viewHazer Group Ltd

Hazer Group relocates pilot plant from Sydney to Perth

The FBR pilot plant has been relocated next to the PTR Pilot Plant in Perth.

FBR pilot plant
Mineral Resources has commenced commissioning of the PTR Pilot Plant

Hazer Group Ltd (ASX:HZR) has completed the relocation of its Fluidised Bed Reactor Pilot Plant (FBR Pilot Plant) from Sydney to Perth.

The company is now ready to re-commence its pilot testing program.

The Hazer FBR Pilot Plant is now located next to the Paddle Tube Reactor Pilot Plant (PTR Pilot Plant) which is being developed by Mineral Resources Ltd (ASX:MIN).

The PTR Pilot Plant is being developed in accordance with the cooperation agreement executed between Hazer and Mineral Resources in December 2017.

READ: Hazer Group has second Australian patent application for Hazer Process accepted

Hazer’s CEO Geoff Ward said: “We are very pleased that these important milestones have been achieved and we look forward to seeing the results from the PTR Pilot Plant over the coming months as we progress our collaboration with Mineral Resources to develop a commercial synthetic graphite production facility.

“With regards to the Hazer FBR program the outstanding results achieved in 2018 have given us the confidence to proceed into front-end engineering and design (FEED) studies for a Commercial Demonstration Plant (CDP).

Studies to be complete in April, FID mid-2019

“As previously advised these studies have progressed well and are expected to be completed in April. We are continuing to work with potential off-take hydrogen partners, gas suppliers and project funders to bring together the first commercial Hazer facility.

"We are targeting securing all the necessary project agreements to take a final investment decision on the CDP by mid-2019, with a projected commencement date for the Commercial Demonstration Plant of Q4 2020.”

READ: Hazer Group retains speculative buy (higher risk) recommendation from State One Stockbroking

Hazer aims to commercialise its proprietary Hazer Process – the conversion of natural gas into hydrogen and graphite, using iron ore as a process catalyst.

Quick facts: Hazer Group Ltd

Price: 0.5 AUD

Market: ASX
Market Cap: $56.82 m

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