Breakthrough Victoria shells out $12 million for peanut allergy treatment developer Aravax

The Victorian government-funded Breakthrough Victoria has made a $12 million investment into Aravax, part of a $66 million funding round in the biotechnology company, which is developing a novel peanut allergy treatment. Aravax is a clinical-stage company developing PVX108, its immunotherapy product that uses synthetic peptides to mimic key parts of peanut proteins to retrain…

Silex, Silicon Quantum Computing expand offtake agreement by $1.35 million

Silex Systems has announced an amendment to its 2019 offtake agreement with quantum technology business Silicon Quantum Computing, increasing SQC’s commitment for silicon products made from high-purity zero-spin silicon (ZS-Si) using Silex’s proprietary laser enrichment technology. According to a statement from Silex on Tuesday morning, the total value of the commitment has increased by $1.35…

Lynas ramps up production at new Kalgoorlie processing facility

Commissioning has been completed and production ramp up is underway at Lynas Rare Earths new Kalgoorlie Rare Earths Processing Facility in Western Australia (pictured). Staff from the company’s Malaysian value-added metals production facility, which has been closed while capacity is increased to 10,500 tonnes of Neodymium and praseodymium (NdPr) per annum, are in Kalgoorlie assisting…

Austal to build new Rottnest Island ferry

Perth shipbuilder Austal has been awarded a contract to construct a 32-metre catamaran for Rottnest Fast Ferries, based in Hillarys, Western Australia which will operate to the leisure destination island offshore of Perth. Collaborating with vessel designer Incat Crowther, Austal will begin construction of the aluminium catamaran at the company’s Philippines shipyard in the first…

Uber Eats commits $13 million to sustainable packaging

Food delivery service Uber Eats has announced a multi-year partnership with environmental organisation Planet Ark designed to help Australian restaurants move towards more sustainable packaging. The company, which aims to transition restaurant merchants to reusable, recyclable, or compostable packaging options by 2030, begins with consultation on a framework developed by the University of Technology Sydney’s…