The Victorian government has unveiled a new container deposit scheme, CDS Vic, in an effort to promote recycling and reduce waste going to landfills.
VicReturn – a not-for-profit organisation formed by beverage companies Lion, Coca-Cola Europacific Partners, and Asahi Beverages – will coordinate and manage the marketing of the new scheme, its finances, and operations.
“I congratulate the Victorian government on introducing its container deposit scheme,” said Paul Klymenko, chair of VicReturn.
“CDS Vic will have real environmental and social benefits and help create a circular economy for beverage containers.”
Lion Group CEO Sam Fisher said the company is proud of its longstanding involvement in local container deposit schemes, stretching back more than 40 years.
“As the brewer behind some of Australia’s most loved beverage brands, we are thrilled to play a role in delivering this important scheme for the community here in Victoria.”
Robert Iervasi, group CEO at Asahi Beverages, added that besides the new deposit scheme, the group is also developing a PET recycling facility at Altona.
“CDS Vic will play an important part in providing PET bottles for the Altona recycling facility, leading to better environmental outcomes for Victoria,” Iervasi said.
“We’re pleased that more of our beverage containers will now be recycled and play a part in the circular economy.”