Local recycling company receives cash boost
In great news for our local recycling industry, family-owned Geelong business GT Recycling has just been awarded a $3 million state and federal grant to be put towards their $4.7 million expansion. This will see the company able to process a massive extra 8,000 tonnes of plastic per year.
The grant is part of the federal Recycling Modernisation Fund and the Victorian Government’s Recycling Victoria program. While contributing to the mission of achieving a circular economy, it will have a number positive effects including more jobs for the region and a better outcome for the environment.
Victorian environment minister Lily D’Ambrosio said the grant would help GT to “install world-leading technology to recover a range of plastics from discarded agricultural plastic including plant pots, shade cloths, and tarps.”
Another positive step towards achieving a circular economy, the grant will mean that more plastic and other recycled materials will be brought back to life and see another day by being made into new recycled products.