Fortescue and Incitec Pivot study green ammonia production

Global renewable energy company Fortescue Future Industries (FFI) has announced yet another green business venture – a joint feasibility study with fertiliser and explosives manufacturer Incitec Pivot for the conversion of ammonia production to utilise green hydrogen. The study, announced after a week in which FFI revealed plans for a $1 billion green equipment manufacturing…

Debt restructured for high performing Whyalla steelworks

The GFG Alliance has agreed to a debt restructuring for Liberty Primary Metals Australia with Credit Suisse Asset Management, ending uncertainty over the future of the Whyalla steelworks. The company said Whyalla had ‘registered record-breaking performances following its operational efficiency drive, continuous improvement initiatives and favourable market conditions underpinned by strong investment in infrastructure.’ LPMA’s…

New Wine Australia CEO named

Dr Martin Cole has been named the incoming CEO of Wine Australia, beginning on November 15, in a statement from federal agriculture minister David Littleproud “Under Dr Cole’s leadership, Wine Australia will continue to deliver on its mission to support a competitive wine sector, growing domestic and international markets and protecting the reputation of Australian wine,”…

Fortescue to build ‘$1bn’ green equipment manufacturing plant

Andrew Forrest’s Fortescue Future Industries is to construct the world’s largest electrolyser, renewable industry and equipment factory at Gladstone, Queensland FFI, which only last week announced it was designing a 1Gw solar PV factory to be sited in Australia, made the announcement of the first stage on Sunday. FFI said total investment could add up…

Applied EV autonomous vehicle shows the futility of Australia’s car plans

By Peter Roberts For several decades Australia has a series of ‘car plans’ that succeeded in reducing model proliferation in what was once a highly protected industry, creating a sector which was technologically advanced and, with the subsidy of the plan, profitable for the surviving companies Ford GM and Totoya. It made an important contribution…

Going Dutch – Fortescue planning Australian solar PV factory

Andrew Forrest’s Fortescue Future Industries has purchased a Dutch green hydrogen and solar PV business and announced a major expansion including plans to build a solar PV manufacturing plant in Australia. FFI has purchased a 60 per cent stake in Dutch-based High yield Energy Technologies (HyET) Group and provided the majority share of financing for…