The federal environment minister Sussan Ley has toured Waratah-based steel maker Molycop’s facilities in NSW to view in person efforts to decarbonise steel production. Ley joined UNSW SMaRT Centre Director, Professor Veena Sahajwalla at the Newcastle steel works to see up close SMaRT’s Green Steel technology that uses waste to replace coke and coal in…
High speed precision welding developer K-TIG has experienced record cash receipts in the December quarter of $1.5 million as uptake of its equipment accelerates. Revenue was 44 per cent higher than the first quarter, and 157 per cent up on the previous corresponding period. Growth was achieved with only one distributor selling its products, with…
By Peter Roberts Labor has found a way to both support the construction of a gas-fired power station at Kurri Kurri in New South Wales and burnish its green credentials, according to media reports. Channel 9 media has reported Labor leader Anthony Albanese and climate and energy spokesman Chris Bowen will travel to Kurri Kurri…
The covid-19 pandemic has again forced closures of manufacturing facilities operated by global rubber glove manufacturer Ansell and one of its suppliers has been penalised, apparently for potential forced labour issues. Nonetheless a company update of first half sales of surgical and examination and protective work gloves showed a rise on the previous corresponding period…
Australian rocket motor developer Valiant Space has secured a June Orbital launch with space services company Skykraft. Valiant Space, which has developed a chemical thruster designed to help satellites manoeuvre in orbit and in space, will launch a payload into orbit onboard a SpaceX Falcon 9 mission. The company will utilise Skykraft’s Skyride rideshare service…
Investment in a transition in the energy market to low-carbon alternatives has passed $1,000 billion for the first time, according to new figures from BloombergNEF. Their Energy Transition Investment Trends 2022 report found that global investment in renewable energy, energy storage, electrified transport, electrified heat, nuclear, hydrogen and sustainable materials hit $1.1 trillion (US$755 billion)…
AnteoTech asked for further information for Covid-19 test application Surface chemical company AnteoTech has been asked by Australia’s Therapeutic Goods Administration to supply further information on its EuGeni test reader and SARS CoV-2 Rapid Diagnostic Test (RDT). The company is one of three Australian manufacturers of RDT tests awaiting approval to sell their tests locally.…
Diverse food producer SPC Global has completed a capitalisation program which resulted in the injection of $111 million earmarked for its next phase of growth. The capital is a combination of equity investments by The Australian Meat Industry Superannuation Trust (AMIST), the family office of Khalil (‘Charlie’) Shahin AO, and the sale and leaseback of…
Sales of one piece carbon fibre road wheels by Geelong manufacturer Carbon Revolution are recovering strongly from their Covid-19 supply chain related slump. The company reported today wheel sales in the second quarter FY22 of 4,397, up 109.4 per cent on the first quarter. Quarterly revenue was $11.4 million, an 82.6 per cent jump from…
Sleep apnoea equipment developer ResMed has reported continuing growth in sales as equipment sales grow and software as a service (SAAS) offerings gain traction. CEO Mick Farrell said second quarter 2022 revenues grew 12 per cent to $1.27 billion, or 13 per cent in constant currency terms. Farrell said: “Our second quarter results reflect continued…
