Hazer Group Identified as Leading Sustainable Technology Company
Perth, Australia , March 2, 2017 (Newswire.com) - Hazer Group (ASX:HZR), the ASX listed innovative low emission hydrogen and graphite technology company, will present at CleanEquity Monaco 2017 on March 9th & 10th at the Fairmont Monte Carlo.
CleanEquity is an annual invitation-only event hosted by Innovator Capital, the London-based specialist investment bank. The conference provides an intimate and collegiate setting for inventors and entrepreneurs to share their stories with delegates and key decision makers looking to assist them with reaching their commercial and strategic goals.
Other partners and sponsors include Prince Albert II of Monaco’s Foundation, Covington & Burling, Cisco EIR, Cision, Cranfield University, Hobbs & Towne, the Monaco Economic Board, Parkview and the Social Stock Exchange.
Hazer Group has been identified by an expert panel as one of the world’s most innovative sustainable technology companies and has been selected to present to senior financial and strategic cleantech investors, policy makers, legislators, end users and media.
Hazer’s Business Development Manger Terry Walsh said, “It’s an absolute honour to be selected from over 600 companies to present our exciting story at this high calibre event. We look forward to connecting with individuals and groups who can potentially enable and accelerate our ambition to become a global leader in low emission hydrogen and graphite production.”
Hazer’s selection into the conference centres on the company’s innovative process that uses iron ore to convert natural gas into hydrogen and graphite. Importantly, their process generates significantly lower emissions than traditional hydrogen production process like steam methane reforming, as the carbon content of the gas is captured in the form of high-quality synthetic graphite.
Managing Director Geoff Pocock says, "Hazer’s strong commercial advantage for accessing both hydrogen and high-quality graphite markets comes from harnessing iron-ore as an ultra-cheap catalyst as well as having two separate and valuable products from the process."
“Using very cheap feedstock’s like natural gas and iron-ore, the early stage indication is that the Hazer Process has the potential to be the cheapest way of making hydrogen globally, while also significantly reducing the emissions traditionally associated with hydrogen production,” Pocock says.
While the company plans on playing a major role in the US$100B industrial hydrogen market by producing economically competitive hydrogen, which is also ‘clean’, Pocock sees the company’s low-emission hydrogen providing a gateway to applications in the sustainable energy market.
“As the only clean-burning fuel – that is one that can generate energy without CO2 emissions, hydrogen is tipped to play a key role in future energy markets, but production remains costly as well as carbon dioxide intensive, which cancels out the effectiveness of hydrogen-based clean energy production for things like Fuel Cell Vehicles.”
And it’s this Fuel Cell Vehicle market (FCV) where Pocock and his team see a big opportunity for the company’s cleaner hydrogen;
“There’s no real benefit in using hydrogen as a fuel if you have emitted a lot of CO2 in making the hydrogen in the first place. And with less than 5% of the 65m tonnes of hydrogen produced each year used in energy applications, we feel the low-emissions associated with our process puts us in a great position to penetrate the clean energy verticals like the Fuel Cell Vehicle (FCV) market.”
Currently many major automotive players are pursuing a dual solution for zero-emission products and looking to offer consumers an EV and FCV option. Three leading manufacturers already offer commercially available hydrogen fuel cell vehicles and the FCV market size is estimated to reach over USD 18 billion by 2023 with the technology able to power airport tugs, forklifts, heavy duty vehicles and passenger vehicles.
Hazer is also set to benefit from the significant hydrogen infrastructure being developed around the world. In Europe the number of hydrogen stations is expected to double biannually, with up to 400 stations in Germany alone by 2023, and California has set the goal of having 100 stations by 2020.
China has also set the goal of having 50,000 FCEVs on the road by 2025 and 1 million by 2030 with Japan deploying around 200,000 FCEVs by 2025 and 0.8 million by 2030.
About Hazer Group
Hazer Group Limited is an ASX-listed technology development company undertaking the commercialisation of the Hazer Process, a low-emission hydrogen and graphite production process. The Hazer Process enables the effective conversion of natural gas and similar feedstocks, into hydrogen and high quality graphite, using iron ore as a process catalyst. The process also requires substantially lower energy requirements compared to electrolysis-based hydrogen production, creating significant cost and energy advantages.
For further information, investor or media enquiries, please contact:
Michael Wills – Hazer Group
Email: mwills@hazergroup.com.au
Phone: 0468 385 208
About Innovator Capital
Innovator Capital, established in 2003, is a specialist investment bank advising emerging technology companies on corporate finance, mergers and acquisitions. Its expertise includes intellectual property and multi national strategic partnering.
Source: Hazer Group Ltd