The governments of Australia and Tasmania enter agreement to inject A$16m ($11.7m) to boost the latter’s recycling infrastructure. Credit: eltpics via flickr.

The Government of Australia has reached a A$16m ($11.7m) funding agreement to boost Tasmania’s recycling infrastructure.

Environment Federal Minister Sussan Ley and Tasmania Environment and Parks Minister Roger Jaensch signed A$11m ($8m) joint funding agreement between the Commonwealth and State Government.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Additionally, minister Ley said another A$5.5m ($4m) under the Morrison Government’s $190m Recycling Modernisation Fund (RMF) will be used to further develop the state’s plastic recycling.

Waste Reduction and Environmental Management Assistant Minister Trevor Evans said: “Tasmanians need to know that their waste is a valuable product, not a problem that needs to be solved or put into the ground.

“Our Recycling Modernisation Fund recognises that and will make sure that Tasmania reaps the benefits.” In July this year, the Government of Australia announced a A$190m ($132m) commitment to a new RMF to boost recycling in the country and transform the waste industry.

The investment is expected to generate jobs and reduce pressure on the environment.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

It will also help grow the state’s resource recovery sector and create a circular economy.

Ley said: “The Australian Government is investing in infrastructure to drive a $1bn transformation of our waste and recycling capability.

“Investing in the latest recycling technology just makes sense as Australia moves towards becoming a circular economy in which we shift the focus from ‘take, make, use and dispose’ to a more circular approach where we maintain the value of resources for as long as possible.”