Fortescue Metals Group founder Andrew Forrest stunned investors when he committed to massive investments in green hydrogen and green steel production in his recent Boyer lecture. Here is the full text of this landmark speech. The Boyer lectures are traditionally lectures – a speaker lecturing Australia about what it should do. I’ve chosen a different…
The federal government is to spend $1 billion on new longer-range missiles for the navy and air force, plugging a significant gap in Australia’s defence capabilities. The purchase of Evolved Sea Sparrow missiles and a decision to invest in developing the Standard Missile surface-to-air missile increases the range of the missile arsenal to more than …
Even a modest boost to recycling and reuse of materials instead of sending to landfill would have major economic and jobs impacts, according to a National Circular Economy Roadmap released today by CSIRO. According to the roadmap the recycling sector currently generates 9.2 jobs per 10,000 tonnes of waste, compared with only 2.8 jobs for…
The Department of Defence has dumped a $388 million contract to develop a submarine rescue system for the Navy’s Collins class submarines according to media reports. Last week ABC news reported that a departmental review has recommended the contract be scrapped, with Canberra likely to have to pay compensation. Phoenix is the prime contractor for…
By Peter Roberts Carbon Revolution, already the only company in the world capable of manufacturing a one-piece carbon fibre road wheel, is building on its advantage with plans to introduce a Mega-line manufacturing system. The company, which supplies wheels to performance vehicles such as the Ford Mustang GT350R, Ferrari 488 Pista and Renault Megane R.S.…
BusTech Group and its partner Scania Australia have delivered their first two hybrid buses for the Adelaide metropolitan commuter network. The new hybrid buses (pictured), with the bright green tops, have been designed to reduce emission by 25 per cent and have a 15 per cent reduction in fuel consumption. The hybrid buses hit the…
Varley Electric Vehicles has delivered an Ambicart emergency vehicle (pictured) to Westmead Hospital in Sydney, Australia’s largest hospital. The Ambicart, one of 80 electric vehicle variants offered by the Tomago, NSW manufacturer (factory pictured below), will be used as a rapid response vehicle for the emergency department. This vehicle is fitted with a standard Stryker…
Redflex agrees to sell out to Verra Mobility Traffic systems and data company Redflex Holdings has agreed to a cash takeover by NASDAQ-listed transportation technology group Verra Mobility valuing the local manufacturer at $146 million. Directors unanimously backed the bid, which does not appear to include any assurance about the continuation of local R&D and…
Lynas Rare Earths is to build a light rare earths separation plant in the United States which will process concentrates from the company’s cracking and leaching plant now under construction in Kalgoorlie. The plant will be subsidised by the US government under its Defence Production Act, recognising the company’s critical importance as the only large-scale…
Andrew Forrest’s Fortescue Metals Group has stunned investors with the announcement it will construct Australia’s first green steel production plant in 2021 and develop massive renewable power resources to produce green hydrogen. Delivering the prestigious Boyer Lecture, Forrest said the time for green hydrogen and green steel had come. Forrest said: “We aim to start…