- Hazer Group (HZR) has commenced site works at the Woodman Point wastewater treatment facility in Kwinana, Western Australia.
- This week, Hazer will commence equipment mobilisation, site clearing and civil earthworks at the project
- However, the company now expects final costs to land between $17.9 million and $18.7 million — 5 to 10 per cent over the initial capital cost estimate
- Hazer says the project is on track for installation and construction activities to commence from mid-2021
- On the market this morning, Hazer is up 2.31 per cent and trading at $1.33 per share
Hazer Group (HZR) has commenced site works at the Hazer Commercial Demonstration Project (CDP) at Water Corporation’s Woodman Point in Kwinana, WA.
The company is currently working towards the construction of a Hazer Commercial Demonstration Project (CDP) at the Water Corporation’s Woodman Point.
This week, Hazer will commence equipment mobilisation, site clearing and civil earthworks.
However, the company now expects final costs to land between $17.9 million and $18.7 million — 5 to 10 per cent over the initial capital cost estimate.
Hazer says the cost hike is due to a number of factors, such as an increased budget for the reactor and furnace packages, engineering costs, primary equipment costs and increased labour costs.
During the first quarter of 2021, activities to advance the Hazer CDP continued to progress, particularly on the primary focus area.
With civil works starting this month and the first equipment packages received during the quarter, Hazer continues to plan site installation and construction activities to commence from mid-2021.
The company is aiming to complete the project in 2021’s fourth quarter.
“We continue to make strong progress on the CDP with the finalisation of key aspects of the technical design and commencement of earthworks,” Hazer CEO Geoff Ward said.
“As a first-of-kind project, the technical challenges are significant, but I am delighted by the way the Hazer team has worked with industry experts, suppliers and universities to resolve these challenges and deliver a robust design for the
Hazer project,” he added.
On the market this morning, Hazer is up 2.31 per cent and trading at $1.33 per share at 11:50 am AEDT.