Glas Energy plans a $400 million renewable diesel refinery in Narrogin, Australia, to produce 20 million litres of low-carbon fuel from straw. This initiative aims to reduce Australia's reliance on Middle Eastern oil, especially as fuel excise relief ends, and seeks state and federal government support.
Rio Tinto has signed a five-year sales agreement with Australian company SuperChar Limited to purchase 35,000 tonnes of bana grass bio pellets by 2028. This $30 million biochar facility in Boynedale, Central Queensland, aims to replace up to 50% of coal in Rio Tinto's Gladstone refinery boilers, pending council approval.
Pope Leo XIV's collection of speeches and writings, "Maps of Hope," has been certified as human-authored by Australian company Proudly Human, less than two months after the Pope declared AI a major threat to humanity in his encyclical "Magnifica Humanitas."
Corporate Travel Management (CTM), the Australian company that ran the Bibby Stockholm asylum barge, has admitted to overcharging the British government by £118m. The company discovered erroneous billing for UK clients, including overcharging for quarantine hotel rooms during the pandemic and asylum seeker accommodation. Former UK chief executive Michael Healy was dismissed for breach of contractual obligations, and founder Jamie Pherous retired in February. The Home Office has recouped over £70m so far.
NewSat has filed a lawsuit alleging lenders failed to honor loan agreements, preventing the company from paying contractors to build and launch a satellite. The company claims this resulted in a loss of potential earnings. Founder Ching estimates the loss at around US$1 billion based on an expert report, accounting for the missed opportunity to launch the original satellite and others planned for the future. The exact amount lost remains contentious.
