"During Q4 2018 Hazer has also progressed an initial Concept Study for a commercial scale Hazer Plant withexternal engineering firm GLP Engineers. This study has identified a robust and practical design for anefficient plant of 2,500 tpa hydrogen capacity (approximately 8,750 tpa graphite). The plant has a small efficient footprint requiring minimal space ([approximately 40 x 40 m]) and will include on-site electricitygeneration for process heating. Based on early capex estimates (+/- 50% level) we anticipate such a plantcould be constructed for ~$30 - $35 million depending on feedstock and location requirements. We willcontinue to optimise the plant design as we progress with delivering the CDP and are progressing moredetailed design studies for the reactor component, the core part of our Hazer technology. We remain verypositive about progress on these studies."
From the recent presentation, it looks like they will have partners tied up for the commercial plant this year.
HZR Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
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