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Verbrec awarded Asset Capital Replacement Program

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The Verbrec Asset Management team has recently been awarded Asset Life Cycle Replacement Plans by Australia’s largest food processing company in Townsville.

The original facility was built in Townsville in the early 1950’s and then relocated in the early 1960’s to its current location due to flooding. Much of the equipment and infrastructure is now at the end of its useful life. The work will cover all equipment and infrastructure at the facility.

The project will be executed over two major phases and will deliver:

  • An asset register of all major assets on the site
  • Process flow diagrams and asset hierarchy
  • A breakdown of the major components by asset
  • A condition assessment for each asset
  • The recommended maintenance strategy for each unit
  • Equipment grouping by Asset Class
  • 10YR Asset life-cycle replacement plans each group

Verbrec Asset Management General Manager, Dominic Wood said this is our first engagement with this client and supports Verbrec Asset Management’s industry diversification initiative.

“This opportunity gives Verbrec Asset Management the ability to diversify and establish itself as a leading service provider in this growing industry. The potential for growth in this sector is significant, with the client alone operating 75 assets across Australia.”

The project will provide the client with a 10-year replacement plan for equipment and infrastructure on the site that will allow them to budget and plan major capital expenditure on site.

In addition, the site will have a structured asset register to use in the future development of maintenance strategies for the asset.

Verbrec is a leading engineering, asset management, infrastructure, and training services provider, operating across the entire asset life cycle.

With capabilities that range from concept design to end-of-life management, Verbrec is uniquely positioned to support clients in their energy transition goals.

Verbrec brings together more than three decades of experience in engineering and operational services to the energy, infrastructure and mining sectors.

Earlier in 2023, Verbrec was awarded the pre-feasibility study for the Mid-West Shared Infrastructure project (MWSIP) in Western Australia.

In June 2023, the Verbrec New Zealand team was awarded the Broadlands Biogas Upgrade design for First Renewables Limited (FRL), as part of the Firstgas Group.

The company has also recently showcased its capabilities through two water infrastructure projects and a pre-feasibility study for an Energy Evolution Hub in Queensland.

Most recently, Verbrec was awarded the Shoalhaven Starches Bomaderry Gas Pipeline (SSBGP) operation and maintenance contract.


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