"Industry collaboration is critical to being able to build a local circular economy. We are excited to see our first venture together coming to life – and look forward to many more in the future". Cleanaway's CEO and Managing Director, Mr Vik Bansal, said: "This new facility for PET plastic will recycle the containers collected through the NSW Return and Earn Scheme and Cleanaway's Material Recovery Facilities, helping create a domestic circular economy. "We're proud that Cleanaway's Footprint 2025 strategy has reached a point where we're not only providing the right infrastructure for resource recovery but extending the value chain to ensure that material is optimised for recycling into new products."