TyreCycle Gains Funding

Australia TyreCycle

South Australia’s recycling industry will receive its biggest ever investment with eight new projects worth $111 million announced to build and modernise key infrastructure.

$111 million boost for SA recycling industry sees TyreCycle awarded $962,000

South Australia’s recycling industry will receive its biggest ever investment with eight new projects worth $111 million announced to build and modernise key infrastructure.

The projects will create hundreds of jobs, thanks to $35.3 million of joint state and Australian Government funding under the Recycling Modernisation Fund (RMF).

This dramatically boosts the state’s ability to process waste in the wake of the bans on the export of unprocessed waste plastic, paper and cardboard, glass and tyres.

Federal Minister for Environment Sussan Ley said the eight new projects are expected to create more than 500 jobs and will divert over 205,000 tonnes of waste resources back into the manufacturing of valuable new Australian made products.

“These kinds of high-tech projects build the infrastructure that will power the circular economy in Australia, improving our ability to process our own waste and creating local jobs,” Minister Ley said.

“Taking responsibility for our waste means meeting this challenge, and that is why the Morrison Government is driving a $1 billion transformation of our waste and recycling industry, including $190 million for a Recycling Modernisation Fund that will leverage over $600 million in total investment to turbocharge our waste and recycling industry’s infrastructure.

South Australian Minister for Environment and Water David Speirs joined Federal Assistant Minister for Waste Reduction and Environmental Management Trevor Evans at the Northern Adelaide Waste Management Authority (NAWMA) to announce the eight South Australian projects.

“The Marshall Liberal Government is proud to be working closely with the Morrison Government to deliver the most significant investment in South Australia’s recycling industry ever seen to build key infrastructure projects creating up to 500 jobs across the state,” Minister Speirs said.

Recycling requires large and expensive facilities however there are significant benefits beyond creating new jobs. For example, recycled paper uses up to 90% less water and 50% less energy than making new paper from virgin materials.

Australia was the first country in the world to ban the export of its unprocessed waste for disposal overseas and we now lead the world in taking responsibility for our own waste.”

The Australian Government’s $190 million Recycling Modernisation Fund investment, and measures to support Australia’s National Waste Policy Action Plan, will create approximately 10,000 new jobs all around Australia over the next ten years.

The list of projects announced, co-funded by Australian and South Australian governments included $962,000 for TyreCycle to improve their tyre recycling plant in Lonsdale to deliver export quality products that comply with waste export bans on unprocessed tyres coming into effect in December this year. (Total project value: $1,624,000)

About the author

Ewan has been editor of Retreading Business since 2006 and of Tyre & Rubber Recycling since the magazine was founded. During this period he has become an expert on the global tyre recycling sector. He has many years' experience as an automotive journalist including a period at Tyres & Accessories.

Email: ewan.scott@tyreandrubberrecycling.com

 

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