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Hazer Group commences construction of pre-pilot plant facility

Hazer is completing its third of four key development stages.

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The design and construction of the pre-pilot plant represents a major milestone for Hazer

Hazer Group (ASX:HZR) has commenced construction of its pre-pilot plant, which will enable the final verification of the design for the larger commercial scale pilot plant. 

This plant is a key stage in the development of the Hazer Process, and is the first stage in Hazer’s transition from laboratory-based standard equipment to a custom-designed and constructed plant.

The Hazer Process is a low-emission hydrogen and high quality graphite production process using iron ore as a process catalyst.

Following commissioning and operation of the pre-pilot plant, Hazer intends to construct a prototype small scale commercial hydrogen and graphite plant.

Geoff Pocock, managing director, commented: “We are delighted by the rapid progress that Hazer has made over the past 12 months, and to be building our first non-laboratory production plant so rapidly after IPO is a sign of the simplicity and robustness of the underling Hazer technology.

“This plant will enable Hazer to more effectively engage with commercial partners and demonstrate the core Hazer value proposition.”


Progressing towards commercialisation

Prior to Hazer’s initial public offering (IPO), four key development stages were identified necessary to develop the Hazer technology into full-scale commercial plants.

Two of the four stages have now been completed; with the third stage (pre-pilot plant) currently under construction.

This pre-pilot plant is significantly more advanced than the laboratory based equipment, and the progressive operation of this system will provide key information required to verify the final design of the small commercial pilot plant.


Analysis

The design and construction of the pre-pilot plant represents a major milestone for Hazer.

It will show the scalability and versatility of the Hazer Process and its ability to deliver valuable products to both the global graphite and hydrogen markets.

Shares in Hazer have started 2017 strongly, trading up 19% year to date, currently priced at $0.645.

Quick facts: Hazer Group Ltd

Price: 0.395 AUD

ASX:HZR
Market: ASX
Market Cap: $40.98 m
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