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    Manufacturing

    Today

    A coal seam gas drill near Dalby in Queensland. Arrow Energy, a joint venture with Shell and PetroChina, is working in the area.

    Shell, PetroChina to expand massive Surat coal seam gas project

    The investment, expected to cost billions of dollars, will supply export customers and the domestic market, where regulators have warned of looming shortages.

    • Angela Macdonald-Smith

    Yesterday

    Orora CEO Brian Lowe.

    Orora taps UBS as private capital lurks after $2.2b Saverglass buy

    Should Orora’s share price pain attract a bidder, it would end the former Amcor unit’s 11-year stay on the ASX boards.

    • Sarah Thompson, Kanika Sood and Emma Rapaport

    This Month

    Prime Minister Anthony Albanese and Minister for Climate Change and Energy Chris Bowen ta the opening of SunDrive’s manufacturing plant in Kurnell. November 1, 2023. Photo: Rhett Wyman / SMH

    Cannon-Brookes, Turnbull-backed solar maker cuts staff, replaces CEO

    SunDrive, which also counts Blackbird as an investor, is restructuring its business at the same time as it courts global partners to expand its operations.

    • Ben Potter
    China accounts for 80 per cent of all global manufacturing capacity, but last year there was 315 gigawatt hours (GWh) of excess battery production.

    How the big bet on electric car gigafactories went badly wrong

    A glut of batteries is good news for anyone buying an electric vehicle, but it’s slowing development of the capacity needed in the future.

    • James Titcomb
    Woodside boss Meg O’Neill acknowledges the market has been surprised by the deal.

    Woodside punished as investors query ‘marginal’ green projects

    The oil and gas producer had almost $2.6 billion wiped off its market value as investors struggled to accept projected returns on a large US acquisition.

    • Updated
    • Angela Macdonald-Smith
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    July

    Prime Minister Anthony Albanese has staked much on his Made in Australia strategy.

    Why industry policies are no longer a ‘hidden’ trade war

    The Productivity Commission’s deputy chairman has added to warnings that the federal government’s signature Made in Australia policy could fuel protectionism.

    • James Hall
    EnergyAustralia’s Mark Collette says the government’s energy policy will not deliver fast enough.

    Why east coast energy woes won’t hurt green industry plans

    Many projects in the new industries can be located where they are welcomed, and away from the current grid.

    • Rod Sims
     More than 1800 new industrial policy measures were introduced globally over the past year, the PC found.

    Labor’s green subsidies a risk to living standards: PC

    The Productivity Commission has warned Labor’s Made in Australia plan risks evolving into protectionism, undermining decades of reform aimed at creating a vibrant economy.

    • Michael Read
    South32’s Worsley mine in Western Australia.

    Environmental rules threaten survival of South32’s Worsley refinery

    More than $1b was wiped off the value of South32 as it cut production guidance and warned forest protection rules threatened the future of a WA alumina refinery.

    • Updated
    • Peter Ker
    Cheap renewable power is one driver for affordable hydrogen.

    Energy CEOs urge industry not to quit hydrogen dream

    Australian businesses need to be smarter and work harder to overcome the cost hurdles in hydrogen, which has a strong future in some industries, CEOs insist.

    • Angela Macdonald-Smith

    Years of wilful incuriosity have enabled the CFMEU

    The latest expressions of shock and platitudes about “zero tolerance” by senior figures in the labour movement come across as utterly disingenuous.

    • Phillip Coorey

    June

    Bran Black says all investments must be expert-led, open and transparency and “unimpeachably independent”.

    Future Made in Australia Act needs guardrails against waste: BCA

    Peter Dutton’s nuclear plans will scuttle the green energy objectives of the Future Made in Australia Act, the PM warns.

    • Ronald Mizen and Phillip Coorey
    Senex CEO Ian Davies said the gas in the Atlas project is “sorely needed”.

    Labor delivers all-clear for $1b Rinehart-backed Senex gas project

    The decision to grant environmental clearance for the Atlas development brings to an end an approvals process that has lasted almost two years.

    • Updated
    • Angela Macdonald-Smith
    The squeeze on east coast gas supplies forced the Australian Energy Market Operator to issue a “threat notice” late on Wednesda.

    Skyrocketing gas prices intensify fears of shortage this winter

    There are growing fears the long-forecast shortage in supplies in the south-eastern states will emerge this winter, hitting manufacturers hard.

    • Updated
    • Angela Macdonald-Smith and Gus McCubbing
    Commuters in Melbourne this week as overnight temperatures fell to zero. The threat of gas shortages in the south-east will only become “more real” as winter takes hold, an analyst warns.

    Gas shortage warning exposes deep energy mess

    Low wind power amid a cold snap is threatening to create a gas shortfall – exposing the effect of supply restrictions and jeopardising the Coalition’s nuclear ambitions.

    • Updated
    • Angela Macdonald-Smith and Gus McCubbing
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    The next wave of capex in Australia will come from a different place than before.

    15 ASX stocks that can win from a new capex ‘supercycle’

    The twin peaks of population growth and Baby Boomer spending have insulated sharemarket investors against rate hikes. Now a new tailwind is emerging. 

    • James Thomson
    There’s a new partner at Azure Capital.

    Azure Capital poaches KPMG PE co-lead to set up shop in Melbourne

    Nick Combes, a dealmaker with almost two decades of experience, has joined Azure Capital’s partnership ranks.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    The Tarrants Gap bridge in NSW built in 2019 using InQuik technology.

    Local bridge builders secure deal of a lifetime with US steel giant

    The Mullaney family overcame tragedy to build InQuik into a thriving business in seven years, with CMC signing a deal to control the company’s US operations.

    • Simon Evans
    The Tarkine Forest throw from Waverley Mills’ Tasmanian Wilderness Collection reflects the colours of the environment after which it is named.

    This Tasmanian mill survived world wars and doonas. Can it go global?

    It was founded in 1874 when Australia was the largest producer of wool on the planet. Today the team at Waverley Mills has big plans for a sustainable future.

    • Glynis Traill-Nash

    May

    Ed Husic has called for a reduction in the corporate tax rate.

    AI minister: Cut company tax to boost robotics, automation

    A call by Ed Husic to cut taxes on corporate profits to encourage investment in advanced manufacturing has been applauded by business but exposed a split in the cabinet.

    • Phillip Coorey