Hazer taps KBR to accelerate FortisBC clean hydrogen project in Canada

The latest announcement is out from Hazer Group Ltd. ( (AU:HZR) ).

Hazer Group has engaged engineering giant KBR to fast-track development of its proposed 2,500 tonnes per annum clean hydrogen and 9,500 tonnes per annum graphite facility in British Columbia, Canada, being advanced in partnership with FortisBC. KBR’s familiarity with the Hazer process will allow site-specific engineering to be accelerated, project economics refined and potential economies of scale assessed, positioning Hazer to deliver its first commercial-scale North American plant sooner.

Under the existing project development agreement, FortisBC will own, develop and operate the facility while Hazer licenses its technology and provides core process engineering, generating services revenue without capital expenditure obligations for Hazer. The project, which has provincial funding support via the CleanBC Industry Fund, reinforces Hazer’s capital-light growth strategy and its push to expand across North America, where the company reports growing engagement and a strengthening pipeline of near-term opportunities.

The most recent analyst rating on (AU:HZR) stock is a Hold with a A$0.36 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 climate-technology company focused on commercialising a proprietary process to produce clean, cost-competitive hydrogen and high-quality graphite. Its technology uses natural gas or biogas and iron ore as a catalyst, supporting global decarbonisation efforts through a capital-light licensing model and partnerships with large energy utilities.

Average Trading Volume: 206,074

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$96.98M

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