logo-loader
viewHazer Group Ltd

Hazer Group Ltd signs MOU to commercialise hydrogen creation technology

The Hazer Process enables the effective conversion of natural gas and similar feedstocks, into hydrogen and high quality graphite.

rubber-stamp.jpg
Pan American is a Texas-based global supplier of modular hydrogen generation plants.

Hazer Group Ltd (ASX:HZR) has signed a non-binding memorandum of understand (MoU) with Pan American Hydrogen Inc to jointly develop and commercially deploy the Hazer Process.

The Hazer Process enables the effective conversion of natural gas and similar feedstocks, into hydrogen and high quality graphite, using iron ore as a process catalyst.

Pan American is a Texas-based global supplier of modular hydrogen generation plants.

The focus of the collaboration initially will be on small, pilot plant scale, projects capable of producing ~100 kilograms of hydrogen per day, with the scope for further development of larger scale opportunities.

The anticipated arrangement would accelerate the commercial development of the Hazer technology substantially.


MoU details

Under the terms of the MoU, Pan American and Hazer will jointly develop a technical roadmap for integration of the Hazer technology into standard hydrogen generation units as designed by Pan American.

A commercial roadmap for how the combined technology would then be commercially deployed will also be developed.

The completion of these discussions will then see the two companies enter into a binding Framework Agreement that will form the basis of the partnership moving forward.


Analysis

It is a great validation for the Hazer technology to have signed this agreement with a significant international hydrogen production partner.

Pan American has impressive capabilities and experience in the hydrogen production industry, providing significant potential to accelerate the commercial development of the Hazer process.

Shares are up 15% intra-day and up 115% year to date, currently priced at $0.585.

Pan American has provided commercial plant designs based on using natural gas, LPG, methanol and naphtha feedstocks.

It has specific expertise in downstream hydrogen processing and purification based on pressure swing adsorption (PSA) technology, which is an ideal fit for the Hazer Process.

Furthermore, these expertise make Pan American an ideal co-partner for Hazer along with Kemplant, Hazer’s strategic chemical engineering partner.

The global hydrogen market is worth over US$100 billion.

Quick facts: Hazer Group Ltd

Price: 0.36 AUD

ASX:HZR
Market: ASX
Market Cap: $49.05 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Hazer Group Ltd named herein, including the promotion by the Company of Hazer Group Ltd in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Hazer Group Ltd on the Hazer Process

Hazer Group Ltd (ASX:HZR) founder and chief technology officer Dr Andrew Cornejo spoke to Proactive at the ASX Small and Mid-Cap Conference in Sydney about the Hazer Process. The company is commercialising the proprietary Hazer Process – the conversion, at moderate temperature and pressure,...

on 5/9/19

2 min read