The Queensland government is investing in a new gas-to-electricity power project that will reduce mining emissions by more than one million tonnes of carbon dioxide. The project will expand the Kestrel Coal Resources underground mine’s drainage system to capture more fugitive gas, preventing it from being released into the atmosphere. The coal mine waste gas-to-electricity…
A new Maritime Maintenance Building has been officially opened on the Cairns waterfront to provide service and repair facilities for large ships, boosting the city’s marine infrastructure. Norship’s $16 million new building will house the company’s abrasive blasting and spray painting operation which will service defence, commercial and private sector marine vessel customers. The building…
The Queensland government has announced what it says is $25 million in new funding for manufacturing programs in the state budget, handed down on Tuesday. Treasurer Cameron Dick announced $52 million for existing and new grant programs in the budget, the last before the October 26 election and the first with Steven Miles as premier.…
Excitement is building as Gold Coast based Gilmour Space Technologies prepares its Eris rocket for its inaugural flight into space. The company has been teasing the public for weeks about the planned date for the historic launch – the first of a fully Australian developed and manufactured rocket capable of reaching Low Earth Orbit. Australia’s…
Graphene Manufacturing Group announced this week that it has signed a Queensland Critical Minerals and Battery Technology Fund Agreement with the state government for a $2 million grant, supporting the company’s proposed battery pilot plant. Brisbane-based and Toronto-listed GMG is commercialising graphene aluminium ion batteries among other graphene-based products. GMG claims that their batteries, developed…
The Queensland government has launched a new plan to deliver hundreds of locally made zero emission buses through direct government procurement. The new zero-emission buses will replace aging diesel buses in operation on the Translink network, with more than 400 buses locally manufactured, dependent on a competitive procurement process. The commitment builds on the Government’s…
Cochlear upgrades profit outlook on strong implant sales Hearing implant manufacturer Cochlear has upgraded earnings guidance following better than expected growth in revenue from bionic ear implant sales. The company told investors underlying net profit for FY24 was now expected to be between $385-400 million, a 26 to 31 percent increase on FY23. The upgrade…
Applications are now open for a new Queensland government fund that aims to back businesses to deliver more bush projects. The $50 million Backing Business in the Bush Fund will support small to medium sized enterprises (SMEs) that are looking to expand, enhance or diversify their business operations across regional Queensland. By investing in productivity…
Queensland is firming a renewable energy future with the delivery of the state’s first renewable energy peaking power plant now officially underway. In a partnership led by publicly owned energy company, CS Energy, GE Vernova will supply hydrogen ready peaking generation units, decreasing future reliance on fossil gas. GE Vernova will supply the equipment for…
Gold Coast-based cooling solutions company PWR Advanced Cooling Technology has been awarded “up to $8.78 million” through the state government’s Invested in Queensland program to assist in an expansion. According to a statement from trade and investment minister Cameron Dick on Friday, PWR will invest $21.9 million in a new facility at Stapylton and in…
