Perth wave energy developer, Carnegie Clean Energy (ASX: CCE) appears to have avoided oblivion after creditors approved a restructuring and recapitalisation plan to save the business. The plan, developed by KordaMentha Restructuring acting as administrators of Carnegie, will see secured creditors swapping debt for equity and the raising of $5 million. Unsecured creditors will likely…
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Tyre recycler Green Distillation Technologies, which has developed world-first technology that transforms old tyres into oil, carbon and steel, is pressing ahead with plans for its second plant. The company has received approval for a plant proposed for Toowoomba from the Queensland Department of Environment and Science, adding to their existing facility at Warren, NSW..…
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The new Circular Economy Innovation Network has held its first stakeholder meeting, with the NSW government initiative in its startup phase and aiming to identify opportunities to reduce and reuse waste.
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The federal opposition has pledged, if successful at the May 18 election, that it will use $1.5 billion re-purposed from the current $5 billion Northern Australia Infrastructure Facility to address the east coast’s gas shortage.
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It all started with a bang…the big bang! The explosive power of hydrogen fueled a chain reaction that led to the Universe we have today. Now this power is being deployed on Earth to supply the energy needs of tomorrow. For Australia, solar powered splitting of water into hydrogen, and exporting it to Asia in…
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Medical technology group, Compumedics (ASX: CMP), has won a major new contract in the United States for its world-leading computerised medical monitoring systems. The company, which develops and manufactures a range of medical devices and systems for sleep, brain and ultrasonic blood flow monitoring, installed Australia’s first computerised sleep clinic in 1987. Now it has…
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Companies making things as varied as caravan electronics and reusable cups have recently told us about why bringing manufacturing home is an advantage.
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The number of situations where Internet of Things solutions can do something useful is growing fast, as is the market for such solutions.
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Comment by Peter Roberts British businessman Sanjeev Gupta has announced a restructuring of his iron and steel making empire, using the very same strategy employed to build Australia’s steel industry, but on a global stage. As reported by @AuManufacturing, Gupta’s GFG Alliance is restructuring its UK steel and engineering assets, the Liberty Primary Steel works…
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Biotechnology start-up Next Science (ASX: NXS) has shown Australian investors are prepared to support a research based manufacturer with an impressive debut on the stock exchange. Shares in Sydney-based Next Science, which carries our research and operations in the United States, rose 35 per cent on listing last week to $1.35. More than $35 million…
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