Hazer and KBR Enter Global Deal to Accelerate Licensing and Commercialisation

Core Viewpoint - Hazer Group Ltd has entered into a binding Alliance Agreement with KBR for the commercial deployment and licensing of Hazer's methane pyrolysis technology, aiming to decarbonize the ammonia and methanol sectors while providing clean hydrogen solutions to meet global demand [2][5][6]. Group 1: Alliance Agreement Details - The Alliance designates KBR as Hazer's exclusive global partner for marketing, licensing, and deploying Hazer technology in the ammonia and methanol markets [5][9]. - The initial term of the Alliance is six years, with an option to extend based on performance metrics [9]. - KBR will contribute approximately A$3 million to the work program, which is expected to cost between A$3.0-5.0 million [10][8]. Group 2: Strategic Rationale and Business Impact - The partnership is expected to create new revenue streams by accessing global ammonia and methanol markets, significantly expanding Hazer's market penetration [14]. - The collaboration aims to de-risk and accelerate project deployment by leveraging KBR's resources and market reach [14][15]. - Hazer has a customer pipeline of over 40 potential licensing opportunities, enhancing the likelihood of achieving ten licensing deals in the next decade [13][14]. Group 3: Market Context and Technology Impact - Hydrogen is critical for ammonia and methanol production, representing over 50% of global hydrogen demand, with the combined market value estimated at US$120 billion [16]. - The current hydrogen production process is CO2 intensive, contributing over 500 million tonnes of CO2 emissions annually [16]. - Hazer's technology aims to provide a clean and affordable hydrogen supply, positioning it as a low-emissions alternative for both existing and new deployments in the ammonia and methanol industries [17][18].