The Advisory Committee on Recycling Fund has approved 29 funding applications totalling $28 million based on the proposals' effectiveness in enhancing the applicants' recycling capability, types of recyclables to be handled, cost effectiveness and sustainability.
The 29 applications are out of 94 submissions received as of November last year. Apart from the approved applications, the committee deferred consideration of 29 applications pending submission of further information.
Twenty-seven applications were rejected for failing to meet the application criteria, while another nine were withdrawn by the applicants.
Committee chairperson Jimmy Kwok said the fund could alleviate the trade's burden and enhance their capability and efficiency, which would promote their sustainable development.
He hoped more trade members could make use of the fund and work together towards the recycling industry's sustainable development.
The $1 billion Recycling Fund was established in October 2015. Its members are appointed by the Secretary for the Environment to advise and make recommendations on matters relating to its administration.
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