Minister for Industry and Innovation Ben Carroll announced the recipients of the latest round of the Low Carbon Manufacturing Grants Program, an initiative designed to help Victorian firms compete in a low-carbon economy while boosting the state’s supply chain resilience.
Nine local manufacturers will split a total of $1.4 million in funding, with companies receiving between $50,000 and $250,000, the government revealed in a media release.
The funds will be used to buy or develop new equipment as well as skills or technology that will enable them to make products or components that support the transition to net zero emissions.
One of the beneficiaries is Baywater-based Gasco, a manufacturer of thermal oxidisers, waste heat recovery systems, and energy-efficient industrial heaters.
Other grantees include SmarterLite, which will produce LED exit signs using battery replacement technology to drastically cut power use, and CMBR, which will buy a mobile pyrolysis unit to partially replace natural gas used in making recycled steel bars.
Minister for Manufacturing Sovereignty Ben Carroll lauded the winners of the grants program that will aid manufacturers in taking advantage of opportunities.
“We’re helping Victorian manufacturers maximise opportunities in a low carbon economy, putting the state at the forefront of advanced manufacturing and creating high-value jobs for tomorrow,” the minister said.
Minister for Climate Action Lily D’Ambrosio pointed out that Victoria is not just talking about climate action, but is also taking genuine and meaningful efforts toward net zero emissions.
Meanwhile, Member for Bayswater Jackson Taylor also commented on the recent announcement, saying the region is backing innovative local companies like Gasco to support the transition to a low-carbon economy while also supporting jobs.
Gasco CEO Nick Grzegorczyn stressed the award will aid the company’s energy transition plans, enabling them to engage extra people to develop and manufacture larger electric heaters and meet customers’ carbon reduction requirements.
The $31 billion manufacturing sector in Victoria employs more than 260,000 people, supports over 23,000 enterprises, and contributes over 30 per cent of Australia’s manufacturing output.
The Labor Government’s Made in Victoria 2030: Manufacturing Statement illustrates its vision and plans to ensure Victoria continues to be a home for advanced manufacturers to develop and prosper, especially in vital industries such as low-emissions and renewable energy.
For a list of Low Carbon Manufacturing Grant Program recipients, visit this site.
