Forbidden Foods has announced it has received firm commitments to raise $1.08 million through a share placement, which will support its expansion plans in the United States. The $1.08 million (before costs) was through 30.42 million shares issued at $0.0355 per share. An additional 1:3 rights issue to eligible shareholders will also be undertaken, with…
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CSL opens its latest Victorian factory Biotechnology giant CSL has just formally opened its latest investment in Victorian pharmaceutical manufacture. The company’s $900 million Plasma Fractionation Facility (pictured) is the largest of its kind in the Southern Hemisphere. Talent acquisition partner at CSL Sam Edwards said: “This represents a nine fold increase in our production…
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University of Sydney researchers and partners have developed a new, low-cost battery which has four times the energy capacity of lithium-ion batteries and is far cheaper to produce will cut the cost of transitioning to a decarbonised economy. Led by Dr Shenlong Zhao from the University’s School of Chemical and Biomolecular Engineering, the battery has…
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GFG Alliance chairman Sanjeev Gupta has announced a massive boost to his Whyalla, South Australia iron ore mining operations as well as the production of green steel from hydrogen via direct reduction. Reports in the Channel 9 and News Corporation media said his company planned to quadruple the workforce of his Whyalla mining and steelworks…
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Construction on Moderna’s first factory in the southern hemisphere is underway within Monash Technology Precinct, Monash University announced on Wednesday. An agreement between the Victorian and federal governments and Moderna was made public in March this year – before the change of federal government – and finalised in August. The site is expected to be…
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UNSW opens new hydrogen centre UNSW opened its new ARC Training Centre for The Global Hydrogen Economy earlier this week. The Australian Research Council awarded $4.9 million to “GlobH2E” in 2020, said the university, “to engage Australia’s best researchers to develop hydrogen technologies and innovations to aid the world’s transition to renewable energies”, with $3.5…
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Additive Assurance, a Monash University spinout developing in-process quality assurance technology for 3D printing, has announced successful completion of a $4.1 million funding round. The raise was led by Significant Capital Ventures (SCV) – which will gain a seat on AA’s board – and supported by Hostplus, with existing investors IP Group Australia and Monash…
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By Nathan Garland, Griffith University and Matthew Hole, Australian National University Our society faces the grand challenge of providing sustainable, secure and affordable means of generating energy, while trying to reduce carbon dioxide emissions to net zero around 2050. To date, developments in fusion power, which potentially ticks all these boxes, have been funded almost…
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KPMG Australia and Stone & Chalk Group have today announced their first Future Technology Program cohort, which backs Australian startups building supply chain solutions. The successful startup founders and their teams will receive residency for 12 months at one of Stone & Chalk Group’s startup hubs located in Sydney, Melbourne or Adelaide. They will also…
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Businesses are increasingly being asked to report, justify and act to reduce their carbon emissions. Here Bruce Macfarlane outlines what it means as the circular economy crashes into supply chains. As the UN’s COP27 carnival packs up and leaves Egypt’s Sharm el-Sheikh, many questions will be on the minds of government and business leaders. Like…
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