A Monash University team has been awarded $US 250,000 in the XPRIZE Carbon Removal Student Competition, which is part of the global, four-year $US 100 million carbon removal competition. The Monash Carbon Capture and Conversion (MC3) team was one of 23 winners in the $US 5 million round, said Xprize, with 18 teams awarded $US…
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Electric drive train and truck producer SEA Electric has decided not to go ahead with a planned factory in Victoria’s La Trobe Valley. Here Shane West laments the decision, made after the company won an order to build 1,500 electric trucks in the United States. SEA Electric began life as an all-Australian technology and manufacturing…
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Maggie Beer’s stellar growth Luxury food manufacturer Maggie Beer Holdings announced group revenues for Q1 FY22 up 84.1 per cent over the previous corresponding period as its three food brands made progress and the company increased online turnover during the Covid-19 pandemic. E-commerce sales were up 154 per cent, and now make up 44 per…
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Cyclotek and ANSTO have announced the launch of a Joint Venture to establish Australia’s first GMP (Good Manufacturing Practice) theranostics production facility which will produce radiopharmaceuticals for both the diagnosis and treatment of cancer. The new company Applied Molecular Therapies Pty Ltd (AMT) will aim to establish a Therapeutic Goods Administration (TGA) approved, GMP manufacturing…
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The national science agency will support up to 25 small to medium businesses working in the Australian space sector with a new program that offers training, mentorship, and access to research facilities.
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A new Monthly Business Turnover Indicator released by the Australian Bureau of Statistics (ABS) on Wednesday showed turnovers at manufacturing companies up slightly, rising 0.7 per cent over September. In the second release of the experimental monthly economic indicator — following August figures released last month — it showed turnovers fell for most industries. “Electricity,…
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Electrical engineer Ampcontrol has partnered with space tracking firm LeoLabs Australia on an ambitious $240 million project to construct new factories and upgrade others to build and maintain sophisticated radar systems. Dubbed the Aussie Space Radar Projct (ASRP), the project comes with a direct $160 million investment by LeoLabs Inc – the largest investment by…
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By Peter Roberts Andrew Forrest’s Fortescue Future Industries (FFI) has made good with its initial promises to pivot its iron-ore business to build what the company hopes will become the world’s powerhouse in green energy industries. It was only on January 26 this year that Forrest stunned the business world when he made an impassioned…
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Prime minister Scott Morrison has announced $500 million for a new public-private fund to invest in emerging low-carbon technologies, with legislation for this to be introduced before the end of the parliamentary term.
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Australia will need to rely heavily on the experience, skills and technology of the United States and the United Kingdom in building and maintaining nuclear submarines because we do not have a local nuclear industry. We don’t have infrastructure, skills or experience in nuclear power—and none of this can be created overnight.
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