How fixing Victoria's $4 billion food problem could create a profitable waste industry - ABC News

For a state so committed to recycling, Victorians throw away around $4 billion worth a year of food, according to Infrastructure Victoria.Infrastructure Victoria's report said it was possible to recycle 90 per cent of Victoria's waste by 2039

In a new blueprint to transform the state's waste industry released today, fixing food waste is one of the keys to solving the ongoing crisis. "We think there is a massive opportunity in organic waste. Almost all of it can be recycled in some way," she said. At the moment, Victoria's recovery rate for organic waste is just 42 per cent, because there is not the capacity to process it.Victorians throw away around $4 billion worth of food a yearFood waste accounts for a third of Victoria's garbage stream by weightSource: Infrastructure Victoria"The past 18 months have shown that the status quo is unsustainable," Ms McNamara said.

The remainder comes from commercial and industrial operators, from restaurants to food processing factories. "What it does is allow us to capture about $1.2 billion in recyclable materials every single year," she said.Infrastructure Victoria's report says the state needs 87 new or upgraded facilities to deal with the growing waste stream — 52 of them in regional Victoria.

Along with the rest of Australia and much of the World, I expect.

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