF) and resale.
“We’re very grateful for the help of Prime Integrated Waste Solutions’ state-of-the-art facility in Cebu,” said Zobel de Ayala. “We are especially proud to note that this [partnership] will secure Ayala Land’s position as the largest office portfolio to commit to a circular economy approach.”
“Today’s milestone not only celebrates the partnership between Ayala Land, AREIT, and Prime Integrated Waste Solutions, but also continues to set new standards for responsible and sustainable development aspirations for our country,” she said.
