- Hazer Group’s (HZR) funding application has been approved by the W.A. State Government
- The State will provide up to $250,000 for the company to conduct a feasibility study
- The study is for a planned renewable hydrogen transport hub in the City of Mandurah
- This project is strongly supported by the State as it aims to position W.A. as a major producer, user and exporter of renewable hydrogen
- Hazer Group is down by a slight 1.27 per cent, with shares trading for 39 cents each
Hazer Group (HZR) has announced its application for feasibility study funding from the Western Australian State Government has been successful.
The Government has committed to provide up to $250,000 in funding for the study.
Hazer’s application is planning a renewable hydrogen transport hub project in the City of Mandurah and the wider region.
This was backed by the Honourable Alannah MacTiernan MLC, Minister for Regional Development, as well as the Government’s Renewable Hydrogen Strategy.
This strategy aims to position Western Australia as a major producer, user and exporter of renewable hydrogen.
“Western Australia needs to explore how we can produce, use and provide energy to our international partners through clean and reliable sources – renewable energy via hydrogen provides a means to do this,” Minister MacTiernan said.
“We gratefully acknowledge the support of the State Government to the development of a low emissions hydrogen industry in Western Australia,” Hazer Managing Director Geoff Ward commented.
Out of 19 feasibility study applications, the State only approved seven. This confirms W.A’s strong interest in developing a renewable hydrogen industry.
The aim of the feasibility study will be to identify and get customers for hydrogen-based low emission transport applications. Thus, matching these with specific, implementable infrastructure and hydrogen supply solutions. This includes supply from the proposed Hazer Commercial Demonstration Project.
Hazer’s technology, the Hazer Process, is a low emission hydrogen and graphite production process.
It converts natural gas and similar methane feedstocks into hydrogen and high-quality graphite, using iron ore as a process catalyst.
Hazer Group is down by a slight 1.27 per cent, with shares trading for 39 cents each at 1:55 pm AEDT.