The Australian Securities Exchange has continued the suspension from trading of the shares in carbon fibre road wheel manufacturer Carbon Revolution following its failure to identify a US company it is negotiating with. The Geelong company’s shares were first suspended at CBR’s request following its revelation earlier this month that it had signed a non-binding…
By Peter Roberts The need for sufficient time to get the construction of nuclear submarines right and a well signposted looming gap as our Collins class submarines reach the end of their lives suggest a son of Collins submarine vessel should be built in Adelaide, according to defence expert Peter Briggs The former president of…
The COVID-19 pandemic held young Australians back from making their usual transitions into employment according to a new report from the National Centre for Vocational Education Research (NCVER). The study – Treading water: effects of the COVID-19 pandemic on youth transitions – examined the lived experiences of young people aged about 20 in 2020, and…
By Peter Roberts One of the criticisms of renewables thrown up by sceptics in the former Coalition government was that it was not dispatchable, that is it couldn’t provide power ‘when the sun doesn’t shine and the wind doesn’t blow’. Lithium ion batteries provided an underpowered part of the answer to that but the real…
Swinburne University’s Aerostructures Innovation Research Hub (AIR Hub) will develop and trial Australia’s first hydrogen propelled drone, thanks to a $1.3 million grant from the federal government’s Emerging Aviation Technology Partnerships programme. The university’s Hydrogen to the Skies (H22S) project will design and integrate a new hydrogen propulsion system into a large drone, working with…
Packaging manufacturer Pact Group has won a major sustainable project award for bringing Australia’s biggest PET plastic recycling facility to life in just 370 days. Pact was awarded the Australian Institute of Project Management’s Sustainable Project Management Achievement Award for NSW for the $50 million Circular Plastics Australia (CPA) PET plastic recycling facility in Albury,…
Innovative green hydrogen developer Sparc Hydrogen has turned its focus to scoping out the construction of a pilot plant to prove its low cost processes to produce green hydrogen following the publication of a global patent application. The company, a joint venture between Sparc Technologies, Fortescue Future Industries (FFI) and the University of Adelaide, is…
Chemicals and explosives manufacturer Orica has announced a Statutory Net Profit After Tax (NPAT) for the year ended 30 September of $60 million, and underlying earnings before interest and tax (EBIT) of $579 million, up 36 per cent on the previous corresponding period. Return on net operating assets increased from 8.1 per cent in FY2021…
By Peter Roberts Perth minerals producer Iluka Resources is pressing ahead with its plans to process rare earths on Australian shores, capturing more value-adding of these critical metals for the local economy. The company’s latest update shows that all primary environmental approvals have been secured for its project at Eneabba north of Perth. The company…
A rise in sales during Covid-19 pandemic lockdowns has not lasted into Q1 FY22 for prestige food manufacturer Maggie Beer Holdings. The Barossa Valley company reported that Q1 FY22 sales were down 22.1 percent compared to the previous corresponding period which were boosted as consumers remained at home where they spent more time cooking. However…
