According to The Energy Magazine, a comprehensive collection of Australia’s hydrogen research and industry work is now available for viewing at CSIRO’s virtual Hydrogen Knowledge Centre.
CSIRO, Australia’s national science agency, opened the Hydrogen Knowledge Centre as part of its Hydrogen Industry Mission. It has been designed to foster collaboration between the growing Australian hydrogen industry, government and research and development (R&D) ecosystems, by providing regularly updated information on policies, projects, research and resources.
According to The Australian Financial Review, a glut of unsold homes in Sydney and Melbourne is forcing sellers to discount their asking prices and creating bargains for buyers willing to take the risk of prices falling further, as the largest housing market correction in at least 40 years accelerates.
Clearance rates in Sydney have fallen below 50 per cent for the first time since the market was shut down by the pandemic. Before that, it was in the latter part of the downturn between 2017 to mid-2019 when clearances rates last went below that level.
According to The Australian Financial Review, the portfolio shuffling at Mitsui & Co has sprouted more buying, with the company increasing its minority shareholding in privately-held Australian positioning and site automation business Position Partners to a controlling stake.
The Japanese investment house first invested in Position Partners in 2019, and said it upped its position after strong business performance.
Position Partners was founded in 2008 and distributes and supports positioning solutions for geospatial, construction and mining projects.
According to The Asahi Shimbun, carbon dioxide (CO2) emissions from renovating a house are about half the amount from demolishing and rebuilding one, according to a new study by a real estate development company.
Sumitomo Realty and Development Co. conducted the study along with a group of researchers at the University of Tokyo and Musashino University involving three houses it was renovating.
The amount of CO2 emissions from the entire construction work was 47 percent less than the amount seen in rebuilding from scratch.
According to The Australian Financial Review, QIC’s remote power generation business Pacific Energy has followed through on ambitions to round out its portfolio to include hydrogen by acquiring a provider of a hydrogen refuelling and production systems, a move that also supports its east coast expansion strategy.
With the purchase of Victoria-based ENGV, Pacific Energy will also lock in an exclusive regional supply deal for electrolysers – used in the production of green hydrogen – with the world’s biggest maker of the systems, Norway’s Nel ASA.
According to The Australian Financial Review, Australia’s energy transition will happen even faster than already envisaged if strong global action to limit emissions spurs significant technological breakthroughs in developing hydrogen as a zero-emission fuel source earlier than anticipated.
Australian Energy Market Operator said the “hydrogen superpower” scenario would be triggered by technological breakthroughs that enable a kilogram of hydrogen to be produced for under $2 – a milestone that many believe could be up to a decade away despite huge investment and government support.
The two most important components of producing hydrogen are electrolysers and the cost of energy, though a rapid increase in zero-emission energy generation could reduce wholesale prices.
According to The Australian Financial Review, housing boom gains in Sydney and Melbourne, made through the pandemic, could be wiped out by July next year, as higher interest rate rises trigger a sharper decline in prices, experts say.
The CoreLogic home value index for June shows Sydney house prices have dropped by 1.6 per cent in June, faster than monthly declines seen during the 1980s recession and close to the price falls recorded during the 2018 to 2019 downturn, said Shane Oliver, AMP Capital chief economist.
“By the way prices are going, I think Sydney, Melbourne, Canberra and nationally could fall by 15 per cent to 20 per cent, while Brisbane and Adelaide could drop by 15 per cent,” said Dr Oliver.
According to The Guardian, a Queensland airline has announced plans for what it claims will be Australia’s first hydrogen-electric aircraft.
The airline, Skytrans, which operates out of Cairns and flies to Cape York and the Torres Strait, says the first plane will be in the air by 2026.
According to The Asahi Shimbun, mannequins doing one-arm handstands, frozen in backflips and wearing no pants represent a shift to a more casual look in the men’s clothing industry.
Sales of suits and other formal clothing for men have plummeted, particularly with the spread of teleworking and other diversifying work styles during the COVID-19 pandemic.
Men’s suit companies are now pitching clothes with an emphasis on flexibility and comfortableness to win over younger consumers and women.
Based in Fukuyama, Hiroshima Prefecture, Aoyama Trading Co., the largest formal menswear shop chain in Japan, said the idea of having mannequins strike unique poses at one of its Aoyama Tailor outlets was suggested to show off the lightness and functionality of the company’s products.
According to The Australian Financial Review, Japanese trading giant Marubeni has joined the South Australian LNG import project planned by private firm Venice Energy, little more than 18 months after abandoning Andrew Forrest’s similar project at Port Kembla, NSW.
The proposed joint venture partnership between Marubeni and Venice paved the way for construction to start before the end of the year, said Venice managing director Kym Winter-Dewhirst, who is targeting the start-up of imports in time for winter 2024.
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