Green iron production could boost Australia’s economy by up to $295 billion annually: new report

Manufacturing News

Producing iron using renewable hydrogen is Australia’s best pathway to remain competitive as the global steel industry decarbonises, according to research published by Deloitte and WWF-Australia on Wednesday. The report, titled Forging Futures: Changing the nature of iron and steel production, assessed different approaches for Australia to support steelmaking decarbonisation in the Asia-Pacific region, which…

Lockheed Martin muscles up local defence

Analysis and Commentary, Defence, Manufacturing News

Lockheed Martin Australia’s supply of key defence equipment comes with extensive economic benefits, according to the Lockheed Martin Australia 2022 Economic Impact Report, produced by Deloitte Access Economics. LMA supplies the F-35 Joint Strike fighter, Sikorsky helicopters and Lockheed C-130J Super Hercules transport aircraft among others supports 3,422 jobs nationally, according to DE. Highlights from…

The banks role in industry assistance – by Damon Cantwell

Analysis and Commentary, Manufacturing News, Technology

The advent of the National Reconstruction Fund offers the Federal Government an opportunity to learn from past industry programme mistakes, and make the whole process of industry support more efficient, writes Damon Cantwell. The $15 billion National Reconstruction Fund programme is not offering grants, but a mixture of concessional loans, guarantees and some equity positions.…