Spaceport operator and launch technology infrastructure company, Equatorial Launch Australia (ELA) has announced the signing of a Memorandum of Understanding (MOU) with Singaporean rocket company Equatorial Space Systems (ESS) to launch Dorado suborbital rockets at the Arnhem Space Centre. ESS has plans for rockets including orbital rockets and the MOU paves the way for a…
Orica the latest to create value from unused land Chemical and explosives business Orica has sold 66 hectares of unused industrial land at Deer Park in Melbourne to UniSuper for $260 million. The sale, stage 1 of a land sale process, netted a net profit after tax of $173 million for the Melbourne company. The…
The federal government has awarded $14 million to Powering Australia Limited to establish the Powering Australia Industry Growth Centre to help Australian businesses manufacture renewable energy technologies. The Centre which stems from the Energy Storage CRC and Curtin University will fund activities and provide services to: help commercialise locally manufactured renewable energy technologies and ideas…
Automated welding company K-TIG has announced that an acquisition of UK’s Graham Engineering Limited (GEL) will not go ahead, blaming a challenging environment and GEL’s trading performance. In a short statement on Friday morning, the company confirmed that the planned acquisition – first shared by company in January last year, and aimed at gaining K-TIG…
SME defence business Australian Target Systems has been awarded a five-year, $33 million contract for supply and servicing of their live-fire target systems at training ranges across Australia, and providing these for Australian personnel to use while deployed overseas. In a statement on Friday morning, defence industry minister Pat Conroy said, “Australian Target Systems has…
ASX-listed compound semiconductor developer BluGlass has signed a Memorandum of Understanding (MOU) with US defence and dual-use photonics company, Applied Energetics, with the two companies to work together on military and commercial applications. In a statement on Friday, BluGlass said the work would leverage its high-performance gallium nitride (GaN) distributed feedback (DFB) lasers “in Applied…
NIOA Group CEO Robert Nioa has called for swift action to boost Australia’s defence industry so it could play a part in a future Indo-Pacific allied military force. Speaking to the American Chamber of Commerce (AmCham) Queensland Nioa said decisive action was needed due to a ‘palpable’ escalation of geopolitical tensions. Nioa recently inked an…
Hamburg-based energy company Mabanaft has received a grant approval from the German Projektträger Jülich backing the construction of a new green methanol plant in Port Augusta, South Australia. Together with Australian renewable energy company Vast, Mabanaft is developing plans to build a demonstration plant with a capacity of around 7,500 tonnes of green methanol per…
Syntara has announced that a Phase 2 trial evaluating the combination treatment of its SNT-5505 with chemotherapy will go ahead for patients with a form of blood cancer. In a statement this week, the ASX-listed drug development company – formerly known as Pharmaxis – said that its SNT-5505 (previously known as PXS-5505) would be trialled…
Visy has officially opened its upgraded glass recycling facility at Laverton, Victoria which recently doubled processing capacity to 200,000 tonnes per annum. According to a statement from state environment minister Steve Dimopoulos – who opened the facility on Thursday – the $50 million expansion includes delivering 20 new optical sorters for processing glass pieces as…
