Court orders company behind plastic recycling scheme REDcycle be wound up after stockpile discoveries

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The two companies say they paid $20m to REDcycle over a decade and were not told about the stockpiling. The scheme abruptly stopped operating in November and has since admitted to stockpiling more than 12,000 tonnes of plastic in NSW, Victoria and South Australia. REDcycle has previously denied the stockpiling was a cover-up, saying it was an attempt to ride out problems including a spike in returned plastics, a fire at its largest taker of the material and insufficient recycling capabilities in Australia.“[It’s] their choice to be here – up to them to take it up with the liquidator,” Walton said.

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