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Hazer Group Ltd

Hazer Group finishes building pre-pilot facility

Commissioning of the facility is expected to be complete this month.

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LNG tank

Hazer Group (ASX:HZR) has completed construction of its pre-pilot plant facility located in Sydney as part of its plan to commercialise its Hazer process.

Commissioning work is currently underway to achieve initial, hydrogen and graphite production at the newly built facility.

This marks an important milestone in the development of Hazer’s low cost, low emission hydrogen and graphite production process, known as the Hazer process.

This is the first step in the company’s transition from laboratory-based operations to a custom-designed and constructed plant.

Hazer expects to complete commissioning around the end of March 2017.


Background

Hazer Group is a technology development company undertaking the commercialisation of the Hazer process, a low-emission hydrogen and graphite production 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.


Pre-pilot plant facility

This pre-pilot plant is significantly more advanced than current laboratory based equipment.

The progressive operation of this system will also provide key information required to verify the final design for the next stage of scale up, expected to be a commercial scale prototype plant, with an equivalent scale as required for vehicle refueling solutions.

The key improvements of the current facility compared to the previous laboratory based equipment are:

- Multiple processing methods of operation and operational flexibility;
- High pressure, temperature and gas flow capability to allow for full system optimisation;
- Upgraded graphite filter capture system to allow for greater extraction efficiency;
- Capability to eject and capture graphite during operation; and
- Capability to inject catalyst into the system during operation (2nd phase of operation).


Recent strategic placement

Hazer recently issued 8.33 million shares priced at $0.60 raising $5.0 million to major shareholder and ASX-listed Minerals Resources (ASX:MIN).

Shares also come with a 1:2 unlisted option exercisable at $0.70 expiring 31 December, 2019.

In addition to the placement, Mineral Resources and Hazer have agreed to enter into formal discussions towards the establishment of a joint venture to develop a commercial scale synthetic graphite plant, to supplement Mineral Resources’ significant existing battery materials business.

Mineral Resources is a leading and innovative full-service provider of mining infrastructure services in Australia.

This placement not only provides Hazer with access to valuable short term funding but provides a strategic platform for growth with Mineral Resources, a company with a $2+ billion market cap.

News flow related to the formalisation of the joint venture will be highly anticipated.

Quick facts: Hazer Group Ltd

Price: $0.38

Market: ASX
Market Cap: $36.47 m
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