Hazer Group Ltd. (AU:HZR) has released an update.
Hazer Group Ltd. has entered a binding agreement with FortisBC to develop a 2,500-tonne-per-annum hydrogen production facility in Canada, leveraging Hazer’s low-emission technology. FortisBC will have full equity ownership and manage the facility, aiming to support British Columbia’s emissions reduction goals by supplying clean hydrogen to industrial customers. This move signifies a strategic advancement in Hazer’s commercialization efforts and adherence to a capital-light business model.
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