Hazer Group (ASX:HZR) has signed a binding agreement with a tier-one Japanese power utility to undertake a paid study into the deployment of its methane pyrolysis technology.
The deal is the first commercial engagement for engineering firm KBR (NYSE:KBR) since the process design package was completed in April 2026. Under the deal, the Hazer-KBR Alliance will deliver a Prefeasibility Study evaluating the integration of Hazer’s technology with the customer’s power generation portfolio.
The study aims to assess hydrogen production capacities of 30,000 and 300,000 tonnes per annum and is expected to be completed by the end of 2026.
Hazer expects to receive approximately $65,000 in revenue for the initial phase.
CEO Glenn Corrie says the deal highlights a ‘large-scale’ opportunity with a ‘strategic’ customer.
“Securing another revenue-generating study under the Hazer-KBR Alliance demonstrates the growing commercial momentum of the partnership and the strong application potential for Hazer’s technology across the Japanese market,” Corrie says.
“We look forward to working with our Japanese customer and KBR to progress this important study and demonstrate the potential for methane pyrolysis to deliver scalable, commercially competitive low-emissions hydrogen to the clean power sector.”
The counterparty remains commercial-in-confidence but is described as a major Japanese energy utility with significant global LNG buying operations and domestic and international power generation capacity.
Hazer’s intellectual property protection in Japan was recently bolstered by the grant of a key patent by the Japanese Patent Office in June 2026.
Hazer Group is an Australian technology development company focused on global decarbonisation efforts with the commercialisation of the company’s climate technology.
Write to Paula Fabe at Mining.com.au
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