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Hazer Group and ENGIE extend their MOU to develop a Project Development Plan for a clean hydrogen and graphitic carbon production facility based on Hazer's proprietary technology in Montoir-de-Bretagne, France.
Pre-Feasibility Study completed, indicating that Hazer technology can meet EU regulations for low carbon hydrogen production.
Both parties will collaborate to develop definitive commercial agreements and explore project funding sources, including EU programs.
Hazer Group Limited has achieved a key progress milestone under the Australian Renewable Energy Agency Funding Agreement, allowing them to drawdown $2.97 million.
The Tranche 3 funding has been split into two portions, 3.a and 3.b, with 3.a being $2.97 million for practical completion and commissioning of cold operations, and 3.b being $0.95 million for similar for hot operations.
ARENA has approved the completion of milestone 3.a.