China’s punitive tariffs on Australian wine have slashed wine exports to the middle kingdom to a trickle. Australian makers sent only $3.5 million worth of wine to China in December, down from $162.9 million in October according to figures from the Australian Bureau of Statistics. Red wine exports fell from $159.9 million in October to…
The federal government is to spend up to $5 billion to build eight new mine hunter and hydrographic ships in Western Australia, more than the most recent promise of building three ships. The new ships add to the 45 small vessels already being built at the Henderson marine engineering area south of Perth at a…
Japanese trading giant Sumitomo Corporation is to add green hydrogen to its efforts to produce hydrogen in Australia for export to Asia, according to the company. The company will set up a production facility in Gladstone, Queensland with engineering company JGC Holdings to produce green hydrogen using small solar-powered electrolysers. Investment of $9.6 million will…
Adelaide outdoor blind manufacturer Ziptrack plans to boost innovation and production, including exports, from a new $10 million factory it is constructing at the Tonsley Innovation District. Construction of the new 3,000 square metre premises is underway with the company sourcing $1 million worth of equipment for the move to Tonsley, a mixed education, R&D…
Fortescue Metals Group founder Andrew Forrest stunned investors when he committed to massive investments in green hydrogen and green steel production in his recent Boyer lecture. Here is the full text of this landmark speech. The Boyer lectures are traditionally lectures – a speaker lecturing Australia about what it should do. I’ve chosen a different…
The federal government is to spend $1 billion on new longer-range missiles for the navy and air force, plugging a significant gap in Australia’s defence capabilities. The purchase of Evolved Sea Sparrow missiles and a decision to invest in developing the Standard Missile surface-to-air missile increases the range of the missile arsenal to more than …
Even a modest boost to recycling and reuse of materials instead of sending to landfill would have major economic and jobs impacts, according to a National Circular Economy Roadmap released today by CSIRO. According to the roadmap the recycling sector currently generates 9.2 jobs per 10,000 tonnes of waste, compared with only 2.8 jobs for…
The Department of Defence has dumped a $388 million contract to develop a submarine rescue system for the Navy’s Collins class submarines according to media reports. Last week ABC news reported that a departmental review has recommended the contract be scrapped, with Canberra likely to have to pay compensation. Phoenix is the prime contractor for…
By Peter Roberts Carbon Revolution, already the only company in the world capable of manufacturing a one-piece carbon fibre road wheel, is building on its advantage with plans to introduce a Mega-line manufacturing system. The company, which supplies wheels to performance vehicles such as the Ford Mustang GT350R, Ferrari 488 Pista and Renault Megane R.S.…
BusTech Group and its partner Scania Australia have delivered their first two hybrid buses for the Adelaide metropolitan commuter network. The new hybrid buses (pictured), with the bright green tops, have been designed to reduce emission by 25 per cent and have a 15 per cent reduction in fuel consumption. The hybrid buses hit the…
