Australia’s Visy Industries will increase its capacity to recycle waste materials by 10 per cent with a pipeline of projects to improve the overall energy efficiency and renewable energy use of its large-scale Australian manufacturing operations.
A global leader in the packaging, paper and resource recovery industries, Visy provides high quality, innovative and sustainable packaging products and solutions. As a major Australian manufacturer, Visy is leading the way in investing in energy efficient equipment and technologies to help power its 24-hour operations.
Visy recycles 1.2 million tonnes of paper and cardboard each year. Drawing on $30 million in debt finance from the CEFC, Visy expects to increase this capacity by 10 per cent with upgrades to existing recycling infrastructure as well as investments in new equipment to support greater resource recovery.
Visy’s pipeline of potential projects includes better processing and sorting technologies to increase the amount of materials that can be recycled, as well as increased renewable energy generation internally to help offset grid energy needs.
The agreement with the CEFC will help deliver on part of Visy’s pledge to invest $2 billion in Australian manufacturing to create jobs, increase efficiencies and boost sustainability.
The CEFC supports the ‘reduce, reuse, recycle’ recommendations of the international waste hierarchy. The CEFC finance will reduce waste volumes going to landfill and make a material reduction to Australia’s waste-related emissions.