Stage 3B: Circular economy precinct
In early 2023, Development Victoria ran a successful Expression of Interest (EOI) process for businesses to purchase land in Stage 3B to establish a Circular Economy Precinct.
To be eligible for this opportunity, businesses were required to address a set of criteria to ensure they were able to meet a certain standard of capability and capacity, policy outcomes, proposed use and that businesses show they operate in a circular way.
Circular Economy Precinct (EOI) is now closed.
What is a circular economy?
A circular economy continually seeks to reduce the environmental impacts of production and consumption, while enabling economic growth through more productive use of natural resources.
The aim of a circular economy is to extend the life cycle of products and use resources more efficiently through recycling and reducing waste to zero.
The Victorian Government has developed a plan – Recycling Victoria: a new economy to cut waste and boost recycling and reuse of the state’s precious resources for a cleaner, greener Victoria.
Updated on 30 May 2024