• Image: Getty
    Image: Getty
  • Image: Getty
    Image: Getty
  • Image: Getty
    Image: Getty
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The Australian government announced Monday that it would commit $190m to a new recycling modernisation fund (RMF).

The government said the fund would generate $600m in recycling investment, create 10,000 jobs, and divert more than 10 million tonnes of waste from landfill. Commonwealth funding is to be contingent on co-funding from industry, states, and territories.

The fund is to support innovative investment in new infrastructure to sort, process, and remanufacture materials such as mixed plastic, paper, tyres, and glass.

Other initiatives that the Australian government is pursuing to transform the country's waste and recycling system include:

  • A $35m pledge to implementing Commonwealth commitments under Australia’s National Waste Policy Action Plan, which sets the direction for waste management and recycling in Australia until 2030.
  • A $24.6m commitment to improve Australia’s national waste data so it can measure recycling outcomes and track progress against our national waste targets.
  • The introduction of new Commonwealth waste legislation to formally enact the government’s waste export ban and encourage companies to take greater responsibility for the waste they generate, from product design through to recycling, remanufacture or disposal (product stewardship).

The moves are part of a national strategy to change the way Australia looks at waste, grow our economy, protect the environment and reach a national resource recovery target of 80 per cent by 2030. They also come ahead of the COAG ban on exporting waste plastic, paper, glass, and tyres, which will come into full effect in 2024.

Minister for the Environment Sussan Ley said the waste and recycling transformation will reshape Australia’s domestic waste industry, create jobs, and put valuable materials back into the economy.

“Australians need to have faith that the items they place in their kerbside recycling bins will be re-used in roads, carpet, building materials and a range of other essential items. At the same time, we need to stop throwing away tonnes of electronic waste and batteries each year and develop new ways to recycle valuable resources,” she said.

“As we pursue National Waste Policy Action Plan targets, we need manufacturers and industry to take a genuine stewardship role that helps create a sustainable circular economy. This is a once in a generation opportunity to remodel waste management, reduce pressure on our environment and create economic opportunity.”

Assistant Minister for Waste Reduction and Environmental Management Trevor Evans said the expansion of Australia’s recycling capacity followed close consultation with industry.

“Our targeted investment will grow Australia’s circular economy, create more jobs and build a stronger onshore recycling industry,” he said.

“Australian companies are turning plastics and household waste into furniture, decking, fencing and clothing, and we are developing new domestic markets for recycled materials by setting national standards for recycled content in roads and making recycled products a focus of procurement for infrastructure, defence estate management and general government purchasing.”

Evans said the targeted investment would grow Australia’s circular economy and build a stronger onshore recycling industry.

“Companies are already moving, with The Pact Group announcing a $500m investment in facilities, research, and technology; Coca-Cola Amatil committing to new recycling targets; and Pact, Cleanaway, and Asahi Beverages establishing a $30m recycling facility in Albury.”

Food & Drink Business

The Australian National University (ANU) Agrifood Innovation Institute has partnered with not-for-profit organisation, Cellular Agriculture Australia (CAA), to bring the future of food to the nation’s capital. Made & Grown: The Future of Food will take place in Canberra on 21 August, spotlighting the biotechnologies shaping the Australian food system.

The team that shook up Australia’s cracker market segment is back, this time with the snack category in its sights. After selling Gourmet Food Holdings and brands including OB Finest and Olina’s Bakehouse to Mondēlez International in early 2021, the seasoned FMCG operators have launched SnackHQ and its first brand, ReFil.

Victorian food manufacturer and distributor, Katoomba Global Foods (KG Foods), has acquired Paris Creek Farms (PCF) from Maggie Beer Holdings (MBH), three years after the company first announced it would offload its dairy assets.