Hazer Group Ltd (PK) (HZRGF) Share Price

Clean Hydrogen Gets a Boost with Hazer Group’s $6.2M Grant
December 24, 2024 0 By John Max
Clean Energy Milestone Achieved with Hazer’s Government Support
Hazer Group Ltd, a forward-thinking Australian company specializing in clean energy innovations, has secured $6.2 million in funding from the Western Australian Government’s Lower Carbon Grants Program. This grant, which comes in stages with an initial payment of approximately $2 million, aims to accelerate the commercialization of Hazer’s technology. By focusing on low-emission hydrogen and graphite production, Hazer continues its mission to address environmental challenges while positioning itself as a key player in the global energy sector.


The Science Behind Hazer’s Carbon-Free Hydrogen Production
At the heart of Hazer Group’s success is its innovative hydrogen and graphite production process, known as the Hazer Process®. Developed with research from the University of Western Australia, this method utilizes methane gas, breaking it into hydrogen and solid graphite through a chemical reaction catalyzed by iron ore. Unlike traditional methods, the process emits solid carbon rather than greenhouse gases like CO2.

One distinguishing factor of the Hazer Process is its use of iron ore as a cost-effective catalyst, enabling a lower reaction temperature and overall energy efficiency. The technology is adaptable and can be integrated into existing liquefied natural gas (LNG) supply chains or infrastructures like refineries and steel plants. This flexibility allows hydrogen to be produced where it is needed, reducing logistical challenges and enhancing accessibility for industries looking to decarbonize.Graphite



The graphite produced as a co-product holds commercial value as well and has potential applications in industries such as batteries, lubricants, and industrial manufacturing, further adding to the process’s appeal.

Hydrogen News – Recent Developments
Hazer Group has made significant strides in advancing its technology. Its Commercial Demonstration Plant (CDP), located at the Woodman Point Wastewater Treatment Plant in Perth, has undergone rigorous testing and achieved key milestones. The plant has operated continuously for over 360 hours with a reported 97% uptime, demonstrating its reliability and scalability for commercial adoption.


Additionally, Hazer’s methane conversion rates are nearing design goals, and the company has successfully produced substantial quantities of graphite. Current efforts are focused on optimizing the quality of hydrogen and graphite to meet commercial standards.

Hazer’s international outreach is also progressing. The company is developing hydrogen projects with partners in Canada, France, and Japan. Notable collaborations include engineering services for FortisBC in Canada and a project involving Chubu Electric and Chiyoda Corporation in Japan. These partnerships reinforce Hazer’s commitment to applying its technology globally.



Importance of the Grant
The $6.2 million grant is a crucial step in advancing Hazer’s goals. Government support, particularly through the Western Australian Government’s Lower Carbon Grants Program, signifies acknowledgment of the role Hazer’s innovations play in reducing carbon emissions. This funding is expected to bolster efforts to scale up their commercial reactor and bring their hydrogen and graphite production processes to industrial levels.

By receiving staged funding, starting with $2 million, Hazer can implement the upgrades and expansions needed for its demonstration plant and other projects. This financial boost will not only facilitate domestic advancements but also assist in strengthening global collaborations, further promoting the adoption of clean hydrogen technologies.

Timelines and Future Prospects
Hazer Group’s CDP is gearing up for consistent hydrogen and graphite production, targeting an annual capacity of 100 tonnes of hydrogen and approximately 380 tonnes of graphite. These outputs, expected in the near term, signify a step toward industrial-scale operations.



Looking ahead, Hazer’s technology is poised to support industries resistant to decarbonization, such as steelmaking, chemical production, and petroleum refining. Additionally, by accommodating biomethane from renewable sources like landfill gases, the process offers a pathway to decarbonize waste management and energy production sectors.

The recent achievements of continuous operation suggest that commercial scalability is within reach. If consistent performance continues, Hazer could be contributing significantly to decarbonization efforts both in Australia and internationally within the next few years.

Conclusionhydrogen news ebook
Hazer Group’s groundbreaking approach to hydrogen and graphite production highlights the potential of innovative technologies to transform the energy sector. The $6.2 million government grant is indicative of the trust placed in their capability to scale these advancements effectively.

