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Hazer Group Extends Partnership with Mitsui for Graphite

Oct 17, 2024over 1 year ago

Contract Type

partnership

PerthManufacturingEnergyOil And GasRenewable Energy

Description

Hazer Group has extended its partnership with Mitsui for graphite production. The partnership aims to further develop and commercialize Hazer's low-emission graphite production technology, leveraging Mitsui's expertise and resources.

Company Information

Company

Hazer Group Limited

Location

Perth, Western Australia, Australia

About

Based in Perth, Western Australia, Hazer Group was founded in 2010 to commercialise technology originally developed at the University of Western Australia, and the Company listed on the ASX in December 2015. Prior to listing, over eight years was spent developing the underlying Hazer Process, using natural gas and unprocessed iron ore to create low cost, low-emission “clean” hydrogen, considered to be a key fuel in the transition to low carbon economy. In addition to the hydrogen product, the Hazer Process produces synthetic graphite, used in lithium ion batteries, lubrication and industrial applications. Since listing on the ASX, Hazer developed a research partnership with the University of Sydney, and established its core development operations within the School of Chemical and Biomolecular Engineering at the University of Sydney. The company has achieved a number of key developmental milestones including the construction of Hazer's Pre Pilot Plant, the production of high-purity synthetic graphite and hydrogen and successful testing of Hazer Graphite in lithium-ion batteries. Most recently, Hazer has signed a Heads of Agreement with Mineral Resources for the potential development of commercial synthetic graphite facilities.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months