VIC Govt makes $100M investment in recycling industry

VIC Govt makes $100M investment in recycling industry

The Victorian Government will invest $100 million into the state’s recycling system to drive research and expand local processing and manufacturing.

The investment follows a suite of additional announcements earlier this week, including the introduction of a container deposit scheme and roll out of a four-bin kerbside system.

Victorian Premier Daniel Andrews said the measures are part of the state’s 10-year Recycling Victoria plan, which aims to reform waste management and create sustainable industry.

The plan, Mr Andrews said, will create an additional 3900 jobs for the sector.

“The $100 million investment will help local businesses give new life to old rubbish – better processing recyclable materials and getting more value from waste by making it available for end-market uses like recycled plastic in railway sleepers or recycled glass in footpaths,” Mr Andrews said.

As part of the package, the state government will double funding for businesses to invest in infrastructure to sort and reprocess recyclables for use in manufacturing.

Mr Andrews said the $28 million infrastructure boost will bring the total funding available through the Recycling Victoria Infrastructure Fund to $56 million.

“The package includes $30 million in grants to make Victoria a leader in recycling innovation – creating new products from recycled materials like glass, plastic, organics, electronic waste, concrete, brick and rubber,” he said.

“The government will also provide $10 million in grants to help businesses improve resource efficiency, reduce waste and increase recycling in their daily operations – saving them time and money.”

A new $7 million Business Innovation Centre will also be established, to bring industry, universities and councils together to develop new technologies and collaborate on creative solutions to waste challenges.

“For waste that can’t be recycled, processors will also be able to access $10 million for waste-to-energy initiatives, minimising the amount of rubbish being sent to landfill, while $11.5 million will go towards treating hazardous waste – protecting the community from illegal chemical stockpiles,” Mr Andrews said.

According to Waste Management and Resource Recovery Association of Australia (WMRR) CEO Gayle Sloan, the Victorian Government is leading the way by committing significant new funds to the industry.

“WMRR is pleased that the Victorian Government has flagged infrastructure investment as part of this package,” she said.

“This will be key to driving success as we work with government to continue to grow markets domestically for these valuable resources.”

Ms Sloan said that with 14 million tonnes of waste generated annually in Victoria, the investment represents a fantastic opportunity to transition the state’s remanufacturing industry.

“WMRR acknowledges that a sustainable remanufacturing base will take time to develop in Victoria, and its success depends on robust government regulation and policy that support market development and community and business demand for recycled material, which will go a long way in providing industry with certainty to invest,” Ms Sloan said.

According to Ms Sloan, WMRR will continue to work closely with Victoria’s leaders to provide feedback and input on the projects, policies, and investment priorities that will drive the sector forward.

“Market development and remanufacturing demand cannot however be achieved by one state alone,” she said.

“As we head towards the COAG meeting next month and impending export bans, it is vital that there be national action on creating markets and demand for recycled products, this includes emphasis on design, a mandated product stewardship scheme for packaging and national specifications.”

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