FY24 R&D TAX REFUND OF $5.1 MILLION RECEIVED
PERTH, AUSTRALIA; 20 November 2024: Hazer Group Ltd (“Hazer” or the “Company”, ASX: HZR) is pleased to
announce the approval and receipt of its FY 2024 Research and Development (“R&D”) tax incentive refund of
$5.092 million.
The refund is related to eligible R&D expenditure incurred during FY 2024. A further refund is expected next
year in connection with expenditure incurred in the current financial year.
The Australian Federal Government’s R&D Tax Incentive program provides a cash refund on eligible research
and development activities performed by Australian companies and is an important program that strongly
supports Australian innovation.
Glenn Corrie, Chief Executive Officer of Hazer Group, said, “This substantial R&D tax incentive refund
demonstrates Hazer’s ongoing development and scale up of our world-class, industry-leading technology. These
proceeds further strengthen our liquidity enabling us to drive forward our commercialisation strategy.”
Authorised for release by the Board of the Company.
[ENDS]
For further information or investor enquiries, please contact:
Corporate Enquiries
Hazer Group
Email: contact@hazergroup.com.au
Phone: +61 8 9329 3358

HZR :ASX Hazer Group Ltd
@hazergroupltd
·
Nov 5
Hazer CEO Glenn Corrie hosted an engaging lunch for 30+ high-net-worth investors in Melbourne on 28 October.

It was fantastic to see both familiar and new faces as we shared insights and fielded questions from our enthusiastic current and prospective shareholders.


https://x.com/hazergroupltd/status/1854002856082170188

Hazer Group Ltd
@hazergroupltd
·
Oct 24
Join Hazer at the 13th Annual Australian Microcap Conference!

Our CEO, Glenn Corrie will be presenting at one of the nation’s largest investment conference on Tuesday, 29 Oct at 2:30pm at the Sofitel Melbourne On Collins.

Register here: https://web.cvent.com/event/6351B9D9-CF0F-449A-9DF0-9089B654EF50/summary

#ASX $HZR

HZR:ASX is moving

Methane pyrolysis technology can produce low-cost, low-emission hydrogen. Methane pyrolysis can produce hydrogen at scale. Methane pyrolysis requires high temperatures to overcome activation energy barriers. The safety, reliability, and durability of pyrolysis technologies remain open to improvements.

Hydrogen FortisBC
How FortisBC natural gas flows to your home now, and in a renewable energy future

February 13, 2019
/ Partnerships
“FortisBC is also exploring ways to convert surplus renewable electricity into hydrogen gas for injection into the natural gas system. Adding hydrogen could make the gas system more efficient and further reduce greenhouse gas emissions.”

https://talkingenergy.ca/ask-us

Hazer's CEO Glenn Corrie QnA Session at Techknow 2024

Australian turquoise hydrogen pilot passes ten-day mark of continuous 24/7 operation
Developer Hazer Group plans commercial launch of H2 technology this year

Hazer's commercial demonstration plant near Perth, Western Australia.
Hazer's commercial demonstration plant near Perth, Western Australia.Photo: Hazer Group
Polly Martin
Senior Reporter
Published 9 August 2024, 08:56
Australian turquoise hydrogen developer Hazer Group has announced that its commercial demonstration plant has passed ten days of continuous round-the-clock operation, a milestone which unlocks its next tranche of government funding and adds to its case for launching the technology to the market this year.

Like incumbent “grey” hydrogen, turquoise H2 is produced from natural gas feedstock. However, while grey hydrogen is generated by splitting methane with steam, resulting in CO2 emissions, turquoise H2 is made via methane pyrolysis, which splits apart the molecule with heat in the absence of air, resulting in only solid carbon as a byproduct.
Depending on the region, gas as a feedstock can be much cheaper than the electricity needed to run electrolysis for green hydrogen production.

Daniel Fraile, chief policy and market officer at Hydrogen Europe
Related
Turquoise hydrogen is the cheapest clean H2 production pathway in Europe today: trade body
Meanwhile, byproduct carbon could be sold as graphite to existing markets, offsetting the cost of production and making turquoise H2 theoretically one of the cheapest low-carbon hydrogen production pathways — although some critics have questioned whether the market for solid carbon is big enough to absorb a lot of extra supply.

Hazer started producing hydrogen and solid carbon at its pilot project near Perth, Western Australia, in January this year, which uses biomethane from an adjacent wastewater treatment plant (ie, from sewage sludge) as a feedstock to make around 100 tonnes of H2 and 380 tonnes of synthetic graphite a year.
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The ten days of continuous operation was one of the key milestones that the plant had to pass in order for the developer to access its next tranche of public funding from January next year via the Australian Renewable Energy Agency, which had allocated A$9.41m ($6.2m) in total.

Hazer’s commercial demonstration plant has been expected to cost A$23m-25m.

The Hazer process works by heating methane to about 900°C inside a fluidised bed reactor in the presence of sand-like particles of iron ore, but no air (which prevents the formation of CO2). This high-temperature heat turns the iron ore into nanoparticles, and the methane decomposes into hydrogen and graphite, the latter of which forms on the surface of the nanoparticles.
A Molten Industries reactor that cracks methane, in the absence of air, into hydrogen and solid carbon.
Related
US Steel and Bill Gates-backed start-up announce pilot clean steel project with integrated turquoise hydrogen production
The resulting powder is 80-95% graphite, which can then be separated and sold to existing markets for this type of solid carbon such as lithium-ion battery production.


