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Hazer Group Limited (ASX:HZR)

ALERT: Price-sensitive ASX Announcement for HZR
Current share price for HZR : $0.300 -0.07 (-18.92%)+
Announcement
Release
19 Mar 2026 8:40AM
Price at Release
$0.370
Full Release
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Summary
Hazer Group Limited has signed a non-binding MOU and Graphite Offtake LOI with Green Steel of WA, covering up to 85,000 tonnes of graphite over a 10-year term starting in 2030. This represents Hazer's first commercial graphite offtake with a steelmaking customer, supporting the company's strategy to monetize graphite and decarbonize the steel industry, which contributes significantly to global CO2 emissions. The graphite will be used in Green Steel's Collie Steel Mill's electric arc furnace, highlighting the potential for Hazer's low emissions hydrogen and graphite technology in industrial applications.
Key Points
  • Hazer Group Limited has signed a non-binding Memorandum of Understanding (MOU) and Graphite Offtake Letter of Intent (LOI) with Green Steel of WA (GSWA).
  • The agreement covers up to 85,000 tonnes of graphite over a 10-year period, beginning in 2030, with pricing linked to the anthracite benchmark.
  • This marks Hazer's first commercial graphite offtake with a steelmaking customer, validating the interest in Hazer's low emissions hydrogen and graphite technology.
  • The Hazer Process produces low emissions hydrogen and graphite, fitting well into decarbonizing steel production.
  • The collaboration aims to decarbonize the steel industry, which currently accounts for approximately 7% of global CO2 emissions.
  • The graphite from Hazer will be used in the proposed Collie Steel Mill’s electric arc furnace as a recarburiser, replacing anthracite.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.