- Hazer Group (HZR) has appointed AP Ventures Managing Partner Andrew Hinkly to the company’s board
- The company is working on commercialising its low-emission hazer process — enabling the effective conversion of natural gas and similar methane feedstocks into hydrogen and high-quality graphite
- The appointment follows a $4 million investment in the company by AP Ventures, which was recently approved by the Australian Government’s Foreign Investment Review Board
- Andrew’s high-profile career spans more than 25 years in the automotive and mining industries and has seen him take up senior leadership positions at the likes of Anglo American and Ford Motor Company
- With the AP Ventures deal near completion, convertible notes and options will be issued shortly
- Hazer shares are down 10.3 per cent, trading at $1.01 per share
Hazer Group (HZR) has appointed AP Ventures Managing Partner Andrew Hinkly to the company’s board.
HZR is working to commercialise its low-emission hazer process, which enables the effective conversion of natural gas and similar methane feedstocks into hydrogen and high-quality graphite, using iron ore as a catalyst.
Located in London, AP Ventures invests in hydrogen production, storage and transportation.
The appointment follows a $4 million investment in Hazer by AP, which was recently approved by the Australian Government’s Foreign Investment Review Board.
The founding managing partner is pegged to bring a wealth of experience to the board, having been involved in numerous investments in the hydrogen sector across all aspects of the hydrogen value chain.
According to Hazer, Andrew’s high-profile career spanning more than 25 years in the automotive and mining industries has seen him take up senior leadership positions at the likes of Anglo American and Ford Motor Company.
Hazer Group Chair Tim Goldsmith said the company is delighted to complete its investment with AP Ventures and welcome Andrew to the board.
“We look forward to Andrew’s contribution to the board of Hazer and working closely with AP Ventures as we commercialise our Hazer technology,” he said.
“AP Ventures’ extensive presence in the hydrogen market and global network of investment companies and partners provides them with a unique insight into the rapidly evolving hydrogen market; we look forward to working with this knowledge to accelerate our own development,” Tim continued.
“Andrew’s extensive commercial experience and long record with working with companies commercialising new technology will add to our board’s capability as we navigate this critical phase of technology development.”
According to Hazer, convertible notes and options under the AP Ventures deal will be issued shortly.
Hazer shares are down 10.3 per cent, trading at $1.01 at 4:34 pm AEST.