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Hazer Group Ltd (ASX:HZR) has been granted a patent from Japanese authorities relating to its process of producing hydrogen and graphitic carbon from hydrocarbons, which will allow it to build on several key business partnerships it has fostered within the country.
The application was accepted by the Japanese Patent Office in December 2024, and it specifically covers Hazer’s use of iron ore as a catalyst in the production of hydrogen from methane or natural gas.
Given the company’s involvement with Chubu Electric and Chiyoda Corporation in a commercial project, plus its strategic partnership with Mitsui for graphite market development – amongst other engagements on the ground – this decision further consolidates Hazer’s status in Japan.
CEO and MD Glenn Corrie said the Japanese patent achievement would help the company connect its technology to this important market.
“Japan is an important and strategic market for Hazer and our proprietary technology offers an attractive solution to locally produce low-cost, low-carbon hydrogen, using existing supply chains and infrastructure,” he said.
“We have strong and long-standing partnerships with several tier-one corporations in Japan and a growing pipeline of other potential customers in key industries.
“Securing this important IP protection in Japan ensures we maintain a leading position in methane pyrolysis and the production of low-cost clean hydrogen and graphite with our proprietary technology.”
Hazer has been trading at 35 cents.
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