MANILA, Philippines — The Ayala Group’s property arm has teamed up with the waste management unit of Razon-led Prime Infrastructure.
Ayala Land Inc. (ALI) and its real estate investment trust, AREIT Inc., have finalized an agreement with Prime Integrated Waste Solutions (PWS) to have their waste processed at an advanced resource recovery facility in Cebu.
“We are especially proud to note that this (partnership) will secure ALI’s position as the largest office portfolio to commit to a circular economy approach,” ALI head of leasing and hospitality Mariana Zobel said.
AREIT president and CEO Carol Mills echoed this view, saying the agreement would also help mitigate the group’s environmental footprint as they integrate sustainability into their office developments.
Since last month, the waste produced by eight AREIT office buildings has been brought to the Cebu facility, where PWS undertakes a sustainable waste management process focused on resource recovery.
PWS is said to be utilizing state-of-the-art equipment in its facilities to maximize the recovery of about 80–90 percent of waste received, which can be reused later for waste value creation activities.
“We are delighted to collaborate with ALI and AREIT as they share our commitment to innovative waste management solutions that will drive a cleaner and more sustainable future for all stakeholders,” Prime Infrastructure waste sector lead Cara Peralta said.
Prime Infrastructure president and CEO Guillaume Lucci, for his part, said the collaboration is aligned with the government’s efforts to combat climate change and prepare the country for climate adaptability challenges.
“With that, we are focused on providing quality service for ALI. 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 added.
According to Prime Infrastructure, the Ayala-led firms are looking to expand their partnership with PWS to their other commercial properties.
Aside from Cebu, PWS also operates the P1-billion waste management facility in Porac, Pampanga, that can handle a capacity of up to 5,000 tons of waste a day.