SeaStock gets $740,000 FaBa funding to progress seaweed-based red food dye production

Algae-based food ingredients company SeaStock has been awarded $740,000 in funding from Australia’s Food and Beverage Accelerator (FaBA) for a project developing red pigment from asparagopsis seaweed. Australian asparagopsis research has led to numerous startups using the red algae to create food supplements, which in small dosages can greatly reduce the amount of methane (a…

Federal government awards $28 million to Relectrify to progress BESS breakthrough

Battery technology company Relectrify, which aims to provide “the operating system for the world’s best battery energy storage systems” (BESS), has been awarded $25 million through the Australian Renewable Energy Agency (ARENA) to accelerate its AC1 BESS product. According to a statement from ARENA on Wednesday, the funding supports a project which will “deploy up…

Thin-film composite membranes ready for translation, say RMIT researchers

RMIT University researchers have developed what they say are ultra-thin filters with promise for making chemical manufacturing and recycling more energy- and cost-efficient, and are looking to bring their invention into industrial use. A statement from the university on Thursday describes the filters as combining “super-thin layers of boron nitride” and aramid synthetic fibres, offering…

U.S. Export Import Bank considers loaning up to $200 million to Latrobe Magnesium

Latrobe Magnesium, which is commercialising a method of extracting magnesium and other useful material from brown coal fly ash, is one of seven Australian companies receiving Letters of Interest (LOIs) totalling over $US 2.2 billion (approximately $3.4 billion) from lender the U.S Export Import Bank (EXIM.) According to a statement from Latrobe Magnesium, EXIM’s financing…

The global race is on to secure critical minerals. Why do they matter so much?

By Amir Razmjou, Edith Cowan University Critical minerals are having a moment. Prime Minister Anthony Albanese is at the White House to talk up Australia’s rich deposits with President Donald Trump. China, which has a global stranglehold on rare earth elements, recently imposed new export restrictions, much to Trump’s annoyance. It’s clear there’s an era…

Anguses in tech leadership team reshuffle at DroneShield

Drone countermeasures company DroneShield has promoted its software engineering team leader Angus Harris to CTO, with Chief Product & Technology Officer Angus Bean moving into the role of Chief Product Officer. According to a statement from DroneShield, which recently became an ASX200 company, Harris’s appointment reflected the company’s “continued growth and organisational maturity” as it…