ADVERTISING FEATURE By Anna Korolekh The building materials industry is one of the most traditional industries in terms of business. It is also one of the largest industries in terms of revenue, with more than two trillion dollars annually spent on construction materials and supplies. Hence, in the digital age, it’s more crucial than ever…
Industry association the Australian Food and Grocery Council has urged the country’s energy ministers to adopt “meaningful action” when they meet in Brisbane today, with members reporting energy price hikes of 300 per cent this year. The AFGC urged a cap on gas prices, which were causing significant pain to manufacturers and making their goods…
Forbidden Foods has announced it has received firm commitments to raise $1.08 million through a share placement, which will support its expansion plans in the United States. The $1.08 million (before costs) was through 30.42 million shares issued at $0.0355 per share. An additional 1:3 rights issue to eligible shareholders will also be undertaken, with…
Construction on Moderna’s first factory in the southern hemisphere is underway within Monash Technology Precinct, Monash University announced on Wednesday. An agreement between the Victorian and federal governments and Moderna was made public in March this year – before the change of federal government – and finalised in August. The site is expected to be…
UNSW opens new hydrogen centre UNSW opened its new ARC Training Centre for The Global Hydrogen Economy earlier this week. The Australian Research Council awarded $4.9 million to “GlobH2E” in 2020, said the university, “to engage Australia’s best researchers to develop hydrogen technologies and innovations to aid the world’s transition to renewable energies”, with $3.5…
Additive Assurance, a Monash University spinout developing in-process quality assurance technology for 3D printing, has announced successful completion of a $4.1 million funding round. The raise was led by Significant Capital Ventures (SCV) – which will gain a seat on AA’s board – and supported by Hostplus, with existing investors IP Group Australia and Monash…
By Nathan Garland, Griffith University and Matthew Hole, Australian National University Our society faces the grand challenge of providing sustainable, secure and affordable means of generating energy, while trying to reduce carbon dioxide emissions to net zero around 2050. To date, developments in fusion power, which potentially ticks all these boxes, have been funded almost…
Xefco is moving to the pilot manufacturing stage for a new waterless dyeing and finishing process, which it says could cut energy and water use by 86 per cent and 88 per cent respectively versus conventional wet processes. The company’s Ausora solution is described as using a “plasma-enhanced chemical vapour deposition” method to apply dyes…
Needle-free vaccination company Vaxxas has announced completion of a funding round worth $34 million, which it says will help it build production capacity and accelerate its clinical program for a Covid-19 vaccine candidate. Among existing investors in the round were OneVentures and University of Queensland technology transfer organisation Uniquest. “This financing from a strong syndicate…
Matrix raises cash for expansion Perth’s Matrix Composites and Engineering has secured funding via a $7.5 million convertible note to fund major new contracts as it continues its emergence from a Covid pandemic low in business. The company, which manufactures buoyancy systems for underwater oil and gas infrastructure, has secured $30 million in orders since…
