Perth resource hub to share $4.5 million

A Perth-based innovation hub has been awarded a share in $4.5 million to develop underwater products for the offshore oil and gas industry.

The project is one of eight nationwide to earn part of a $2.1 million grant from the Commonwealth's National Energy Resources Australia fund, which works with energy resource companies to boost collaboration and sustainability in their sector.

The hub will also receive a cut from another $2.4 million donated by industry partners.

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