A new PET plastic recycling facility will be built in Altona North by a cross-industry joint venture between Pact Group, Cleanaway, Asahi Beverages and Coca-Cola Europacific Partners (CCEP).
The plant, set to be the largest of its kind in Victoria upon completion, will be built in an industrial precinct on Horsburgh Drive with construction will start in early 2022 and finish in 2023.
It will create 45 permanent roles once completed at a cost of $50 million.
The project is backed by $6 million dollars in funding from a total pool of $36.5 million in joint funding for projects under the Australian Government’s Recycling Modernisation Fund (RMF) and the Victorian Government’s Recycling Victoria Infrastructure Fund.
The new Victorian facility will be the second PET recycling plant to be built by the joint venture following the construction of a similar plant in Albury-Wodonga which will be fully operational next month.
Each facility will be capable of processing the equivalent of around one billion plastic bottles collected via Container Deposit Schemes and kerbside recycling each year, converting them into more than 20,000 tonnes of high-quality recycled PET bottles and food packaging.
Cleanaway will provide PET through its collection and sorting network, Pact will provide technical and packaging expertise and Asahi Beverages, CCEP and Pact will buy the recycled PET from the facility to use in their products.
Federal environment minister Sussan Ley said: “The co-investment model is exceeding all expectations and showing that materials can be recycled and remanufactured to create new products and new jobs while helping our environment.”
She said state and federal governments and industry planned $800 million in investments.
Asahi Beverages Group CEO Robert Iervasi said: “We are constructing this facility to help create a truly circular economy in Victoria and beyond.
“Our consumers can now have increased confidence that when they dispose of their plastic water or soft drink bottle, it will be recycled instead of going to landfill.
“It’s not every day that drinks companies announce they’re building a new recycling plant but we want to help create meaningful change.”
Pact Group CEO Sanjay Dayal said that Australian consumers were increasingly demanding packaging that is recycled and recyclable.
“This new PET recycling facility in Victoria ticks both of those boxes.”
Picture: Pact Group
Subscribe to our free @AuManufacturing newsletter here.