PERTH, AUSTRALIA–Hazer Group Ltd (“Hazer” or the “Company”, ASX: HZR) is pleased to announce the approval of its FY2023 Research and Development (“R&D”) tax incentive refund of $3.13 million.
The Australian Federal Government’s R&D Tax Incentive program provides a cash refund on eligible research and development activities performed by Australian companies and is an important program that strongly supports Australian innovation. Funds are expected to be received shortly allowing the Company to settle a related loan of $1.85 million with Radium Capital.
About Hazer Group Ltd
Hazer Group Limited (“Hazer” or “The Company”) is an ASX-listed technology development company undertaking the commercialisation of the Hazer Process, a low-emission hydrogen and graphitic carbon production process. The Hazer Process enables the effective conversion of natural gas and similar methane feedstocks, into hydrogen and high-quality advanced carbon materials, using iron ore as a process catalyst.
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