A new Monthly Business Turnover Indicator released by the Australian Bureau of Statistics (ABS) on Wednesday showed turnovers at manufacturing companies up slightly, rising 0.7 per cent over September. In the second release of the experimental monthly economic indicator — following August figures released last month — it showed turnovers fell for most industries. “Electricity,…
Electrical engineer Ampcontrol has partnered with space tracking firm LeoLabs Australia on an ambitious $240 million project to construct new factories and upgrade others to build and maintain sophisticated radar systems. Dubbed the Aussie Space Radar Projct (ASRP), the project comes with a direct $160 million investment by LeoLabs Inc – the largest investment by…
Prime minister Scott Morrison has announced $500 million for a new public-private fund to invest in emerging low-carbon technologies, with legislation for this to be introduced before the end of the parliamentary term.
Chemicals and explosives business Orica is to invest $37 million to reduce greenhouse gas emissions at its Kooragang Island, Newcastle manufacturing operation by 48 per cent. The facility includes an ammonia plant, three nitric acid plants, two ammonium nitrate plants and a product dispatch facility and is one of Orica’s key manufacturing sites. The company…
Turkey-based metal forming machine specialist Repkon Makina ve Kalip has become a strategic investor in Titomic, acquiring a $2.5 million stake in the Australian large-scale additive manufacturing business. Repkon would be issued 9,615,384 ordinary fully shares at 26 cents a share, according to a statement to the ASX by Titomic on Tuesday. The two companies…
Applications are open for grants assisting new recycling projects in regional and remote NSW, with between $10,000 and $1,000,000 available in state-federal funding per project.
An industry research project to develop new systems for precision handling of heavy loads such as the installation of giant wind turbine blades in strong winds has progressed to proof of concept testing. Backed by $178,000 in commercialisation funding from the Advanced Manufacturing Growth Centre (AMGC), lifting and load orientation products manufacturer Verton’s Windmaster is…
Fertiliser and explosives manufacturer Incitec Pivot has failed after a long search to secure an economically viable long-term gas supply to its Gibson Island, Brisbane fertiliser plant. As a result the company has announced the closure of the plant after 50 years of operation when the current gas contract runs out in December, 2022. The…
Hydrogen fuel cell vehicle manufacturer H2X Global has joined with French group Thales New Energy to deliver GW-scale green ammonia and hydrogen for export from Sarawak, Malaysia The partners and the Sarawak Economic Development Corporation (SEDC) will build GigaWatt-scale green hydrogen and ammonia generation facilities at the Samalaju Industrial Park and Port. The facility will…
The Australian Renewable Energy Agency has awarded $1.5 million in support for a feasibility study into a green hydrogen hub at Newcastle, the east coast’s biggest port.
