Hypersonix establishes German office

Brisbane-based startup Hypersonix has opened its first office outside of Australia, in Munich, Germany. The company, which intends to use scramjet to launch small satellite customers into low earth orbit, said it was fitting to have a presence in Germany’s “deep tech” heartland. Hypersonix has partnered with gas business BOC/Linde Group, which supplies green hydrogen —…

K-TIG passes first armoured steel test for Hanwha

Automated welding technology developer K-TIG has successfully completed the first round of weld testing under a Memorandum of Understanding to develop advanced keyhole welding procedures for Korea’s Hanwha Defense. Weld procedures for joining Ultra Hard Hardness and Ultra High Toughness armoured steels have been developed with hardness and tensile strength results superior to traditional MIG…

Fortescue and Incitec Pivot study green ammonia production

Global renewable energy company Fortescue Future Industries (FFI) has announced yet another green business venture – a joint feasibility study with fertiliser and explosives manufacturer Incitec Pivot for the conversion of ammonia production to utilise green hydrogen. The study, announced after a week in which FFI revealed plans for a $1 billion green equipment manufacturing…

Debt restructured for high performing Whyalla steelworks

The GFG Alliance has agreed to a debt restructuring for Liberty Primary Metals Australia with Credit Suisse Asset Management, ending uncertainty over the future of the Whyalla steelworks. The company said Whyalla had ‘registered record-breaking performances following its operational efficiency drive, continuous improvement initiatives and favourable market conditions underpinned by strong investment in infrastructure.’ LPMA’s…

New Wine Australia CEO named

Dr Martin Cole has been named the incoming CEO of Wine Australia, beginning on November 15, in a statement from federal agriculture minister David Littleproud “Under Dr Cole’s leadership, Wine Australia will continue to deliver on its mission to support a competitive wine sector, growing domestic and international markets and protecting the reputation of Australian wine,”…