Federal government funding for revolutionary project needed

Federal government funding to turn household garbage into energy

Businessman Anthony Pratt seeks $300 million in federal government funding to start a revolutionary project that is supposed to turn household garbage into energy.

Federal government funding for waste/energy project

Anthony Pratt is Group Deputy Chairman of Visy Industries, the largest paper- and packaging company in the world that is privately-owned. Visy Industries newest project is trying to turn household garbage into energy. By doing so, 3000 jobs would be created in the sector.

Federal government funding needed for waste/energy plant

A plant is needed for the project that converts waste into energy. The plant would be the first of its kind created in Australia. The electricity that would be created from the household waste in that plant would be sold either directly to third parties or into the electricity grid. Household garbage would be dehydrated until it is no bigger than the size of a cork. The result can be burnt which in turn creates energy.

Funding Assistance sought from various agencies

In order to get the project going, Visy is seeking funding assistance from various Australian agencies that provide funding. For example, the company is seeking $100 million from the Australian Renewable Energy Agency. Even though there are questions about the emission that will be created by burning dehydrated household garbage, Visy is still seeking funding from the Australian Renewable Energy Agency which provides funding for renewable energy projects. Anthony Pratt responded to those concerns by stating that emissions were much lower than those from burning coal and in addition to that, landfill reductions would also contribute to lower greenhouse emissions. Considering this, federal government funding might be available for this project.