May 29, 2018
The Victorian Government has announced a new $2.5 million fund to help develop markets for Victoria’s recyclable waste, and boost research and development into recycling.
The Resource Recovery Market Development Fund will be managed by Sustainability Victoria and support researchers and industry in finding new ways to use recovered resources.
An early recipient is road builder Downer which has received $67,000 from the fund to trial an asphalt mix containing recycled plastic bags, printer cartridges and glass in road surfacing.
Downer estimates that up to 15 per cent of asphalt could contain soft plastics and that up to 10 million tonnes of recyclable waste could be diverted from landfill every year using their new approach.
Sustainability Victoria has also provided Close the Loop with $40,000 for equipment to develop the plastic additive used in the asphalt mix.
Applications for the Resource Recovery Market Development Fund will open in July.