Six Australian companies will share in grants totalling $1.3 billion as part of the Modern Manufacturing Initiative (MMI) to upscale their businesses and find waste solutions.
The funding includes $20 million for Pact Group, to invest in world leading recycling technology, create more than 900 jobs and divert about 125,000 tonnes of plastic waste from landfill per year.
Angus Taylor, Minister for Industry, Energy and Emissions Reduction said the funding for the Recycling and Clean Energy National Manufacturing Priority will help spur opportunities for manufacturers to grow at home and into other export markets.
“This funding will help some of our most innovative businesses unlock private investment, drive more opportunities in manufacturing as well as create new local jobs,” Taylor said.
“While helping our businesses embrace new technology and scale up their production, this funding will also help to turn more of our waste into valuable products.”
Toshiba International (New South Wales) received $9.8 million in funding as part of the initiative for its low-cost green hydrogen project.
Mint Biomining (NSW) will use $4.2 million in funding to help create the world’s first e-waste biorefinery in Australia, to cleanly recover gold, copper, palladium and other valuable metals from the urban mine.
Victorian-based Woolpack Australia has $4.8 million to open a state-of-the-art, wool manufacturing, processing and R&D facility to turn sheep wool waste into a sustainable packaging alternative to polystyrene.
Elexsys R&D in Queensland has secured $3.5 million to establish a global manufacturing base for its power management system to solve voltage problems, while 1414 Degrees in South Australia will use $2.2 million to develop its silicon-based thermal energy storage solution.
The MMI is the centrepiece of the government’s $1.5 billion Modern Manufacturing Strategy, designed to position Australia as a globally recognised, high-quality and sustainable manufacturing nation.
For more information, visit: www.industry.gov.au/manufacturing