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Hazer Group Limited (ASX:HZR)

ALERT: Price-sensitive ASX Announcement for HZR
Current share price for HZR : $0.285 -0.04 (-12.31%)+
Announcement
Release
17 Aug 2026 8:26AM
Price at Release
$0.325
Full Release
download
Summary
Hazer Group Limited, in partnership with KBR, has entered into a binding agreement with a leading Japanese power utility to conduct a paid study exploring the integration of Hazer’s methane pyrolysis technology into the utility's power generation portfolio. This study, which signifies the first KBR-led commercial venture since finishing Hazer's Process Design Package in April 2026, aims to evaluate hydrogen production capabilities of 30,000 and 300,000 tonnes per annum. With an anticipated completion by the year's end, the study not only boosts Hazer’s strategic foothold in Japan due to a recently granted patent but also highlights Japan's significance as a market focused on low-emissions hydrogen solutions. The initial phase is projected to yield A$65,000 for Hazer, reflecting a growing commercial momentum in deploying scalable, low-emissions hydrogen technology across Japan.
Key Points
  • Hazer Group Limited, in alliance with KBR, secured a paid study with a leading Japanese power utility to explore the integration of Hazer's methane pyrolysis technology.
  • The study will assess hydrogen production capabilities of 30,000 and 300,000 tonnes per annum and is expected to conclude by year-end.
  • This marks the first KBR-led commercial engagement since the completion of Hazer's Process Design Package in April 2026.
  • Hazer's strategic presence in Japan is bolstered by a recent patent grant from the Japanese Patent Office.
  • Japan remains a key market for Hazer due to its focus on low-emissions hydrogen and energy security.
  • The initial phase of the study is expected to generate approximately A$65,000 in revenue for Hazer.
  • The Japanese utility involved is a tier-1 company with significant power generation capacity and is a major global LNG buyer.
  • The study is part of Hazer's broader efforts to expand its commercial opportunities and demonstrate the scalability of its technology.
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.