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Hazer Group (ASX:HZR) - Managing Director, Geoff Ward
Managing Director, Geoff Ward
Source: Finance News Network
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  • Hazer Group (HZR) has signed a binding gas supply agreement and collaboration deed with Water Corporation
  • Under the gas supply agreement, Water Corporation will supply biogas from its Woodman Point Wastewater Treatment Plant for Hazer’s proposed Hazer Process Commercial Demonstration Project
  • This project is a 100 ton per annum, low emission hydrogen production facility which will utilise the Hazer Process to produce hydrogen and graphite
  • Hazer is in the process of engineering and commercial activities to reach a final investment decision by mid this year
  • Hazer Group is up 4.21 per cent and shares are trading for 49.5 cents each

Hazer Group (HZR) has executed a binding gas supply agreement and collaboration deed with Water Corporation.

Under the gas supply agreement, Water Corporation will supply biogas produced at its Woodman Point Wastewater Treatment Plant (WWTP) as feedstock for Hazer’s proposed Hazer Process Commercial Demonstration Project.

This project is a 100 ton per annum, low emission hydrogen production facility that will be the first larger scale, fully integrated deployment of the Hazer Process.

The Hazer Process is a low emission hydrogen and graphite production process which uses iron ore to convert natural gas and other methane feedstocks into hydrogen and high quality graphite.

The collaboration deed will see Hazer construct the proposed plant at the Woodman Point site.

The delivery of biogas under the supply agreement is scheduled to commence next year and will continue for three years. This aligns with the planned duration of the demonstration project and the funding agreement that was struck in January with the Australian Renewable Energy Agency.

“We gratefully acknowledge the ongoing collaboration with Water Corporation, as well as the ongoing support from ARENA, and look forward to continuing to work with them to make this exciting project a success,” Hazer Managing Director Geoff Ward said.

The demonstration plant has an approved capital expenditure budget of $16.65 million.

Currently, Hazer is conducting engineering, procurement and commercial activities to reach a final investment decision on the project which is expected to occur mid this year.

Hazer Group is up 4.21 per cent and shares are trading for 49.5 cents each at 11:49 am AEST.

HZR by the numbers
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