Investment opportunities in Victoria's waste and resource recovery sector

Victoria’s Minister for Environment, Climate Change and Water, Lisa Neville, has launched the Victorian Waste and Resource Recovery Infrastructure Investment Prospectus — a plan to support investment and create new jobs in the state’s waste and resource recovery sector through collaborations with other government agencies.

According to Neville, feedback from investors and industry has indicated that “we need a service like this which connects local and state government and industry to meet the needs of a growing population and better manage our state’s waste and resource recovery”.

The prospectus is part of the Statewide Waste and Resource Recovery Infrastructure Plan, which aims to help industry and local government manage a growing waste stream by maximising the recovery of valuable resources and creating new jobs in new markets. The plan identifies opportunities for up to $5 billion in infrastructure investment by 2044, including up to $167 million in annual investment towards advanced technologies, innovation in products, infrastructure and expertise to improve resource recovery in Victoria.

“The prospectus will encourage investment in infrastructure to increase the state’s capacity to recover material from waste,” said Neville. “The market development initiatives will support this by stimulating markets for products made from recovered materials.”

Another element of the state infrastructure plan is the Draft Victorian Market Development Strategy, which has now been released for public consultation. The strategy will support the resource recovery and manufacturing sectors by maximising the value of recovered materials and developing quality products for end markets.

“Victoria is an attractive place to invest in the waste and resource recovery sector,” said Neville, “with a positive outlook for creating more jobs and investment.”

The prospectus is available here.