Proposed changes to Australia’s foreign investment rules will “imperil” the future of the country’s quantum computing sector and severely disadvantage local tech companies, according to a number of submissions to government.
The Grattan Institute has questioned how beneficial cheaper gas would be for the manufacturing sector, claiming that only 4,000 – 5,000 jobs on the east coast are in gas-dependent companies, and that the fuel and feedstock represents only 0.5 per cent of the industry’s total input costs.
Federal Energy Minister Angus Taylor is on Tuesday expected to outline the Morrison government’s first Low Emissions Technology Statement, plotting Australia’s way forward on climate action. It’s likely to include “negative emissions” technologies, which remove carbon dioxide (CO₂) from the air.
The federal government has promised increased scrutiny of defence project decision-making to increase opportunities for local project suppliers.
AWU says stronger trade laws, local purchasing needed, citing country’s last remaining copper manufacturer
The Australian Workers’ Union has said action is needed on trade cheating and procurement on government projects to strengthen Australian manufacturing.
Three feasibility studies were announced on Wednesday for Australian manufacturers wanting to contribute to the build phase of the first three Hunter Class frigates.
The Queensland government has announced a target to make 25 per cent of its PPE purchases from manufacturers located within the state.
Federal government to invest $211 million in fuel security to protect against risk and price pressures
The government is seeking to have the $200 million grants for new storage matched by state governments or industry. Its focus will be on projects in strategic regional locations, connected to refineries and with connections to existing fuel infrastructure.
Port Melbourne-based 3DMeditech has earned a $3.7 million contract for nasopharyngeal swab kits, which will be delivered to the National Medical Stockpile up to March next year and be used to test for Covid-19.
Australia and Germany have signed a declaration of intent on a feasibility study “into the potential for closer collaboration and the future development of a hydrogen supply chain”.