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Hazer Group & BOC Agree on Term Sheet for Hydrogen Offtake

By December 31, 2019 3   min read  (424 words)

December 31, 2019 |

Hazer and BOC Hydrogen

• Hazer Group and BOC Limited agree on Term Sheet for hydrogen offtake from Hazer Commercial Demonstration Project, a low emission hydrogen production facility.

PERTH, AUSTRALIA–Hazer Group Limited (ASX:HZR) is pleased to announce that it has entered into a Term Sheet with BOC Limited for Hydrogen Offtake from the proposed Hazer Commercial Demonstration Project to be located at the Woodman Point Wastewater Treatment Plant.

Under the Term Sheet, Hazer and BOC agree to negotiate a binding Hydrogen Offtake Agreement whereby BOC will be the off-taker for hydrogen produced at the Hazer Commercial Demonstration Project and will supply storage, logistics and refueling services to deliver hydrogen to end-users. The parties have agreed to use best endeavors to conclude a binding agreement by 30 March 2020.

The Hazer Commercial Demonstration Plant will be the first fully integrated, operational production facility based on the Hazer Process, and represents the key next step in fully commercializing the Hazer technology.

Originally developed at the University of Western Australia, Hazer Group’s novel hydrogen and graphite production technology offers a low cost, low emissions alternative to existing commercial hydrogen production methods. The Hazer Process utilizes methane as a feedstock to produce hydrogen and graphite, without the production of carbon dioxide in the reaction process, instead capturing the carbon in the feedstock as solid graphite.

“We’re very pleased to have entered into this Term Sheet with BOC. We have been working with BOC and a range of other stakeholders to identify prospective users for the hydrogen from the Hazer Commercial Demonstration Project. We are very encouraged by the level of interest from government, public and private entities to deliver low-emission transport solutions in Australia.” Hazer Group Managing Director and CEO, Geoff Ward said.

“With the release of the National Hydrogen Strategy and with the WA Renewable Hydrogen Strategy already in place, this collaboration positions the Hazer CDP as a key supplier to a future Hydrogen Hub to support transport applications in the region. We look forward to working with BOC to develop a hydrogen refueling hub in WA, and greatly appreciate the support and assistance of the BOC team in achieving this milestone.”

Vesna Olles, Director, Strategy and Business Development, said: “BOC is committed to collaborating with industry, government and academia to progress the development of Australia’s emerging hydrogen economy from production, right through to point of use.”

“We look forward to working with Hazer on the next phase of its unique hydrogen demonstration project and sharing our technical expertise to support the supply of hydrogen to Western Australian customers.”

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