The Northern Territory (NT) Government is investing in the circular economy to address existing waste challenges while creating economic opportunities for businesses looking to establish a presence in the Territory.
With a relatively low recycling rate compared to other jurisdictions, there are gaps in the market suitable for the right businesses. The NT Government has identified approximate quantities available for commercialisation across 4 waste streams:
Paper: up to 15,000 tonnes per annum in the greater Darwin region.
Plastics: up to 30,000 tonnes per annum across a variety of plastic types.
Glass: up to 8,000 tonnes per annum outside of the Container Deposit Scheme.
Tyres: car, small truck and bus tyres of 3,500 tonnes per annum with larger volumes located in remote mining and earthmoving activities.
NT Government support
Grants available now
Grants are available to support investment in the circular economy. The NT Recycling Modernisation Fund Grant will be open for applications from 27 April to 22 June 2022. $3.8 million in grants will be awarded in minimum requests of $50,000 on a 50:50 contribution basis for eligible projects.
Other grants available for businesses can be found at GrantsNT
Investment facilitation support
Our investment facilitation team can help set your business up in the NT. Support we provide includes:
- site identification and approvals
- assistance navigating development approvals including site, infrastructure and utilities requirements
- supporting your investment related visits to the Territory.
NT Circular Economy Strategy 2022 to 2027
NT Circular Economy Strategy 2022 to 2027 is a draft strategy that will work towards 3 strategic priorities:
- Modernise the regulatory framework to protect the environment and create the right regulatory settings for growing the circular economy industry.
- Start transitioning the Territory to a circular economy.
- Establish the circular economy industry as a contributor to the Territory’s $40 billion by 2030 vision.
Strategic priority 3 focusses on realising economic opportunities to benefit industry. To achieve this, the NT Government will:
- encourage innovation and facilitate adoption of resource recovery and recycling technology
- support business creation and industry development and investment in resource reuse and recycling
- investigate business cases for sector specific or specialist waste facilities such as medical / health waste and food waste.
This strategy will boost the circular economy and create a framework to underpin growth and investment in the sector into the future.
Access to renewable energy
Green energy sources are a priority for circular economy participants. The $30+ billion Sun Cable Australia-Asia Power Link project will supply long term, renewable electricity to Darwin and Singapore markets. Eight hundred megawatt of reliable and competitively priced renewable electricity will be available in Darwin by late 2026.