Core Viewpoint - Hazer Group Ltd has signed a non-binding memorandum of understanding (MoU) and graphite offtake letter of intent (LOI) with Green Steel of WA, marking a significant step in commercializing its graphite by-product and linking its technology to a low-emissions steelmaking project in Western Australia [2][3]. Group 1: Agreement Details - The agreement represents Hazer's first formal framework for supplying graphite to the steel sector, positioning the company within the emerging green steel value chain [3]. - Under the proposed LOI, Hazer would supply up to 85,000 tonnes of graphite over 10 years, equivalent to 8,500 tonnes per annum, with deliveries expected to begin in 2030 [5]. - Pricing for the graphite is proposed to be linked to the landed price of anthracite at Bunbury, with a 5% discount, providing an initial commercial reference point [6]. Group 2: Project Development - The Collie Steel Mill, being developed by Green Steel of WA, is set to be Australia's first low-emissions steel mill and the first new domestic steelmaking facility in over 30 years, with construction targeted for late 2026 and initial operations expected in 2028 [4]. - The facility is designed to produce steel rebar using recycled scrap steel for both domestic and export markets [4]. Group 3: Strategic Collaboration - The MoU outlines a framework for broader collaboration, including project development, government engagement, and advancing Hazer's role in steel sector decarbonization [7]. - The arrangement is non-exclusive, with each party responsible for its own costs, and aims to progress the non-binding LOI toward a definitive agreement [7]. Group 4: Industry Context - The agreement positions Hazer within a challenging industrial decarbonization pathway, as steelmaking is a major global emissions source [8]. - Hazer's process produces hydrogen and high-purity graphite from natural gas, offering a potential lower-emissions substitute for traditional carbon inputs in electric arc furnace operations [8]. Group 5: Next Steps - The immediate focus for Hazer will be on further graphite testing and qualification, while also progressing the current non-binding terms into a binding offtake agreement [9]. - Hazer will continue to advance its future production capacity as Green Steel of WA progresses the development of the Collie Steel Mill [9].