IDT explains mRNA vaccine related share price rise

Comment by Peter Roberts Melbourne drug development and manufacturing company IDT Australia has again been asked by the stock exchange to explain a totally understandable surge in its share price in recent times. The background to this begins with the Australian government’s approach to market to ascertain potential sites where mRNA vaccine production could take…

Manufacturing news briefs – stories you might have missed

LGP to enter psychedelics market Cannabis producer Little Green Pharma has been granted a Schedule 9 licence by the Western Australian Department of Health to supply the psychedelic psilocybin to treat mental illness. LGB has established a special purpose subsidiary for psychedelic business which is planning to manufacture psilocybin in WA and conduct clinical trials.…

RedEarth receives CEC approval for off-grid energy storage system

Battery energy storage systems (BESS) company RedEarth Energy Storage has announced that its BlackMax product has received Clean Energy Council approval. RedEarth said the product was the first Australian-made, off-grid BESS to be listed with the CEC. “It is the first Australian made; integrated battery energy storage system designed exclusively for the off-grid market,” added…

New Mackay Manufacturing Hub opens

The Queensland government-funded Mackay Manufacturing Hub opened on Wednesday as the latest part of the state’s regional manufacturing hubs network. The hubs program is budgeted at $38.5 million and aims to provide businesses with “expert advice and support to transition to advanced manufacturing,” according to its website. The $4 million Mackay facility was announced in March.…

AML3 breakthrough in aluminium welding

Additive manufacturing technology group AML3D today reported ‘ongoing success of its industry scale welding trials using innovative new (aluminium) alloy compositions’. The company said its project with Deakin University’s Institute for Frontier Materials developing new high strength aluminium-scandium welding wire for use in its wire arc additive manufacturing (WAM) process was progressing strongly. According to…

$61.5 million boost for WA’s renewable hydrogen industry

Western Australia has boosted funding to the state’s green hydrogen industries with an additional $61.5 million announced for a series of low-carbon projects. A new $50 million fund, included in the 2021-22 budget, will be used to stimulate local demand for renewable hydrogen in transport and industrial settings and to drive investment into renewable hydrogen.…