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Hazer Group Ltd. ( (AU:HZR) ) has provided an announcement.
Hazer Group Ltd has entered into a binding Memorandum of Understanding with M Resources to integrate its methane pyrolysis technology into the Whyalla steelworks proposal. This collaboration aims to transform Whyalla into a low-carbon emissions steelmaking hub, aligning with government plans for industrial renewal and carbon abatement. The partnership leverages Hazer’s strategic alliance with KBR and explores further deployment opportunities in other regions, enhancing Hazer’s industry positioning and offering significant implications for stakeholders in the clean steelmaking 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 company operating in the clean technology sector, focusing on the development and commercialization of its proprietary methane pyrolysis technology. This technology is designed to produce low-cost clean hydrogen and high-value graphite, primarily targeting industries such as steel manufacturing that are seeking to reduce carbon emissions.
Average Trading Volume: 425,966
Technical Sentiment Signal: Buy
Current Market Cap: A$118.1M
For an in-depth examination of HZR stock, go to TipRanks’ Overview page.