Australia has committed $1.6 billion to help research projects become commercialised. Here’s what the money will do

By Rajat Roy, Bond University and Vik Naidoo, University of Sydney The federal government is investing $2.2 billion for university research commercialisation which would place “university innovation and industry collaboration front and centre of Australia’s economic recovery.” Part of this funding includes $1.6 billion over ten years for Australia’s Economic Accelerator – a new competitive…

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Canberra puts foreign companies at head of multi-billion missile programme

By Peter Roberts The federal government has selected foreign defence contractors and allocated a supporting role to two genuinely Australian consortia in accelerating the rollout of ‘sovereign’ guided weapons capabilities. Minister for defence Peter Dutton announced a $3.5 billion investment in speeding delivery of new missile capabilities for the Royal Australian Air Force and the…

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Quickstep wins Jetstar maintenance contract expected to net up to $35 million

Quickstep has been awarded a three-year Asia-Pacific maintenance contract with Jetstar Airways, worth an expected $30 – $35 million and with services expected to begin in April. ASX-listed Quickstep and Triumph Aviation Services Asia led the tender response for the MRO contract, covering Jetstar’s Airbus A320 fleet’s V2500 engine nacelles. Quickstep and TASA announced a…

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Line Hydrogen unveils Tasmania green hydrogen plant

Queensland-based Line Hydrogen has announced their first commercial-scale green hydrogen plant in Tasmania set to begin construction by the middle of 2022. The company has executed a terms sheet with Climate Capital’s Bell Bay Solar Farm to construct up to a 5MW ground-mounted solar farm in George Town, Northern Tasmania. This will supply behind-the-meter renewable…

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Canberra’s $1.25 billion backing for rare earths production

By Peter Roberts The federal government has made an unprecedented intervention in private business funding with the approval of a $1.25 billion loan through the Critical Minerals Facility to Australian company Iluka Resources. The massive loan – picking winners on a grand scale – will fund the development of Australis’s first integrated rare earths refinery…

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