This high export orientation in parts of the Australian waste management industry is becoming less and less viable for the future. When China tightened the regulations for the import of recycled materials to a maximum contamination level of 0.5 percent in 2018, Australia suddenly found itself sitting on large quantities of waste.
In some plants, towers were formed from plastic or paper material. In some cases, recyclable materials were dumped on landfills due to a lack of customers.
Although Australian waste exports to other countries such as Malaysia, Vietnam and Thailand have increased in recent months, these countries have also announced stricter regulations. Therefore, urgent investments in the equipment of the material recovery plants are necessary.
Legislative competence in the field of waste management lies primarily with the Australian states. The municipalities are responsible for the disposal of household waste. They generally award the actual implementation to private companies through public tenders. Many municipalities also offer the disposal of commercial waste through this system. However, in the City of Sydney Council, for example, companies have to conclude contracts with waste disposal companies themselves.
Bingo is the leading company for the recycling of plastic waste
okay there are other companies too, but Bingo is the only one on the stock market in Australia. And waste Mangement is a more and more important coming market
