Six Australian companies will share in $44 million in grant funding under the Government’s $1.3 billion Modern Manufacturing Initiative (MMI) to grow and scale their businesses while protecting the environment.
Among the grant recipients is rigid plastics packaging manufacturer Pact Group, which is investing in world leading recycling technology to create more than 900 jobs and divert around 125,000 tonnes of plastic waste from landfill per year.
MSW-based Toshiba International (NSW) will use its $9.8 million in funding for its low-cost green hydrogen project.
Mint Biomining, also based in NSW, received $4.2 million in funding to help create the world’s first e-waste biorefinery in Australia, to cleanly recover gold, copper, palladium and other valuable metals from the urban mine.
Victorian company Woolpack Australia has been awarded $4.8 million to open its state of the art, wool manufacturing, processing and R&D facility to turn sheep wool waste into a sustainable packaging alternative to polystyrene.
Queensland based Elexsys R&D (QLD), which secured $3.5 million in funding, is establishing a global manufacturing base for its power management system to solve voltage problems.
South Australia’s 1414 Degrees will use its $2.2 million in funding to develop its silicon based thermal energy storage solution.
Minister for Industry, Energy and Emissions Reduction Angus Taylor said the funding would help the innovative businesses unlock private investment, drive more opportunities in manufacturing as well as create new local jobs.
“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,” Minister Taylor said.
“This funding will help some of our most innovative businesses unlock private investment, drive more opportunities in manufacturing as well as create new local jobs.
“While helping our businesses embrace new technology and scale up their production, this funding will also help to turn more of our waste into valuable products.”
