BlockTexx closes $7 million Series B

Textile recycling company BlockTexx has announced completion of a $7 million Series B round. BlockTexx said in a statement that funding came from existing investors and fashion innovation platform, Fashion for Good. Return investors include Artesian and seed investors Mike and Sue Gregg. The company is scaling up its novel chemical process, which is able…

The government has unveiled its Navy of the future. Will it solve our current problems – or just create new ones?

By Peter Layton, Griffith University Australia’s naval surface combatant fleet is in trouble. The eight Anzac frigates are worn out after three decades of Middle Eastern adventures and hard to crew. The Anzac’s replacements, the much-criticised Hunter Class frigates, are late – the first will not enter service until 2032 or so. The project’s cost…