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Hazer Group Ltd (ASX:HZR) has received $6.2 million in grant funding from the West Australian government to progress its commercial reactor scale-up program and much of its other work throughout 2025 and 2026.
The funding was awarded by the state gov’t under its Lower Carbon Grants Program Gorgon Fund, established this year to inject cash into local innovations and projects supporting decarbonisation.
Hazer has been told the grant is approved, subject to the execution of a Financial Assistance Agreement and Project Plan (which are substantially complete).
The project in question is Hazer’s reactor technology – the first iteration of which was installed in the company’s Commercial Demonstration Plant in 2023, with its test completed ahead of schedule this year.
The funding will advance the performance program of the commercial scale reactor at the CDP, which is capable of large-scale application of single train capacity of up to 40,000 tonnes per annum.
CEO and managing director Glenn Corrie said the funding was indicative of the value of Hazer’s initiatives in the climate change space. He said: “Government support plays a vital role in advancing the development of technology solutions in the fight against climate change.”
“We gratefully acknowledge the support of the Western Australian Government and the Gorgon Joint Venture for providing the funding to progress the important next phase of technology scale-up to commercialise Hazer’s novel Western Australian technology.”
Hazer has been trading at 39 cents.
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