Porsche-backed electrofuels company HIF Global is progressing its planned 100 million litre per year facility in north-west Tasmania, with the state government announcing HIF had selected Technip Energies to help assess technology options and initiate plant design. In a statement on Thursday, Tasmania’s energy minister Guy Barnett claimed the news as “a further sign” the…
The number of students enrolled in nationally recognised vocational education and training (VET) courses increased by 5.1 percent to 4.5 million between 2021 and 202, according to the latest data from the National Centre for Vocational Education Research (NCVER). Most of the increase can be attributed to significant rises in domestic and international fee-for-service subject…
A study from Monash University, the Retail Sustainability Spotlight, has found that 51 per cent of Australian shoppers cited sustainability as an important factor in their retail purchases. According to a statement from the university, despite increases in the cost of living, the research shows shoppers were also increasingly conscious of the role of sustainability…
A review of the National Freight and Supply Chain Strategy is underway, led by the federal department of infrastructure in collaboration with industry and state and territory governments. According to a statement from federal infrastructure minister Catherine King on Thursday, the strategy is a “holistic, coordinated and multi-modal approach to increase the safety, productivity and…
Medical imaging technology manufacturer Optiscan Imaging has completed a key milestone in its development of telepathology utilising its imaging systems that visualise biological structures in their natural environment. The company has been working with Canada’s Prolucid Technologies developing a telepathology platform that enables pathologists to undertake virtual biopsy assessments. The project has now passed the…
Electronics manufacturer Codan’s FY23 results were buoyed by strong gains in its communications businesses partially offsetting disruptions to its African and exited Russian markets for its Minelab metal detection equipment. The Adelaide company reported full year underlying net profit after tax of $65 million, down 35 percent from the previous year, on group revenue down…
Packaging and recycling group Pact Group has reported a slight fall in profit on rising revenues as it continues to invest in new packaging recycling operations and ready for further investment in its Australian packaging operations. The company reported revenue growth for FY23 of six percent to $1.95 billion in tightening economic conditions, softer demand…
Property fund manager Westbridge Funds Management has acquired a site at Wacol, south-west of Brisbane’s CBD, described as a “modern manufacturing facility”. The purchase is through the company’s Westbridge Diversified Fund No.4 for $14.5 million, it said in a statement on Wednesday. According to Westbridge, the 1.6 hectare site at 53 Coulson Street hosts a…
Australia’s Sentient Vision Systems has partnered with US defence technology company Shield AI to offer AI-Enabled Wide Area Motion Imagery (WAMI) capability to international defence forces. Sentient, which specialises in AI-enabled passive wide area search, and Shield plan to deliver their solution to the United States Department of Defense (DoD), Australian Defence Forces (ADF) Defence…
Treasury Wine Estates the maker of Penfolds has reported rising profits on steady revenues as its programme of premiumisation of its wine offerings and focus on luxury brands takes effect. The company reported sales revenues relatively steady at $2.4 billion for FY23, down 2.2 percent or 4.4 percent on a constant currency basis on the…