The Albanese Labor Government is building Australia\u2019s future, today announcing $750 million to boost development of new technologies to ensure our metals manufacturers remain globally competitive.<\/p>\n\n\n\n
Australia is already prized for its alumina, aluminium, iron and steel, and this funding will value add to our high quality Australian metals exports worth over $150 billion annually.<\/p>\n\n\n\n
Part of the $1.7 billion Future Made in Australia Innovation Fund<\/em> announced at Budget 2024\/25, this new $750 million of funding will supercharge cutting-edge innovation and boost development of new low emissions technologies.<\/p>\n\n\n\n The Fund will support the development of cutting-edge new technologies, as well as funding pilot and demonstration projects, that can lower emissions, improve productivity and revitalise plant and equipment.<\/p>\n\n\n\n It will have the potential to unlock commercial-scale production of green metals using Australian ores and renewable resources, opening the door to more trade opportunities, more jobs, more value-adding and lower emissions.<\/p>\n\n\n\n Funding will be administered independently through the Australian Renewable Energy Agency (ARENA).<\/p>\n\n\n\n Building on the Albanese Labor Government\u2019s significant support for manufacturing, this latest investment is part of more than $5 billion now allocated to supercharge Australian metals industry.<\/p>\n\n\n\n Together these initiatives demonstrate the Albanese Labor Government\u2019s clear determination for sovereign metals manufacturing to remain in Australia\u2019s future.<\/p>\n\n\n\n \u201cWe want to see more Australian workers make more things here.<\/p>\n\n\n\n \u201cThat\u2019s why we are allocating funding to back our local metals manufacturers to seize the opportunities of the future.<\/p>\n\n\n\n \u201cWe\u2019ve got the resources, the workers, and the know-how \u2013 the only thing we don\u2019t have is time to waste.”<\/p>\n\n\n\n \u201cJobs up and emissions down, that\u2019s our goal and investing in our world-class Australian made metals know-how is helping make that happen.<\/p>\n\n\n\n \u201cThe work of our scientists and researchers can sharpen our competitive edge, but getting that work into our mills and smelters quickly is a challenge, and that\u2019s where this investment comes in.<\/p>\n\n\n\n \u201cDemand for green metals is expected to account for a third of the global metals market in coming years, this is an opportunity we cannot afford to miss.<\/p>\n\n\n\n \u201cFor a century, metal-making has been the spine of Australian industry, and this investment is there so it continues to underpin our economic and national security resilience for decades to come.\u201d<\/p>\n\n\n\n \u201cThe Albanese Labor Government is backing businesses across the country to seize the opportunities of a Future Made in Australia, powered by low-emissions tech including reliable renewables.<\/p>\n\n\n\n \u201cWhile we are getting on with the job and delivering solutions for hard-to-abate sectors to decarbonise right now, Peter Dutton\u2019s Coalition is championing a $600 billion dollar nuclear scheme that relies on a smaller economy and Australian industry being forced to shut down.<\/p>\n\n\n\n \u201cHelping some of Australia\u2019s largest industrial emitters, like alumina refining, capture the benefits of a global clean energy economy, cut fuel bills and remain competitive is at the centre of a Future Made in Australia.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" The Albanese Labor Government is building Australia\u2019s future, today announcing $750 million to boost development of new technologies to ensure our metals manufacturers remain globally competitive. Australia is already prized for its alumina, aluminium, iron and steel, and this funding will value add to our high quality Australian metals exports worth over $150 billion annually. … Continue reading “Backing our metals manufacturers”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-31853","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/31853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=31853"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/31853\/revisions"}],"predecessor-version":[{"id":31854,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/31853\/revisions\/31854"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=31853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=31853"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=31853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Prime Minister Anthony Albanese:<\/h2>\n\n\n\n
Minister for Industry and Science Ed Husic:<\/h2>\n\n\n\n
Minister for Climate Change and Energy Chris Bowen:<\/h2>\n\n\n\n