Analysis by Peter Roberts When it first became clear that vehicle assembly was finished in Australia the predictions of job losses were truly massive. But three years later the Coalition, which dealt the coup de grace to the sector, is claiming credit for an orderly transition for many of the local suppliers to the three…
By Peter Roberts While the federal government has reluctantly said it might ‘evolve’ its climate action policies the outcomes of current policy settings are seeing a collapse in investment in renewable energy alternatives to burning dirty fossil fuels. New figures from Bloomberg New Energy Finance (BNEF) show a near 60 per cent fall in investments…
Two new instruments to be built for Australian radio astronomy facilities have the potential to create new spin-off industrial opportunities. Australian Research Council Linkage Infrastructure, Equipment and Facilities (LIEF) grants have been awarded to develop a new receiver for the Parkes radio telescope, and a new digital signal processor for the Australia Telescope Compact Array…
In the 2019-20 Federal Budget, the Australian Government announced the $19.5 million Space Infrastructure Fund (SIF). This investment into infrastructure will help to grow the Australian space sector. The SIF targets 7 infrastructure projects for common-user platforms that industry cannot provide alone. Two of these projects are now open for grant applications: Mission Control Centre…
BlackRock, the mega funds manager which this week announced an exit from coal investments, has joined the share register of the producer of the iconic Australian red wine Penfolds Grange. The company has bought 7.3 million shares worth $250 million in Australia’s leading wine producer Treasury Wine Estates (ASX: TWE) over recent weeks. The global…
Metastatic cancer treatment biotech Noxopharm (ASX NOX) has successfully listed its Nyrada Inc spin off on the Australian Stock Exchange. Noxopharm, which is focusing on commercialising its Veyonda treatment for late-stage cancers, listed Nyrada to develop non-oncology drug prospects developed by the group. Nyrada is listed as a foreign company on the ASX through the…
Energy storage company 1414 Degrees (ASX: 14D) has successfully integrated its GAS-TESS energy storage system with a SA Water wastewater treatment plant. The system is the first in the world to store energy from biogas created in the waste treatment industry in molten silicon, recovering the energy later to generate electricity. As reported in @AuManufacturing,…
The future of yet another Australasian aluminium smelter is coming under threat because of unsustainable energy prices, according to media reports. The owners of Australia’s largest aluminium smelter at Tomago in NSW have warned the NSW government that rising energy prices could have a significant impact their operations. Tomago Aluminium Company, a jont venture of…
Nerve technology developer Orthocell (ASX:OCC) has received a $2.9 million R&D tax incentive refund for the 2018/19 financial year. The Perth company, which is commercialising its CelGro product to facilitate the regeneration of severed peripheral nerves, will invest the funds to accelerate regulatory approvals and to advance R&D. The company also recently raised new capital…
Resources and chemicals group Australian Vanadium (ASX: AVL) has signed an agreement which could see its services and products sold into the China market. The company, which is developing large-scale vanadium deposits and manufactures vanadium battery electrolyte, signed agreements with Hebei Yanshan Vanadium and Titanium Industry Technology Research Co to allow the negotiation of a…
