• First Hydrogen and Graphite production and 36 hours of continuous hot operation achieved.
• Initial results from first two (2) runs provide confidence in Hazer’s technology commercial scalability.
• Preparation underway for extended duration runs in line with test program schedule.
• Hazer to host an investor webinar to discuss the CDP operations and Company outlook.
PERTH, AUSTRALIA– Hazer Group Ltd (“Hazer” or “the Company”) (ASX: HZR) is pleased to provide an update on the Company’s Commercial Demonstration Plant (“CDP”). The Company confirms the initial two performance test runs have been successfully completed with positive results.
The initial performance test runs have demonstrated the fundamentals of Hazer’s technology for the first time at commercial scale. The Company confirms key objectives were achieved during 36 hours of continuous operation with highlights as follows:
• Technology proof-point with commercial scale hydrogen and graphite production from methane;
• Hydrogen production and conversion rates consistent with design expectations;
• Graphite production and initial purities in line with expectations. Analysis and test work ongoing;
• Successful demonstration of Hazer plant equipment with reactor temperature and pressure control; and
• Equipment integrity, safe start up and shutdown procedures proven.
Minor improvements to the plant are now being implemented, taking into consideration the learnings identified during the initial runs, this includes small modifications to the feed gas system to increase feed rate, enhancing data collection and optimisation of test run procedures.
During the test program, planned shutdowns follow each run to facilitate inspection of key equipment, gathering of process data and to prepare for subsequent runs. The upcoming phase of the performance test plan targets extended operation and additional data collection to further validate larger scale design performance and graphite production.
The observations and learnings from initial results will flow into the current commercial projects and inform engineering and design parameters, as well as potential new technology license opportunities.
Hazer MD & CEO Glenn Corrie said “This is a first-of-a-kind technology with cutting-edge innovation, and I am delighted with the team’s early progress and the initial results that demonstrate the fundamentals of Hazer’s technology for the first time at commercial scale. The team is working diligently to use every opportunity to record and analyse the test data and use it to improve our subsequent runs and future commercial plant designs.”
Webinar Announcement
The company will be hosting a Webinar on Wednesday, 28 February, at 8am (AWST) / 11am (AEDT). The webcast will be hosted by MD & CEO, Glenn Corrie, where he will provide further information on the CDP and discuss Hazer’s strategic priorities for 2024.
Shareholders are encouraged to send questions ahead of time to [email protected]. For those unable to join, a recording of the call will be available on the company website shortly following completion.
Webcast Details
Date: Wednesday, 28 February 2024
Time: 8am AWST (Perth), 11:00am AEDT (Sydney/Melbourne)
Registration: https://us02web.zoom.us/webinar/register/WN_EiB3mg8ARnuQ2IQXMTBvsQ
This announcement is authorised for release by the Board of the Company.
Corporate Enquiries
Hazer Group
Email: [email protected] Phone: +61 8 9329 3358
Media enquiries
WE Communications – Ana Harrop
Email: [email protected]
Phone: +61 452 510 255
About Hazer Group Limited
Hazer Group is an Australian technology company, driving global decarbonisation efforts with the commercialisation of the company’s disruptive world-leading climate-tech. Hazer’s advanced technology enables the production of clean and economically competitive hydrogen and high-quality graphite, using a natural gas (or biogas) feedstock and iron-ore as the process catalyst.
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