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…
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..…
Companies making things as varied as caravan electronics and reusable cups have recently told us about why bringing manufacturing home is an advantage.
The number of situations where Internet of Things solutions can do something useful is growing fast, as is the market for such solutions.
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 GFC Alliance is restructuring its UK steel and engineering assets, the Liberty Primary Steel works…
Magnis Energy Technologies (ASX: MNS) has reported positive progress by Imperium3 Townsville (iM3 TSV) developing a business case for a $2 billion lithium-ion battery cell gigafactory in Townsville. Magnis is one third owner of Imperium which said findings supported the radid development in both the business case and technical solution for a 12 GWh production…
The board of DuluxGroup (ASX:DLX) has unanimously recommended shareholders accept an acquisition proposal by Japan’s Nippon Paint Holdings at $9.80 a share, 28 per cent higher than yesterday’s closing price.
Solar panel startup Solpod has received Australian Renewable Energy Agency (ARENA) support and will install its novel redeployable pods at 25 commercial and government buildings.
The Australian space industry has received a $245m injection with the launch of the Cooperative Research Centre for Smart Satellite Technologies and Analytics, announced today in Adelaide at the University of South Australia.
If you’re a cafe-goer, it’s near impossible that you’ve missed the surge in popularity for reusable cups.
