Receive our newsletter – data, insights and analysis delivered to you
  1. News
August 14, 2019

Australia announces $20m funding to boost plastic recycling industry

The Government of Australia has announced a $20m grant to accelerate the growth of the domestic plastic recycling industry.

The Government of Australia has announced a $20m grant to accelerate the growth of the domestic plastic recycling industry.

It will be provided through Round 8 of the government’s Cooperative Research Centres Projects (CRC-P) grants programme.

Prime Minister Scott Morrison said that the funding supports the government’s plan to set up a timeline to impose a ban on the export of waste plastic, paper, glass and tyres.

Each year, 103kg of plastic waste is generated per person in Australia, according to recent data. Of this, only 12% is recycled and is done so ‘mostly overseas’.

Morrison said: “We are committed to protecting our nation’s environment, while also building our capacity to turn recycling into products that people want and need.

“By engaging industry and researchers, we can make sure we’re seeing these changes introduced in a way that cuts costs for businesses and ultimately even creates jobs.”

Content from our partners
GMP: The food sector’s golden rules (and how they will evolve)
Food fraud in the supply chain (and how to fix it)
Cutting-edge innovation in fish packaging

Companies are required to apply for Round 8 by 24 September to access the funding.

Australia industry, science and technology minister Karen Andrews has said that the investment will create jobs, while reducing global plastic pollution.

Andrews added: “This funding will strengthen Australia’s recycling industry and help us achieve higher recycling rates.

“Boosting our onshore plastic recycling industry has the potential to create over three times as many jobs as exporting our plastic waste, ensuring a more sustainable and prosperous future.”

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The packaging industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU