Pure Hydrogen reaps clean energy rewards Pure Hydrogen announced a rise in revenue during the first half from $206,000 to $6.13 million as it reaped rewards from its focus on developing end to end green hydrogen fuel ecosystems, The rise saw NPAT improve from a loss of $808,000 in the previous corresponding period to a…
In the first of two articles in our new series – Celebrating Australian Sovereign Capability – Lance Worrall argues that sovereign capability depends on Australia’s reindustrialisation and rediscovering the positive role of government in setting directions for inclusive growth. The phrase ‘sovereign capability’ re-entered our lexicon during the pandemic. Covid severely disrupted international supply chains,…
By Brent Balinski “Geelong’s had an interesting evolution and obviously the company in its various forms reflects that,” Ross George, Managing Director of Austeng, a self-described boutique engineering firm plying its trade in the city. “My grandfather supplied parts to International Harvester, Ford, Alcoa, Pilkington Glass, and so all the Geelong-based automotive businesses, which have…
QinetiQ creates new “Australian Sector” operation UK-headquartered defence business QinetiQ Group has announced the formation of a new Australia Sector, with Gary Stewart as the Sector’s Chief Executive, effective May 1. Stewart joins from Rheinmetall Defence Australia where he was the Managing Director, responsible for strategy and operational delivery in the Asia Pacific region. The…
By Ian Mackinnon, Queensland University of Technology and Richard Taylor For most of us, transmitting power is an invisible part of modern life. You flick the switch and the light goes on. But the way we transport electricity is vital. For us to quit fossil fuels, we will need a better grid, connecting renewable energy…
Spoehr joins circular economy advisory group Professor John Spoehr, Pro Vice-Chancellor (Research Impact) and Director of Flinders University’s Australian Industrial Transformation Institute, has joined the new Circular Economy Ministerial Advisory Group. Reporting to federal environment minister Tanya Plibersek, the advisory group will work with state and territory environment Ministers, industry leadership and the 15-member national advisory group…
Minister for Industry and Science Ed Husic has met with United States Secretary of Commerce Gina Raimondo in Washington to further strengthen commercial ties, cooperation and Australia’s economic integration with the US. Husic said in a statement: “This meeting provided an opportunity to reinforce Australia as a safe, secure partner in scientific and technological collaboration.…
The European Investment Bank (EIB), backed by the InvestEU programme, is granting a €36.7 million loan to Königswarter & Ebell, a German subsidiary of Australian Battery cathode materials producer Pure Battery Technologies (PBT). The project involves construction of a commercial demonstration plant at a brownfield industrial site owned by Königswarter & Ebell in Hagen, Germany…
Cyclopharm receives R&D tax refund Radiopharmaceutical manufacturer Cyclopharm has received a $1.64 million tax incentive payment from the Australian Taxation Office. Meanwhile the Sydney company is continuing to progress the attainment of US Food and Drug Administration approval for the sale of its Technegas lung imaging products in the United States. Cyclopharm is finalising its…
Quickstep business update shows strong recovery from FY22 Advanced composites manufacturer Quickstep has updated its business outlook and for the first time talked on expansion plans in the United States. The Sydney company told investors it expected FY23 revenue to be $100 million, up 15 per cent on the previous year – 94 percent of…
