Posted by gasweek on 17 October, 2007
A tyre recycling facility to be built at Kilburn will reuse up to 6,000 tyres a month, project developer Reclaim Industries said, wrote Cameron England in The Australian Financial Review (9/10/2007, p.34). Fed Govt support: Reclaim was one of nine companies which last week shared in the final $14 million slice of the Federal Government’s Innovation and Investment Fund for South Australia (IIFSA) funding. Reclaim would match the $567,500 government grant, to build a tyre recycling and re-processing plant. Reclaim Industries director for business development Chris Forester said the plant would produce a range of products. “At the new facility we will utilise a new process similar to others in Europe and the US for using granulated waste tyre rubber, waste plastic and waste paint to mould railway sleepers and other extremely durable products,” Forrester said.
Range of products: “We believe there is significant demand for this range of products both in Australia and abroad, potentially providing a new market for Reclaim products and an additional revenue stream for the company. South Australia produces around 1.4 million waste tyres every year and it is estimated that 15 per cent, or 210,000, of these are truck tyres.” Because there were no tyre recycling businesses operating in South Australia, the State Government has estimated that approximately 90 per cent of those tyres were disposed of as landfill, with around 7 per cent transferred interstate for recycling and the balance of 3 per cent either illegally dumped or stockpiled.
Starting 2008: The Kilburn plant would be Reclaim’s second Australian recycling facility. Construction of the plant was expected to start early next year.
Posted in Remediation, SA, South Australia, Volume 2604 | Leave a Comment »
Posted by gasweek on 12 October, 2007
It was astounding that skilled migrants who arrived on a skilled regional sponsored visa were allowed to live in metropolitan Adelaide under a regional classification, but migrants in Western Australia, under the same scheme, had to live in regional areas for three years – in other words, they could not live in Perth, said Margaret Quirk, Labor’s Minister for Corrective Services, in the Western Australian Legislative Assembly (5/9/2007).
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Posted in South Australia, Volume 2604, WA | Leave a Comment »
Posted by gasweek on 11 October, 2007
Standard & Poor’s Ratings Services said that its ratings on SP AusNet Group (SP AusNet; A/Watch Neg/–) and SP AusNet’s subsidiaries remain on CreditWatch with negative implications, where they were initially placed on March 30, 2007. This update comes after SP AusNet’s board agreed to acquire assets formerly owned by Alinta Ltd. (BBB/Watch Neg/–) from parent Singapore Power Ltd. (AA/Watch Neg/–) for more than A$8.1 billion.
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Posted in Finance, South Australia, Volume 2603 | Leave a Comment »
Posted by gasweek on 17 September, 2007
Mike Rann, Premier of South Australia, told the South Australia House of Assembly, 11 September 2007 that the review of the 28 year-old law limiting individual share ownership in Santos to 15 per cent was was initiated at the specific request of the company.”
Santos takeover risk: Rann said “The downside of any removal of the cap would, of course, be the potential for a takeover by interstate or overseas interests. So, while there would be a major benefit to Santos shareholders in the removal of the cap, there are also risks for South Australia that need to be addressed. Some people talk about it being worth $1.5 billion upwards to Santos’s shareholdings.”
Evil Empire: Rann said “The cap was introduced in 1979 to prevent a takeover by Alan Bond. Thank God that the Corcoran government had the foresight to see this corporate raider, who had yet to become a hero over the America’s Cup, long before he became publicly reviled around the world.”
Kept Cooper Basin under local control: Rann said “There were well founded concerns at the time about how the state’s interest in having a secure and continuous supply of gas might be compromised if control of Santos and the Cooper Basin, then the sole source of gas into South Australia, fell into the hands of such an individual as Alan Bond. The cap served South Australia well in this period.
SA now has new sources of gas: Nevertheless, South Australia today receives gas from a number of sources, and it is at the centre of a national gas hub, taking supply from Victoria through the SEAGAS pipeline and with plans to connect Moomba—Adelaide to the Queensland system.
Reference: M.D. Rann, Premier of South Australia, Minister for the Arts, House of Assembly, South Australia, 11 September 2007.
Erisk Net, 16/9/2007
Posted in South Australia, Volume 2520 | Leave a Comment »