CEO throws down the green hydro gauntlet to Andrew Forrest
Is Orica boss Sanjeev Gandhi’s declaration he’ll be producing green hydrogen by 2026 a bit of a dig at the so far empty promise by Twiggy Forrest to have a plant up and running this year?
Is Orica boss Sanjeev Gandhi’s declaration he’ll be producing green hydrogen by 2026 a bit of a dig at the so far empty promise by Twiggy Forrest to have a plant up and running this year?
Green hydrogen won’t be able to financially compete with natural gas in ammonia production and needs government assistance, Orica says.
Flight Centre boss says Qantas ‘very good at lobbying governments’. Inflation still ‘too high’, says RBA. Record coal prices boost New Hope profit.
Gold miners pace gains after US CPI print. INPEX takes 50 per cent Enel Green Power stake. Origin gets $70m from Labor for hydrogen project. Domestic air fares at one-year low.
Australia needs to attract an established battery maker if it hopes to compete with global industry superpowers, says Orica boss Sanjeev Gandhi.
The explosives major is factoring in an extended period of cost pressure due to inflation, according to managing director Sanjeev Gandhi.
Allkem surges on $US10bn merger. Goodman and GrainCorp upgrade guidance. NT approves Core Lithium project. Westpac card activity shows significant weakening.
The federal government’s revised safeguard mechanism has won the backing of a trio of Australia’s biggest industrial companies.
Shares rebound from four-month low. Mincor urges no action on ‘opportunistic’ Wyloo bid. New Hope jumps on profit beat. RBA to weigh April pause. Downer faces class action.
Federal intervention into gas pricing is critically needed to deal with ‘absolutely unreasonable’ spot gas prices, says Orica chief Sanjeev Gandhi.
Qantas faces court battles on two fronts. Coles boss tips strong Christmas despite rate hikes. Whitehaven Coal dives as rain dampens output. Co-working outfit Victory collapses. Orica shares rise on profit.
Few people in the Australian resources industry have a better reputation than Malcolm Broomhead, so his investment in a ‘green steel’ hopeful should be taken seriously.
ASX closes marginally lower as materials and energy drag. Trade surplus hits fresh high, Orica dives after raising, big four banks lift rates and ANZ raises $1.75bn from bond market.
The explosives major snaps up geospatial operator Axis Mining and launched a $650m equity raising to fund the deal and beef-up its balance sheet amid economic jitters.
Shares are being raised by Orica at $16 each to create a war chest for acquisitions.
ASX lower as utilities and financials drag. Lynas Rare Earth rallies on Mt Weld expansion, Pfizer ups ResApp offer, retail sales volumes hit record peak and ASX flags CHESS delays.
The explosives major has been operating its mining services business in Russia for more than 20 years, but now plans to exit in a “safe, orderly and respectful” manner.
Keppel purchased the company, originally spun out of Orica, in a $1.1bn deal in November 2018 from Blackstone. Now it is looking at its options.
BHP and Rio Tinto’s total carbon emissions were each around the total of the entire Australian nation, but well below Brazil’s Vale and Canada’s Teck.
Behind the scenes some are wondering whether mergers and acquisitions could be on Orica’s agenda.
Original URL: https://www.theaustralian.com.au/topics/orica/page/2