Sharecafe

Hazer Group Expands Hydrogen Production Efforts

Thumbnail
MOU established with EnergyPathways for UK hydrogen storage hub integration

Hazer Group (ASX:HZR) has signed a memorandum of understanding (MOU) with EnergyPathways (LSE:EPP) to integrate its hydrogen production technology into the Marram Energy Storage Hub (MESH) in northwest England. Hazer Group is an Australian company focused on developing a methane pyrolysis technology to produce clean hydrogen and graphite. EnergyPathways is a UK-based energy company focused on developing integrated energy storage projects.

The collaboration aims to advance the Hazer hydrogen production facility to an annual production capacity of up to 20,000 tonnes, utilising raw materials from MESH. The produced hydrogen, ammonia, and graphite will be stored and distributed throughout northwest England. Both companies will conduct engineering studies to assess production levels for all commodities.

Hazer CEO Glenn Corrie expressed enthusiasm for producing affordable, low-carbon products through the integration with EnergyPathways’ MESH project. EnergyPathways CEO Ben Clube highlighted the project’s potential to deliver the lowest-cost clean hydrogen production in the UK and decarbonise future gas development projects. The Hazer facility will also rely on its alliance with KBR (NYSE:KBR) to manufacture ammonia.

The facility will contribute to the UK’s hydrogen strategy, which aims to increase low-carbon hydrogen production to 10 gigawatts by 2030. Hydrogen is seen as a key element in reducing global carbon emissions, offering a lower-emission alternative in transportation and power generation.

Serving up fresh finance news, marker movers & expertise.
LinkedIn
Email
X

All Categories

Subscribe

get the latest