The Circular Plastics Taskforce (CPT) has secured financial assistance from the Canadian government’s Ministry of Economy and Innovation (MEI) to resume a recycling project.

The organisation has received more than C$500,000 ($399,904) from MEI, which marks the official start of the project’s second phase.

The funding will allow the CPT to launch its first pilot projects of Phase II, as well as support the coordination of all planned activities.

A collaborative effort between various organisations, the CPT encourages the implementation of a circular economy for post-consumer plastics.

The initiative aims to identify and implement optimisation solutions to better align the needs of end markets for recycled resins and the recycling value chain.

In a statement, CPT’s steering committee said: “We are very happy to be able to count on this significant support from the MEI, which allows us to implement concrete actions in the form of pilot projects that include process monitoring and procedure improvement scenarios.

“Like the MEI, the CPT relies on technological innovation as a driver of change and thus wishes to act as a catalyst to accelerate the establishment of a circular economy for plastics.”

The CPT was founded in 2020 and consists of several major food, beverage and packaging companies.

These include Cascades, Danone Canada, Dyne-a-pak, Keurig Dr Pepper Canada and TC Transcontinental, as well as the Chemistry Industry Association of Canada (CIAC) and Éco Entreprises Québec (ÉEQ).

In September last year, the group completed the first phase of its project, which involved comprehensively mapping the value chain of Québec’s plastics recycling industry.

For Phase II, the CPT aims to implement or support projects that will optimise the recycling of all plastic packaging.

Earlier this year, the Canadian government started a consultation on a proposed regulation to establish a minimum recycled content requirement for certain plastic items.