By Peter Roberts Climate Change and Energy Minister Chris Bowen has topped off a national tour of green energy projects across the country with the inauguration of a community battery in Bondi, New South Wales. Flanked by CEOs Marc England of Ausgrid, Frank Calabria of Origin and Mark Collett of Energy Australia he revealed that…
Chemicals and explosives manufacturer Orica is to deploy tertiary emissions abatement technology at a second site – its Yarwun chemicals and ammonium nitrate facility in Gladstone, Queensland (pictured). Orica expects to eliminate an estimated 200,000 tonnes of carbon dioxide equivalent (CO2-e) annually once the project is complete. The installation of two tertiary abatement reactors at…
Orica announces executive appointments including new CFO Explosives technology group Orica has announced changes to its executive committee. Chief Financial Officer, Kim Kerr has decided to leave Orica and James Crough has been appointed as CFO. James joined Orica in May 2019 as Vice President of Finance, Australia Pacific and Asia. Subsequently, he was Interim…
DXN in biggest data centre sale Modular data centre manufacturer DXN has signed a contract to supply four cable landing stations for the East Micronesia Cable System. The contracts, worth $5.7 million, is DXN’s largest contract to date. The contracts are for telecommunications operators in the Federated States of Micronesia, Nauru and Kiribati and are…
Aluminium chemicals company Alpha HPA has continued to develop its Stage 1, battery materials Precursor Production Facility (PPF) in Gladstone, Queensland. The company told investors that following first small scale commercial production of high purity aluminium nitrate (Al-nitrate) precursors in March, the plant was now in production of high purity aluminas (HPA). The company is…
Chemicals and explosives manufacturer Orica is to acquire 100 per cent of the common stock of Cyanco Intermediate 4 Corp. (Cyanco) (the Acquisition) from an affiliate of Cerberus Capital Management, L.P. (Cerberus) for US$640 million. The acquisition of Cyanco, a US-based leader in the manufacture and distribution of sodium cyanide primarily serving the gold mining…
Orica the latest to create value from unused land Chemical and explosives business Orica has sold 66 hectares of unused industrial land at Deer Park in Melbourne to UniSuper for $260 million. The sale, stage 1 of a land sale process, netted a net profit after tax of $173 million for the Melbourne company. The…
Explosives and blasting technology group Orica has reported strong earnings across all business segments for FY2023. Statutory Net Profit After Tax (NPAT) was reported as $295.7 million, compared to $60.1 million in the previous year but including $73.3 million of significant items expense after tax. Underlying EBIT from continuing operations was $698.1 million, up 24…
Chemicals and explosives technology manufacturer Orica today announced accelerated climate change targets. The Melbourne company has invested to deliver significant reductions in net operational Scope 1 and 2 greenhouse gas (GHG) emissions, according to the company. A forecast 19 per cent emissions reduction from FY2019 levels by the end of FY2023, successful low-emissions technology deployments,…
Explosives and fertiliser manufacturer Orica has said it will follow on from significant reductions in carbon emissions from its New South Wales ammonia nitrate facility under the federal government’s Safeguard mechanism with further cuts planned at its Queensland sites. Speaking at a Thursday press conference, Orica CEO Sanjeev Gandhi said emissions had been cut this…
