Brisbane-based climate tech startup Cyclion signed a deal with the National Development Company (NDC) for a $3-million pioneering waste-to-energy project in the Philippines.
The NDC, a unit of the Department of Trade and Industry (DTI), said it is committed to supporting projects that contribute to the improvement of the local economy.
“The Philippines and Australia share a strong economic partnership, and we see even greater opportunities in the future. By strengthening the collaboration between our public and private sectors, we can unlock new avenues for growth and innovation in key sectors like agriculture, education, critical minerals, and clean energy,” said Trade Secretary Alfredo Pascual.
Cyclion and the NDC signed a memorandum of understanding (MOU) as a measure of commitment to the project during the state visit of President Marcos to Australia in March 2024.
The MOU was a crucial step for the establishment of Cyclion’s first processing plant in Manila, intended to commercially operate by end-2024.
The state-of-the-art plant will employ Cyclion’s cutting-edge technology, transforming biowaste into clean-burning fuel.
The project is expected to boost the Philippines’ efforts in achieving sustainable and innovative waste management solutions.
The facility’s modular design outlines an impressive capacity of processing 900 metric tons (MT) of waste daily, highlighting its scalability and adaptability to handle varying waste volumes.
“NDC is eager to work with Cyclion towards a cleaner future. Our joint efforts will advance waste management solutions, contributing to the national agenda on energy security and environmental sustainability,” NDC general manager Antonilo Mauricio said.
Cyclion founder and chief executive Philip Major commended the Philippines’ proactive approach to environmental challenges.
“Cyclion values the Philippines’ forward-thinking approach to solve waste management challenges. We are excited to work on this partnership and contribute to the country’s sustainable future with our innovative and sustainable solutions,” he said.
The booming waste-to-energy market is expected to surpass $68 billion annually by 2030, and Cyclion is poised to receive its share of the market after years of research and development to create its innovative technology.