Hazer Group’s (ASX:HZR) alliance with Kellogg Brown and Root (NYSE:KBR) is generating early interest in Hazer’s technology from prospective licensees.
Following the execution of a binding alliance agreement in May this year, Hazer’s now sits within KBR’s Net Zero and Sustainable Future portfolio with the two companies advancing commercialisation and licensing milestones.
Major equipment components have now been selected to underpin Feasibility assessments.
The agreement engages KBR to assist in the deployment of Hazer technology in the ammonia and methanol markets, as well as other hydrogen sectors, focusing on the marketing, licensing, and commercialisation, as reported by Mining.com.au.
Hazer CEO Glenn Corrie says the partnership has generated plenty of early momentum for both parties due to KBR’s presence at major industry conferences generating interest from prospective licensees.
“The inclusion of the Hazer Process in KBR’s Net Zero portfolio is a strong endorsement of our technology and its relevance to global decarbonisation efforts,” Corrie says.
“KBR’s reputation, global reach and execution capability are proving invaluable as we move through our commercialisation phase.
“We remain focused on delivering licensing outcomes and building a robust pipeline of industrial-scale projects.”
Hydrogen plays a critical role in the production of ammonia and methanol, which have potential to act as low-carbon fuels and hydrogen carriers needed to drive the energy transition.
Hazer Group is an Australian technology company focused on driving global decarbonisation efforts.
Write to Maddison Elliott at Mining.com.au
Images: Hazer Group
