GFG Alliance’s Sanjeev Gupta has refinanced debt for the Whyalla steelworks ending speculation the collapse of a financier to the company threatened the closure of the works. The company has secured a $430 million refinancing of the steelworks and his Tahmoor Coal operations to replace funds provided by the collapsed group Greensill Capital. GFG Alliance…
A $4.5 billion project to turn natural gas into urea on Western Australia’s Burrup Peninsula has taken a step closer to reality with the signing of an off-take agreement with fertiliser producer, Incitec Pivot Fertilizers. Incitec Pivot has entered into a 20 year agreement to take up to 2.3 million tonnes a year of granular…
Australia’s largest personal protective equipment (PPE) manufacturer, Softmed, has begun producing one million sterilisation wraps per month which are used to wrap and seal surgical trays and instruments prior to surgical procedures. The company, which in August invested $30 million in a new Victorian factory, began local production in response to a critical worldwide shortage…
French owned defence contractor Thales has conducted a safe test firing of a sovereign rocket motor (pictured), adding to the momentum building behind the manufacture of guided weapons in Australia. The testing of a locally designed and manufactured Jones rocket motor evaluated local rocket motor nozzle design and materials. The Mulwala manufactured Jones rocket motor…
Federal goovernment pressure on the energy industry to construct new gas-fired power plants or face government-funded competition has resulted in EnergyAustralia announcing a new gas-fired peaking power station. The company said it would build a 300+ megawatt Tallawarra B power station in New South Wales and open it in time for summer following the retirement…
Australia’s public universities are world-class research bodies. But, unlike many universities in places like Europe and the United States, they are not good at building on that research for commercial returns. Australia’s level of research commercialisation is one of the worst in the developed world.
The Australian Renewable Energy Agency (ARENA) has announced conditional approval of $103.3 million grant support for three large-scale green hydrogen projects through its Renewable Hydrogen Deployment Funding Round. The successful projects: Engie Renewables Australia Pty Ltd (Engie): ARENA will provide up to $42.5 million towards a 10 MW electrolyser project to produce renewable hydrogen in…
Leigh Creek Energy Limited has kick-started the construction of a urea fertilizer plant based on the Leigh Creek coal deposits in South Australia. The company told investors it had entered into a binding heads of agreement with South Korean engineering and construction firm DL E&C Co. Ltd for a feasibility study, engineering design and procurement…
