iQRenew
iQRenew is an Australian recycling and resource recovery company that operates three NSW processing facilities — an MRF, the SPEC soft-plastics plant, and the Virtual Quarry glass-to-sand facility — serving 1M+ households through council contracts and selling recycled feedstock to Australian manufacturers.
- Company typePrivate
- Founded2017
- HeadquartersWyong, Australia
- Headcount101–250
- GTM typeB2B
- OfferingServices
What iQRenew does
iQRenew Pty Ltd is an Australian privately held recycling and resource recovery company founded in 2017 by CEO Danny Gallagher. It operates three purpose-built facilities in New South Wales: a Materials Recovery Facility (MRF) on the NSW Central Coast that sorts and bales kerbside yellow-bin recyclables (rigid plastics, paper, cardboard, glass, aluminum, metals); the SPEC (Soft Plastics Engineered Commodity) facility near Taree — described as Australia's first and largest purpose-built post-consumer soft plastic processing plant — which uses mechanical recycling to produce spec pellets, spec flake, and spec shred; and the Virtual Quarry in Wyong, which uses air separation, a vertical shaft impactor for sand-on-sand processing, a rotary dryer achieving sub-1% moisture, and a figure-eight sieve to produce five grades of glass-sand meeting NSW EPA, Brisbane TMR, and RMS specifications. The MRF integrates the CurbyIt QR-tag system for kerbside soft plastics capture.
The business operates a dual-revenue model: (1) processing-fee income from partner local government councils under multi-year kerbside collection contracts across NSW (spanning north of Sydney Harbour Bridge, coast to Foster Tuncurry, inland to Tamworth, and South Coast regions), serving 1M+ households and diverting 99,000+ tonnes from landfill annually; and (2) direct material sales of processed recyclables, glass sand, and soft-plastic feedstock to Australian manufacturers, with named flagship offtake partners including AusPost, Woolworths, and TrendPac. The company holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, and in 2025 secured $9.1M AUD in government infrastructure funding to scale soft-plastics capacity.
iQRenew firmographics
Firmographics- Name
- iQRenew
- Legal name
- iQRenew Pty Ltd
- Website
- https://iqrenew.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- iQRenew is an Australian recycling and resource recovery company that operates three NSW processing facilities — an MRF, the SPEC soft-plastics plant, and the Virtual Quarry glass-to-sand facility — serving 1M+ households through council contracts and selling recycled feedstock to Australian manufacturers.
- Ownership category
- akta.pro rank
iQRenew industry classification
Industry- Product category
- Recycling and Resource Recovery Services
- NAICS
- Materials Recovery Facilities (562920)
- SIC
- Refuse Systems (4953)
- akta.pro primary industry
- Single-Stream MRFs (Residential Curbside) (EUAIADAA)
Keywords
Where iQRenew is headquartered
LocationHeadquarters
- HQ city
- Wyong
- HQ country
- Australia
- HQ region
- Oceania
Offices3 records
Markets served
iQRenew business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales
Revenue model
- Council Recycling Processing Services: iQRenew processes recyclables collected from households via kerbside yellow bins for partner councils. Services span homes north of Sydney Harbour Bridge, along the coast to Foster Tuncurry, inland to Tamworth, and some South Coast councils. Revenue generated through processing fees from local government contracts.
- Recycled Material Sales: Sale of processed materials including glass sand (five grades), soft plastic products (pellets, flake, shred), and primary processed recyclables (rigid plastic, paper, cardboard, aluminum, metals) to manufacturers.
- Circular Economy Solutions: Providing Australian manufacturers with recycled content for products and packaging, enabling circular economy outcomes for customers.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
iQRenew product offering
Product offeringCore offering
iQRenew operates advanced waste recovery facilities that sort and process kerbside recyclables from over 1 million NSW households through its Materials Recovery Facility (MRF), then converts the outputs into valuable manufacturing inputs via two secondary processing plants: the SPEC facility for post-consumer soft plastics (producing spec pellets, flake, and shred) and the Virtual Quarry for turning recovered glass into five grades of manufactured glass sand. Revenue is generated through council processing fees and direct material sales to Australian manufacturers.
Product overview
iQRenew is an Australian recycling and resource recovery company offering a platform of integrated waste processing services. The core offering consists of three facilities: the Materials Recovery Facility (MRF) for primary sorting and processing of kerbside recyclables, the SPEC (Soft Plastics Engineered Commodity) Facility for secondary processing of soft plastics into feedstock products (spec pellets, spec flake, spec shred), and the Virtual Quarry for converting recovered glass into glass sand. These facilities work together to divert materials from landfill and supply processed materials to manufacturing partners, enabling a circular economy approach to resource recovery.
