Startup · $547m raised
Melbourne, VIC
Every investor coverage indicates participated in a round Orica raised.
| Investor | Rounds | Invested |
|---|---|---|
| ARENA | Grant | $432,000,000 |
| Australian Government | Grant | - |
| Australian Renewable Energy Agency (ARENA) | Grant | $432,000,000 |
| Commonwealth Hunter Hydrogen Hub | Grant | - |
| New South Wales Hydrogen Hub Initiative | Grant | - |
Companies Orica acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Sanjeev Gandhi | Managing Director and Chief Executive Officer | RenewEconomy, ARENA, @AuManufacturing |
Stories naming Orica. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Orica will proceed with its Hunter Valley green hydrogen plant after a final investment decision, the first under Hydrogen Headstart; earlier government grants to it and CIP's Murchison are recalled.
Orica has reached a final investment decision for its Hunter Valley green hydrogen and ammonia project, confirming government grant support, while other planned Australian hydrogen projects advance slowly or have been abandoned.
Also RenewEconomy
MCi Carbon has launched a Newcastle facility that converts captured carbon dioxide into sellable building products, beginning with Austrian customer RHI Magnesita.
MCi Carbon has opened a Newcastle demonstration plant that converts industrial CO2 into sellable construction materials, beginning product testing for Austrian customer RHI Magnesita.
Australia's renewable energy agency has awarded Orica hundreds of millions for a Hunter Valley hydrogen and ammonia plant, and is consulting on a further two-billion-dollar round for green hydrogen projects.
Also RenewEconomy·RenewEconomy
The clean energy funder conditionally awarded Orica's Hunter Valley hydrogen hub as much as $432 million under its Hydrogen Headstart program, following CIP's Murchison Green Hydrogen Project's earlier $814 million grant.
Battery materials producer Alpha HPA advances its Gladstone precursor plant into alumina production, appoints two manufacturing general managers, and collects a further payment under its MMI-C grant, a tenth of which goes to Orica.
Perennial's analysis of exit conditions argues improving markets will lift M&A, IPO and secondary activity, surveying recent ASX deals, secondaries involving Canva, Employment Hero and Eucalyptus, and LP pressure for distributions.
Also Folklore Ventures·Women's Agenda·quadrantpe.com.au·Forbes Australia·Dealroom
Newsletter roundup covering Australian raises by Gilmour Space, BlockTexx, FirstWave and Bandicoot, acquisitions of Alumina, Cyanco, Quality Air Equipment and Amentco, plus takeover interest in CSR and Prospa.
Roundup of Australian manufacturing briefs: Nova Eye Medical banks $8m, Ridley buys Oceania Meat Processors, Orica sells Deer Park land for $260m, plus appointments, research projects and CSIRO program deadlines.
Alpha HPA has received Queensland government support of up to $21.7 million for Stage 2 of its Gladstone high-purity alumina plant, adding to earlier federal grants of $15.5 million and $45 million.
ARENA has granted $3 million to the Australian Industry Energy Transitions Initiative, a ClimateWorks and Climate-KIC-led project whose 16 corporate members will model pathways to decarbonise heavy-industry supply chains.
New hardware accelerator The Melt has backed five industrial startups and raised the first year of a rolling angel fund set to reach $10 million, while also delivering R&D services for large corporates.
ARENA has granted $300,000 to ClimateWorks for an industry initiative researching emissions reductions across five hard-to-abate supply chains, with BHP, BlueScope Steel, Orica and APA Group as participants.