Second batch of applications approved under Recycling Fund
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Among the newly approved applications, 13 are under the Enterprise Support Programme and two are under the Industry Support Programme. These projects involve different recyclables including waste paper, waste plastics, waste metals, used furniture, used cooking oil, food waste, and are proposed by recyclers of different business sizes. The approved projects under the Industry Support Programme include the promotion of advanced technology in the recycling industry and the development of an online platform for recyclers to share market information. Details of these projects are set out in the Annex.
The $1 billion Recycling Fund was established in October 2015 to provide appropriate funding support to enhance the overall capability, capacity, efficiency and skills of the local recycling industry, as well as to help develop the market for recycled products by providing more market information. The Fund will help enhance the quantity and value of recyclables, thus reducing the amount of waste disposed of at landfills.
Members of the Committee are appointed by the Secretary for the Environment to advise and make recommendations to the Government on matters relating to the overall administration and operation of the Recycling Fund. The Committee comprises experts, academics and people with experience in business management and community service, as well as representatives from various business and industry associations. The Hong Kong Productivity Council serves as the implementation partner as well as the secretariat for the Recycling Fund.
For further information on the Recycling Fund and the approved applications, please visit the website of the Fund (www.recyclingfund.hk).
Ends/Friday, August 26, 2016
Issued at HKT 16:00
Issued at HKT 16:00
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