Perth wave energy developer, Carnegie Clean Energy (ASX: CCE) appears to have avoided oblivion after creditors approved a restructuring and recapitalisation plan to save the business. The plan, developed by KordaMentha Restructuring acting as administrators of Carnegie, will see secured creditors swapping debt for equity and the raising of $5 million. Unsecured creditors will likely…
Tyre recycler Green Distillation Technologies, which has developed world-first technology that transforms old tyres into oil, carbon and steel, is pressing ahead with plans for its second plant. The company has received approval for a plant proposed for Toowoomba from the Queensland Department of Environment and Science, adding to their existing facility at Warren, NSW..…
It all started with a bang…the big bang! The explosive power of hydrogen fueled a chain reaction that led to the Universe we have today. Now this power is being deployed on Earth to supply the energy needs of tomorrow. For Australia, solar powered splitting of water into hydrogen, and exporting it to Asia in…
Medical technology group, Compumedics (ASX: CMP), has won a major new contract in the United States for its world-leading computerised medical monitoring systems. The company, which develops and manufactures a range of medical devices and systems for sleep, brain and ultrasonic blood flow monitoring, installed Australia’s first computerised sleep clinic in 1987. Now it has…
Comment by Peter Roberts British businessman Sanjeev Gupta has announced a restructuring of his iron and steel making empire, using the very same strategy employed to build Australia’s steel industry, but on a global stage. As reported by @AuManufacturing, Gupta’s GFC Alliance is restructuring its UK steel and engineering assets, the Liberty Primary Steel works…
Biotechnology start-up Next Science (ASX: NXS) has shown Australian investors are prepared to support a research based manufacturer with an impressive debut on the stock exchange. Shares in Sydney-based Next Science, which carries our research and operations in the United States, rose 35 per cent on listing last week to $1.35. More than $35 million…
Victorian electric truck drive train producer, SEA Electric has received its first orders from the United States following a successful public debut. CEO Tony Fairweather said feedback on the company’s products displayed on Ford and Isuzu platforms at the ‘Work Truck Show’ in Indianapolis and ‘Advanced Clean Transportation Expo’ in April had been favourable. He…
Home solar photo-voltaic installations have surged 46 per cent in the first quarter, putting the sector on track to install more than 2,000 megawatts (MW) of capacity in a year for the first time. It was not long ago that a two thousand MW coal fired plant would be among Australia’s largest, cost billions and…
Listed goat’s milk infant formula and organic baby food producer, Bubs Australia (ASX: BUB) has entered into a four year partnership with the Chemist Warehouse retail group. The partnership will see Bubs products sold in Australia and New Zealand through 450 pharmacies, with the retailer progressively taking a strategic shareholding in the group, and aiding…
Sydney based composites manufacturer, Quickstep Holdings (ASX: QHL) has reported another strong quarter of growth, with year to date sales now up 19 per cent on the same period last year. The manufacturer of aerospace and aviation composites reported third quarter sales up 13 per cent to $16.5 million, bringing sales so far this year…
