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…
Critical metals producer Alpha HPA will go ahead with its $300 million second stage of its Gladstone high purity alumina facility following Queensland government support through a $21 million Industry Partnership Program grant. The company’s Stage 1 Precursor Production Facility (PPF, pictured) is already in operation producing utilising its proprietary licensed solvent extraction and refining…