Differentiator
Problem solved
Functional benefit
Products and services
- Materials Recovery Facility (MRF) Services Primary processing service for NSW local government councils: sorts and bales kerbside yellow bin recyclables including rigid plastics, paper, cardboard, glass, aluminum, and metals for over 1 million households across NSW (from north of Sydney Harbour Bridge along the coast to Foster Tuncurry, inland to Tamworth, and the South Coast).
- SPEC Facility (Soft Plastics Engineered Commodity) Processing Services Mechanical recycling processing service for post-consumer soft plastics at Australia's first purpose-built facility of its kind, located near Taree on the Mid-Coast of NSW. Processes soft plastics by polymer type and color to produce spec pellets, spec flake, and spec shred for manufacturing applications.
- Virtual Quarry Glass Processing Services Secondary processing service at iQRenew's Virtual Quarry in Wyong on the NSW Central Coast that converts glass recovered from kerbside collections into manufactured glass sand for civil and construction applications.
- Primary Processed Recyclable Materials Baled and consolidated recyclable streams sold to offtake partners for remanufacturing, including 8,000 tonnes of rigid plastic per year plus paper, cardboard, aluminum, metals, and glass.
- Soft Plastics Feedstock (spec pellets, spec flake, spec shred) Three 100% post-consumer soft plastic products made locally in Australia from the SPEC facility: spec pellets for chemical, mechanical, and injection moulding; spec flake for extrusion and compression moulding; and spec shred for further re-processing.
- Glass Sand High-quality manufactured glass sand available in five grades (Coarse, Medium, Fine, Superfine, and Moondust) produced from kerbside glass via the Virtual Quarry. Serves as a substitute for natural sand in civil and construction applications, meeting NSW EPA Recovered Glass Sand Order and Brisbane TMR specification MRTS36.
Quantifiable outcome
- 1 million+ households serviced with recycling processing
- +3 more outcomes
Companies that use iQRenew
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles2 records
iQRenew technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
iQRenew partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and flagship.
- Curby / CurbyItcoreCollaboration with CurbyIt for soft plastics collection from households. Residents place soft plastics in sealed bags with Curby QR tags in their yellow lid recycling bins. Bags are separated at MRF and processed at SPEC facility.
- TrendPaccoreCentral Coast-based company that collaborated to recycle soft plastics into homecare product packaging, marking a national first. Soft plastics processed into resin pellets incorporated into packaging solutions.
- Australian Local Government CouncilscorePartner councils deliver kerbside recyclables to iQRenew's MRF facility for processing. Service spans areas north of Sydney Harbour Bridge, coast to Foster Tuncurry, inland to Tamworth, and South Coast region.
- Australian ManufacturerscoreManufacturing partners who purchase recycled material (spec pellets, flake, shred) from iQRenew to make products including fence posts, bottles, bins, and packaging.
- Woolworths GroupflagshipReferenced in Woolworths 2025 Sustainability Report (page 35) regarding soft plastics recycling collaboration and circular economy initiatives.
- AusPostflagshipAusPost satchels now use iQRenew recycled soft plastic, demonstrating successful circular economy partnership for sustainable packaging.
- NSW State GovernmentcoreNSW government funding initiatives to improve recycling of hard-to-recycle plastics, including strategic investments in recycling infrastructure.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
iQRenew competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key highlights7 records
Customer concentration
iQRenew social profiles
Digital presenceiQRenew compliance and trust
Trust signalCompliance3 records
iQRenew financial estimates
Financial estimateRevenue estimate
Valuation estimate
iQRenew leadership team
Management profileNumber of profiles
Profiles8 records
iQRenew funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
iQRenew M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about iQRenew
What does iQRenew do?
iQRenew operates advanced waste recovery facilities that sort and process kerbside recyclables from over 1 million NSW households through its Materials Recovery Facility (MRF), then converts the outputs into valuable manufacturing inputs via two secondary processing plants: the SPEC facility for post-consumer soft plastics (producing spec pellets, flake, and shred) and the Virtual Quarry for turning recovered glass into five grades of manufactured glass sand. Revenue is generated through council processing fees and direct material sales to Australian manufacturers.
Is iQRenew a public or private company?
iQRenew is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was iQRenew founded?
iQRenew was founded in 2017. It employs 101 to 250 people.
Where is iQRenew based?
iQRenew is headquartered in Wyong, Australia, in the Oceania region.
How does iQRenew make money?
Three revenue lines are on record. Council Recycling Processing Services are the primary driver. The others are recycled Material Sales and circular Economy Solutions.
Does iQRenew have an API?
No public API is recorded for iQRenew.
What industry is iQRenew in?
iQRenew's product category is Recycling and Resource Recovery Services. Its primary akta.pro industry code is EUAIADAA, Single-Stream MRFs (Residential Curbside). Its NAICS code is 562920 and its SIC code is 4953.