Food Waste: Waste not, want not: $6 mill. to ...
Food Waste

Waste not, want not: $6 mill. to turn animal waste into wealth


AUSTRALIA, Sydney. The Meat & Livestock Australia will receive $6 mill. under Round 3 of the Rural Research and Development (R&D) for Profit programme for a project looking at ways to convert wastes from sectors including intensive animal production into valuable products. Deputy Prime Minister and Minister for Agriculture and Water Resources, Barnaby Joyce, announced the grant. The project will develop technologies and business models to capture a market opportunity worth more than $100 mill. a year by 2025.

The largest single employer in the Colac region, the Australian Lamb Company (ALC), is part of a group of project partners who will benefit from $6 mill. in Coalition Government funding to help convert animal wastes into valuable products such as fertilizers and energy, as part of a project led by Meat & Livestock Australia (MLA).

Coalition Government funding for the $180.5 mill. Rural R&D for Profit programme is on top of around $700 mill. that the government already invests in rural R&D each year.

The Rural R&D for Profit programme funds projects that address the government's rural RD&E priorities: advanced technology, biosecurity, managing natural resources, as well as promoting industry and on-farm adoption of R&D. The first two rounds of the Rural R&D for Profit programme delivered grant funding of almost $79 mill. for 29 projects, matched by more than $109 mill. in cash and in-kind contributions from successful grantees and their partners.​

Source: AustralianGovernment


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