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Australian chemistry industry welcomes new investment in advanced recycling technology - 21 March 2022

Chemistry Australia welcomes Federal Government plans to invest in advanced recycling technology through a new $60 million stream of the Recycling Modernisation Fund.

Chemistry Australia CEO Samantha Read said the new funding opportunity will help stimulate business investment in new technologies to create jobs, grow the economy, and increase recycling of a greater range of used plastic products at their end of life.

“The $60 million funding announced by the Federal Government is a great step towards building an advanced recycling industry in Australia,” said Ms Read.

“The Recycling Modernisation funding will support local manufacturers to invest in new technologies that will transform the way Australia manages its valuable plastic resources.”

“Advanced recycling technologies are key to strengthening Australia’s plastics circular economy, allowing a range of waste plastics not captured by existing processes to be upcycled into new plastics. 

CSIRO research has shown advanced recycling has the potential to significantly improve Australia’s plastics recycling and reduce the amount of plastic waste going to landfill, while helping Australia achieve its national waste policy objectives and recycling targets.

“We look forward to working with the Federal Government and other stakeholders to grow Australia’s advanced recycling capability.”

 

Media contacts:

Shayna Welsh – swelsh@chemistryaustralia.org.au or 0448 660 443 

Chemistry Australia is the pre-eminent national body representing the Australian chemistry industry, one of the largest manufacturing sectors in the country. The industry supports more than 212,000 full time jobs and contributes more than $38 billion to Australia’s GDP. Members of Chemistry Australia are positioned across the entire value chain including manufacturers, importers and distributors, logistics and supply chain partners, raw material suppliers, fabricators, compounders, recyclers, research, academia and service providers to the industry. These businesses range from small family-owned companies to leading national and multinational enterprises.


 

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