Hazer Group Achieves Key Milestone in Canadian Hydrogen Project

Hazer Group Ltd. ( (AU:HZR) ) has issued an announcement.

Hazer Group Ltd has successfully completed a pilot rig testing program in Canada, marking a significant milestone in its collaboration with FortisBC Energy Inc. The tests validated the commercial scale-up reactor design, crucial for the FortisBC Canada project, and identified opportunities for process optimization. The site selection for the project is progressing, with several locations undergoing feasibility assessments. The project aims to secure hydrogen offtake arrangements for various applications, including sustainable aviation fuel and natural gas blending. The company is advancing towards finalizing the Front-End Engineering and Design study, a key step before FortisBC’s Final Investment Decision, expected in 2025.

More about Hazer Group Ltd.

Hazer Group Ltd is an Australian company operating in the clean energy sector, focusing on the production of hydrogen and graphite using its proprietary Hazer Process. The company is involved in projects that aim to scale up hydrogen production, with a particular emphasis on sustainable and industrial applications.

YTD Price Performance: -13.33%

Average Trading Volume: 127,284

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$74.84M

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