Global plastics recycling company Brightmark will invest $260 million to bring Australia’s first advanced plastics recycling facility to the Parkes precinct, creating 100 new local jobs.
Brightmark’s innovative waste solution technology will divert up to 200,000 tonnes of plastic waste from landfill to create oil, fuel, wax and new plastics, in line with the precinct’s circular economy and sustainability goals.
As the precinct’s first circular economy anchor tenant, the Brightmark facility will be the first of its kind in Australia to recycle all types of plastic waste. This will be the company’s first Australian facility, and the largest of its type outside of the United States.
The company was drawn to the Parkes location through the Special Activation Precinct program due to the sustainably-minded business environment and community and its location as a transportation and logistics hub.
Construction of the facility is planned to start in 2023 and it will be operational by 2025.