Hazer completes $9 million raise

Chemical engineering company Hazer Group announced on Monday that it has received binding commitments amounting to $9 million, before costs, under a placement.  The firm commitments for ordinary, fully-paid share came from “institutional, sophisticated and professional investors” and at an issue price of $0.50 per share, “together with a free attaching quoted HRZO class option…

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‘Green’ or ‘blue’ hydrogen – what difference does it make? Not much for most Australians

By Mitchell Scovell, CSIRO and Andrea Walton, CSIRO Hydrogen can play a key role in Australia’s energy transition by giving us additional ways of storing and moving energy around. As the world shifts towards cleaner energy production, there’s a push to make hydrogen production cleaner as well. In Australia, low-emission hydrogen is produced in two…

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Progress, procurement and pulp

As we near the deadline for nominations for Australia’s 50 Most Innovative Manufacturers, we look at one of the companies near the top of 2023’s list. Brent Balinski speaks to Faz Pollard from Adarsh Australia. Perhaps you’ve asked the question, to yourself and/or your peers: “What has actually changed for manufacturers since Covid?” It’s easy…

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Critical mineral nickel slump spurs government action

A slump in prices for the critical mineral nickel – used in battery manufacture – has brought action from the federal and Western Australian governments. In the past few days federal Resources Minister Madeleine King placed nickel on the Critical Minerals List, giving nickel companies opportunity to access billions of dollars in Commonwealth funding. And…

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Singaporean rockets set for Arnhem space port launch

Spaceport operator and launch technology infrastructure company, Equatorial Launch Australia (ELA) has announced the signing of a Memorandum of Understanding (MOU) with Singaporean rocket company Equatorial Space Systems (ESS) to launch Dorado suborbital rockets at the Arnhem Space Centre. ESS has plans for rockets including orbital rockets and the MOU paves the way for a…

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Carbon Revolution sales up, US listed shares down

By Peter Roberts Australian-born, US based automotive wheel manufacturer Carbon Revolution has announced preliminary sales for the fiscal second-quarter ending December 2023 of a record US$14.8 million, exceeding previously announced guidance for the quarter of US$14.0M-US$14.5M. For the year ended December 31, 2023, revenue increased 42 percent to US$40.3 million. CEO of Carbon Revolution Jake…

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Powering Australia industry growth centre announced

The federal government has awarded $14 million to Powering Australia Limited to establish the Powering Australia Industry Growth Centre to help Australian businesses manufacture renewable energy technologies. The Centre which stems from the Energy Storage CRC and Curtin University will fund activities and provide services to: help commercialise locally manufactured renewable energy technologies and ideas…

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