First Graphene (ASX:FGR) has entered into a memorandum of understanding (MoU) with Hazer Group (ASX:HZR), which CEO Michael Bell says potentially opens the door to more joint research and development opportunities.
The MoU allows both companies to explore carbon-based material processing and product synergies, with a view to potentially expanding First Graphene’s range of products outside of its PureGRAPH range.
Under the MoU, Hazer will provide First Graphene’s samples and information relating to the properties of HAZER Process graphite that has been produced from its commercial demonstration plant in Western Australia.
First Graphene, which has a market capitalisation of $49.53 million, will assess HAZER Process graphite and identify potential applications in First Graphene’s hybrid graphene or larger size carbon additive supply portfolio.
Bell says this collaboration brings two companies together with a focus on producing high-value carbon-based materials that complement each other’s existing product portfolio.
Hazer CEO Glenn Corrie adds this collaboration represents an “exciting” opportunity to explore applications for graphite produced via the HAZER Process.
“Graphite is increasingly recognised as a critical mineral, and graphene as a transformative material with wide-ranging applications in advanced manufacturing, construction, and environmental technologies,” Corrie says.
Potential commercial options will be explored, following assessing and testing supply and offtake agreements for the same graphite.
Hazer Group is an Australian technology company focused on its advanced tech that explores the production of clean and economically competitive hydrogen and graphite, using natural gas feedstock and iron ore as the process catalyst.
First Graphene is a developer focused on advanced materials. The company is a supplier of graphitic materials and product formulations with a specific commercial focus on global markets.
Write to Aaliyah Rogan at Mining.com.au
Images: First Graphene
