The local oil refining sector has shrunk to parlous levels, while national airline Qantas has a need to reduce its carbon emissions. Shane West ponders how both issues could be tackled by a move to refine jet fuel from local crude oil. This is a great opportunity to bolster the Australian refining industry and reduce…
Anti depression drug developer Bionomics completes equity raising Bionomics has successfully completed an over-subscribed equity raising from current shareholders, raising $2.2 million before costs. The raising will accelerate the commercialisation of the company’s drug candidate, BNC210 for the treatment of post traumatic stress disorder. The company is also developing drugs for the treatment of pain,…
Last week @AuManufacturing revealed NSW had bought 2,000 railcars and trams in a decade overseas. Here Ross Sterland, explains how the problem could be turned into a lean manufacturing local opportunity. The year is 2050. Australia’s rail rolling stock manufacturing industry is world-leading. At a federal level, the government’s 30-year plan to reinvigorate the industry…
Rare earths producer Lynas Corp has reported its processing operations and sales are recovering from Covid-19 pandemic levels, and foreshadowed the possibility that governments in Australia and elsewhere may provide assistance to extend its strategic processing operations. The Perth company, which mines rare earths at Mt Weld in Western Australia and operates a controversial processing…
Resources and chemicals group Australian Vanadium has extended its option to purchase land for a value-adding metals processing facility close to the port of Geraldton in Western Australia. The company is developing a vanadium, iron and titanium resource at Gabanintha south of Meekatharra, where it will undertake crushing, milling and benefaction of the magnetite ores.…
The Clean Energy Finance Corporation has emphasised its focus on renewable energy and made scant reference in its future plans to so-called transitional technologies such as carbon capture and storage and gas which are favoured by the federal government.
Hearing implant manufacturer Cochlear has regained some of the massive slump in business as implant surgeries were cancelled due to the Covid-19 pandemic, but the company cautions business risks remain high. In a first quarter trading update, Cochlear told investors that cochlear implant or bionic ear revenue in the quarter was 94 per cent of…
By Peter Roberts The federal government has reinvigorated the advisory board helping to implement its Modern Manufacturing Strategy with a new name and a number of high-powered business appointments. The newly named Industry Innovation and Science Australia (IISA) adds industry to the name and purpose of the former body and will continue to be led…
Oil and gas producer Woodside Energy has begun searching for a contractor to design and build a renewable hydrogen power plant in Tasmania, one of two green hydrogen projects it has been pursuing that may lead to bulk export. Global oil and gas sector website Upstream reported Woodside had hosted an expressions of interest briefing…
Textile, clothing and footwear manufacturers remain committed to local manufacturing and retaining jobs in the industry post COVID-19, according to a survey by Ethical Clothing Australia. The survey of 34 Australian textile, clothing and footwear manufacturers was conducted in the lead up to Ethical Clothing Australia Week which runs from 18-24 October. One hundred per…
