Sydney-based Licella is poised to reveal partners for a proposed plant on the Dow Chemical site at Altona, in Melbourne’s west, in coming weeks.
Calix’s cement carbon capture technology is being developed in BelgiumThe sticking point is the lack of policy carrots and sticks such as the recycling credit offered in Britain, or the EU’s heavy tax on “virgin plastic”. Federal Environment Minister Tanya Plibersek said two weeks ago that state ministers had agreed to toughen regulation because “voluntary targets and design guidelines aren’t working” but a circular economy advisory group will not report back until next year.
“Australia is way, way behind on those fronts,” he said. “Virtually all the soft flexible plastics on the market go to landfill.” Soft flexible plastics include milk containers, soft drink bottles and plastic bags.Licella’s 30 per cent-owned affiliate, Mura Technologies, has enlisted big strategic partners – Mitsubishi Chemical in Japan, LG Chem in Korea, Dow, engineering firm KBR and Canadian forestry giant CanFor – to build commercial plants offshore.
Mura in turn has caught the eye of investor Victoire Carous, who is scouring the world for opportunities for a $US100 million plastics recycling fund for Swiss fund manager Lombard Odier.It has been a long haul, but Mr Humphreys said the pace of change “has been incredibly ramped up in the last 24 months”.
Karen Dobson, head of Dow Australia and New Zealand, said the chemicals giant had backed other advanced recycling technologies but had “more extensive partnerships and capacity commitments with Mura than anyone else”.
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