Six Australian manufacturers have raised over $ 44 million from the Modern Manufacturing Initiative (MMI) for recycling and clean energy projects that will grow and scale their businesses while protecting the environment.
One of the MMI grants goes to Pact Group with $ 20 million to invest in technologies that increase the amount of recycled materials in locally made plastic packaging. It will create more than 900 jobs and divert around 125,000 tons of plastic waste from landfills every year.
Funding under the national recycling and clean energy priority will open up opportunities for Australian manufacturers to grow domestically and to other export markets, said Minister for Industry, Energy and Emission Reduction Angus Taylor.
“The government is taking action to reduce Australia’s emissions and secure our economic future, and our investments will help our manufacturers be part of the solution,” said Taylor.
“This funding will help some of our most innovative companies attract private investment, expand manufacturing opportunities and create new local jobs. This funding not only helps our companies adopt new technologies and increase their production, but also helps convert more of our waste into valuable products.
Other successful recipients of recycling and clean energy under the initiative include:
- Toshiba International (NSW), which will use its $ 9.8 million on its low-cost green hydrogen project.
- Mint Biomining (NSW), which with its $ 4.2 million in funding will help build the world’s first e-waste biorefinery in Australia to cleanly mine gold, copper, palladium and other valuable metals from the municipal mine.
- Woolpack Australia (VIC), which will use its $ 4.8 million to open its state-of-the-art wool manufacturing, processing and R&D facility to transform sheep’s wool waste into a sustainable packaging alternative to polystyrene.
- Elexsys R&D (QLD), which will use its $ 3.5 million funding to build a global manufacturing base for its power management system for solving voltage problems.
- 1414 Degrees (SA), which has its 2.2 million
The MMI is at the heart of the federal government’s $ 1.5 billion modern manufacturing strategy aimed at positioning Australia as a globally recognized, high-quality, sustainable manufacturing nation.
To learn more about the strategy and the MMI, visit www.industry.gov.au/manufacturing.