Launch of Tyre Stewardship Research Fund with over $1 million for R&D
Tyre Stewardship Australia, the not-for-profit company established to deliver the national Tyre Product Stewardship Scheme on behalf of the tyre industry, has today launched more than $1 million in research and development funding.
Round 1 of the Tyre Stewardship Research Fund is now open for expressions of interest and seeks to encourage research partnerships between industry, government, research institutions and end users encourage new uses and innovative for tyre-derived products.
The Tyre Stewardship Research Fund is being delivered in two streams:
Project Stream – includes $1 million to support projects aimed at increasing Australian use of tyre-derived recycled material currently available, such as crumbed rubber, rubber granules and shredded tyres.
Scholarship Stream – provides $150,000 for future focused PhD research into new applications and technologies that may benefit the tyre recycling industry and/or its end products.
Tyre Stewardship Australia CEO, Matt Genever, said this was a key milestone in the delivery of the national scheme.
“The tyre recycling industry in Australia has significant capacity to manage end-of-life tyres but it is constrained by poor local markets for its end products. Only by opening up new markets and seeing a considerable increase in demand will the industry reach its real potential.”
“The launch of the Tyre Stewardship Research Fund represents the largest investment to-date in support of developing markets for tyre-derived products. This funding reflects the significant financial contribution being made by TSA members toward achieving sustainable tyre recycling in Australia,” Mr Genever said.
This newly released funding adds to the approximately $600,000 in negotiated project funding already allocated by Tyre Stewardship Australia in 2015.