The race is warming up. Hazer needs to get a wriggle on. Hence the raise?
22 February 2024 Australian Securities Exchange Limited 10th Floor 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam INVESTMENT UPDATE - CLEAN HYDROGEN TECHNOLOGIES NOW MOVED FROM PROOF OF CONCEPT TO PRODUCTION Clean Hydrogen Technologies Corp (CHT), a 15.6% and 3.9%, BPH and Advent Energy Limited investment respectively, has moved from proof of concept to production. CHT cracks hydrocarbons from natural gas using a process called thermo-catalytic pyrolysis which combines heat, a catalyst and has no oxygen. CHT’s feedstock is natural gases hydro-carbons. Importantly there are no CO2 emissions from the core process since the carbon becomes a solid carbon composite product, thus rendering natural gas a clean (no CO2 emissions) source of 2 products, turquoise hydrogen and solid carbon composite. What is Turquoise Hydrogen? Turquoise Hydrogen is the industry term used for hydrogen sourced from natural gases hydrocarbons using thermo-catalytic pyrolysis. What is Carbon Composite? Since there are no CO2 emissions the carbon becomes solid in the form of a fine black dust type material which in CHT’s case is a carbon composite made from CNTs (Carbon Nanotubes) and Alumina (ceramics). Carbon nanotubes have unusual mechanical properties to reinforcement their Alumina composite, acting as a toughening agent. CNTs have a tensile strength greater than steel, conductivity greater than copper and thermal dissipation greater than diamonds. They also resist corrosion and fatigue (ref: https://www.assemblymag.com/articles/93180-can-carbon-nanotubes-replacecopper). Next Steps for CHT CHT are next scaling their carbon composite and hydrogen production. David Breeze (Managing Director) authorised the release of this announcement. David Breeze Executive Directo
HZR Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held
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