Circular Economy Markets Fund: Investment Facilitation Grant – Funded projects

Last updated: 4 January 2023
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Number of recipients to date: 2
Total funding awarded to date: $980,000
All projects to be completed by: December 2023
Prior to 1 July 2022, this fund was named the Recycling Victoria Markets Acceleration Fund

The Investment Facilitation Grant funding addresses small scale financial barriers faced by businesses to invest in infrastructure that diverts waste from landfill, targeting identified niche markets and opportunities in the circular economy.

Fund recipients

Announcement date: 29 September 2022

Funded project – Recycling soft plastics into plastic crude oil
Project lead: APR Plastics
Status: In progress
Funding source: Circular Economy Markets Fund: Investment Facilitation Grant
Funding amount: $250,000
Funding to support APR Plastics to purchase and install a modular 5 tonne per day processing plant for converting kerbside flexible plastic waste into plastic crude oil, which will then be processed by a refinery back into a raw substance that can be used by the plastic manufacturing industry.
Manufacturing Circular economy Plastic recycling
Funded project – Chemical recycling feasibility study
Project lead: Qenos
Status: Completed
Funding source: Department of Jobs, Skills, Industry and Regions: Victorian Jobs and Investment Fund delivered by Sustainability Victoria
Funding amount: $730,000
Funding to support Qenos to deliver a feasibility study assessing the viability of establishing a chemical recycling facility of residual plastics back into the raw ingredient for circular plastic manufacturing.
Manufacturing Circular economy Plastic recycling

More information

This grant program is closed, but you can email us if you have any queries.

Contact:

grants.enquiries@sustainability.vic.gov.au
Back to all funded grants