Cth opens purse strings for scaleable recycling projects

New funding has been announced for recycling and clean energy projects under the Federal Government’s $1.3 billion Modern Manufacturing Initiative (MMI).

Initial applications will be limited to the “Translation and Integration” streams of the MMI, with expressions of interest for the larger “Collaboration” stream to open soon.

The MMI is intended to help manufacturers in six priority areas commercialise their products and operations, and integrate them into domestic and global supply chains.

Recycling and clean energy are the sixth and final of the priority areas to open for funding under the MMI. Investment in the sector will be guided by the Recycling and Clean Energy National Manufacturing Priority road map released this week to coincide with the opening of funding.

The road map highlights specific areas of investment opportunity, including:

  • recyclable products and packaging;
  • products made from recycled feedstock such as plastic or organic waste; and
  • hydrogen technologies, thermal energy, microgrids, inverters, specialised batteries, and low emissions steel and aluminium.

Funding will be provided on a dollar-for-dollar co-investment basis, with grants ranging from $1 million to $20 million.

Applications for grant funding close on 5 May.