Hazer announced that during the ten days of continuous operation, it saw “stable and reliable solids separation from product gas stream” and “operational reliability with process uptime above target” of 97.5%.

Hycamite's team at the launch of construction for its turquoise hydrogen facility at the Kokkola Industrial Park.
Related
Construction begins at Europe’s largest turquoise hydrogen facility
However, it noted that it still has to optimise current operations in order to produce “commercially representative” graphite, which would have to undergo quality verification prior to distribution to industrial partners for large-scale testing and analysis.

Hazer also highlighted four existing commercial projects with South Korean conglomerate POSCO, a consortium of Japanese firms Chubu Electric and Chiyoda, French energy company Engie, and Canadian utility FortisBC, noting that it still plans to “declare commercial readiness” for its technology this year.

ABOUT HAZER GROUP LTD
Hazer Group is an Australian technology company, driving global decarbonisation efforts with the commercialisation of the
company’s disruptive world-leading climate-tech. Hazer’s advanced technology enables the production of clean and
economically competitive hydrogen and high-quality graphite, using a natural gas (or biogas) feedstock and iron-ore as the
process catalyst.

FIRST PAYMENT FOR ENGINEERING SERVICES FOR THE
BRITISH COLUMBIA PROJECT
Highlights:
• First payment received for engineering services provided by Hazer to advance FortisBC Energy Inc (“FortisBC”)
British Columbia, Canada project.
PERTH, AUSTRALIA; 20 September 2024: Hazer Group Ltd ("Hazer" or "the Company") (ASX: HZR) announces
receipt of first monies for engineering services provided by Hazer to FortisBC’s British Columbia, Canada project
(“BC Project”).
As announced on 6 May 2024, Hazer and FortisBC entered into a binding Project Development Agreement (“PDA”)
to pursue the development of a hydrogen production facility in British Columbia based on Hazer’s technology and
with a design capacity of up to 2,500 tonnes per annum (“tpa”) of clean hydrogen. Under the terms of the PDA,
Hazer is to receive ongoing payment for Early Project Development Work associated with leading engineering
activities relating to the core Hazer technology components.
Expected total payment under the service agreement is anticipated to be more than A$1.8 million depending on
final scope of work incurred. Hazer is pleased to advise first payment of ~A$393k reflecting work performed to date
has been received under this arrangement. Payments will occur each month from now until Final
Investment Decision.
Hazer CEO Glenn Corrie said, “First payment for engineering services for the BC Project signifies FortisBC’s
commitmeidnt of their Hazer-enabled project in British Columbia. We value their strong collaboration with the
Hazer team as we work together towards achieving a successful FEED outcome. Further, this commercial progress
demonstrates our business model maturity and is indicative of how we expect to be reimbursed for client projects
through their FEED activities, enabling Hazer to support these activities in a commercially viable and sustainable
manner. This is one of many recent milestones that is progressing the commercialisation of the Hazer process and
supporting our growth strategy globally.”
[ENDS]
This announcement is authorised for release by the Board of the Company.
For further information or investor enquiries, please contact:
Corporate Enquiries
Hazer Group
Email: contact@hazergroup.com.au
Phone: +61 8 9329 3358
Media enquiries
WE Communications – Hannah Howlett
Email: HHowlett@we-worldwide.com
Phone: +61 4 5064 8064
ABOUT HAZER GROUP LTD
Hazer Group is an Australian technology company, driving global decarbonisation efforts with the commercialisation of the
company’s disruptive world-leading climate-tech. Hazer’s advanced technology enables the production of clean and
economically competitive hydrogen and high-quality graphite, using a natural gas (or biogas) feedstock and iron-ore as the
process catalyst.
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Hazer Group Limited is an Australia-based technology company, driving global decarbonization efforts with the commercialization of its disruptive climate-tech. The principal activity of the Company is the research and development of hydrogen and graphitic carbon production technology. The Company’s advanced technology enables the production of clean and economically competitive hydrogen and graphite, using a natural gas (or biogas) feedstock and iron-ore as the process catalyst. The Company has intellectual property rights to a technology (the Hazer Process), which enables the production of hydrogen gas from the thermo-catalytic decomposition of methane (natural gas) with low carbon dioxide emissions and the co-production of a high-purity graphite product. The Company's markets include industrial hydrogen, hydrogen mobility and synthetic graphite. It has facilities, including a research and development lab and a fluid bed reactor pilot plant.