Joint media release with the Minister for Finance, Senator the Hon Simon Birmingham
The Morrison Government is investing almost $100 million in two new South Australian headquartered cooperative research projects that will turbocharge the growing marine bio-products sector and help heavy industries like steel transition to a cleaner and more competitive future.
The funding – provided through the Cooperative Research Centre (CRC) Grants program – includes $39 million to establish the Heavy Industry Low-carbon Transition Cooperative Research Centre (HILT CRC), which will be led by the University of Adelaide. A further $59 million will help to establish the Marine Bioproducts Cooperative Research Centre (MB-CRC), led by Flinders University.