Chair of building products company CSR has said Australian manufacturers were paying gas prices similar to or greater than those in gas-poor Asian countries, and that this could end up sending companies offshore.
The NSW and Victorian governments should be following the Queensland government’s lead and opening up new gas supplies for industrial users, according to Manufacturing Australia.
Incitec Pivot announced yesterday that its Gibson Island ammonia factory will continue running, and that gas supply had been secured through until the end of 2022.
Dow Chemical has announced that it will shut its Altona plant, shedding 26 jobs, citing international competition and rising gas prices among factors.
Australia has moved up one place to 18th in the IMD World Competitiveness Yearbook rankings, though the results indicate major improvement is needed in areas including digital skills and energy, says the study’s Australian partner.
National Energy Resources Australia has released a new report on the country’s energy knowledge, which it argues has not improved in up to a decade.
A new $10 million boiler powered by sawdust produced from milling is powering Dongwha Australia’s kilns at Bombala.
While the gas crisis should arguably be a priority for whoever wins the next election, there is also room for Australian companies the help themselves. According to the International Energy Agency, Australian manufacturers are more energy-inefficient than those of any other developed nation, measured by energy per dollar of output.
Analysis by Peter Roberts A major trend is developing with big manufacturers by-passing distributors and retailers and dealing direct with gas producers to secure reasonably-priced, long-term access to the key industrial fuel. Queensland gas producer Senex Energy (ASX: SXY) signed an initial deal this week with packaging manufacturer, Orora (ASX: ORA). The two year agreement…
Australian manufacturing continued to grow in April, with the Australian Industry Group Performance of Manufacturing Index result improving 3.8 points to 54.8.