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Tyre Stewardship Fund continues supporting tyre-derived innovation
1 September 2019
Tyre Stewardship Australia continues to invest in market development, with over $4.9 million committed across a range of 34 research, market expansion and practical end use projects; with the clear objective of beneficially using as many end-of-life tyres domestically as possible.
It is also important to note that since the beginning of the Tyre Stewardship Fund in late 2015, the program has completed 14 projects that were supported through the Fund to the value of $1.68M. It has also progressed, due to the revision of the guidelines attached to the ACCC reauthorisation of the Scheme, to introduce a new Demonstration and Infrastructure stream in addition to the Research and Development and Scholarship streams.
The new project stream supports projects that, offer potential for significant domestic use of tyre-derived product (TDP) and that will benefit from further real-world validation to potential end-users and product specifiers.
There are range of projects, with various industries, that are working to develop opportunity for TDP consumption:
- Roads: $2.26M committed to 13 projects, with the annual potential of 30,000+ tonnes
- Civil Infrastructure: $830,000 committed to 4 projects, with annual potential of 31,680 tonnes
- Advanced Manufacturing: $315,000 committed to 4 research projects
- Rail: $150,000 committed to 1 project, with a concentrated focus for further future market opportunity in this sector.
- Building Construction: $82,470 committed to 1 project
Such strong numbers for future TDP consumption demonstrate the impact the $4.9 million TSA contribution has provided to the development of the local resource recovery market since the program’s inception in 2015.
TSA is always looking for further opportunities to develop new products and markets for tyre-derived products. See the Tyre Stewardship Fund page on the TSA website for further information.