$8 million in funding available to deliver recycling solutions
A new round of funding is open for projects that will expand Victoria’s recycling industry – with $8 million available for industry, local government, not-for-profits and social enterprises.
The projects funded through the Victorian Circular Economy Recycling Modernisation Fund (CERMF) will improve recycling in Victoria by upgrading infrastructure, technology and processing capacity, and increasing the amount of recycled materials being made into new products.
Sustainability Victoria’s Interim CEO Matt Genever said, “The CERMF is accelerating Victoria’s circular economy by building the capacity and capability of the resource recovery sector to improve recycling outcomes.
“This funding boost will build on more than $64 million in joint Australian and Victorian government funding already awarded to 20 infrastructure projects across Victoria.”
Previous rounds of the CERMF has seen funding for processing hard to recycle products like coat hangers and bumper bars, creating concrete slab foundations from 100 per cent recycled plastic and building and expanding recycling facilities.
Plastic recycler Martogg is transforming bottles from our recycling bins into clean, food-grade plastic that can be reused.
With support from the CERMF, Martogg has invested in new technology to identify and sort different bottles, grind them into plastic flakes and thoroughly wash them, resulting in recycled plastic that is 99.5 per cent pure.
The Victorian Government’s funding is a part of its $515 million investment to transform the state’s waste and recycling sector, including $380 million under the government’s circular economy policy Recycling Victoria: a new economy. The Australian Government is contributing funding as part of its $190 million Recycling Modernisation Fund.
Applications for Round 4 of the Victorian Circular Economy Recycling Modernisation Fund close Friday 11 August 2023.
For more information visit Circular Economy Modernisation Fund - Round 4.