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Hazer Group Ltd. ( (AU:HZR) ) has provided an announcement.
Hazer Group Ltd has extended its collaboration with POSCO, one of the world’s largest steelmakers, to integrate Hazer’s clean hydrogen and low-emissions graphite technology into POSCO’s low-carbon steel production pathway. This extension follows successful testing of Hazer’s technology by POSCO and aims to support the decarbonisation of the steelmaking industry, which is responsible for over 8% of global CO2 emissions. The collaboration aligns with POSCO’s goal of achieving carbon neutrality by 2050 and reflects growing interest in Hazer’s technology across the steel sector.
The most recent analyst rating on (AU:HZR) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Hazer Group Ltd. stock, see the AU:HZR Stock Forecast page.
More about Hazer Group Ltd.
Hazer Group Ltd is an Australian technology company focused on global decarbonisation through its innovative climate-tech solutions. The company specializes in producing clean hydrogen and high-quality graphite using natural gas or biogas as feedstock and iron ore as a process catalyst.
Average Trading Volume: 460,700
Technical Sentiment Signal: Buy
Current Market Cap: A$117.8M
For an in-depth examination of HZR stock, go to TipRanks’ Overview page.