HZR hazer group limited

Ann: Appendix 4C - quarterly, page-11

  1. 2,113 Posts.
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    I almost overlooked that bit. But yes I do like these two paragraphs in particular:

    --
    During the quarter, work commenced on a Pre-Feasibility study on the development of a hydrogen production facility based on the Hazer Process technology in France and integration of this technology with an existing LNG import and re-gasification terminal. This study is being carried out with ENGIE SA, a French multinational utility company headquartered in Paris, under the terms of a non-binding Memorandum of Understanding covering collaboration on technical exchange, due diligence and market enquiries.

    With the normalisation of business travel progressing, Hazer management also undertook our first visit to Japan since the onset of the Covid-19 pandemic in early 2020. Over the last two years, we have continued to work closely with Chiyoda Corporation to grow awareness and interest in the Hazer technology with potential customer sin Japan. Interest in the Hazer technology continues to strengthen as a means to reduce emissions in difficult to decarbonise sectors such as utilities, heavy industry, chemical and steel. During the visit, interest was expressed by parties across these sectors, and we continue to consider this a very prospective market for our technology.
    --

    Even though the CDP has had another unwelcome setback, there is a lot else happening for Hazer at the same time involving some major global players who are clearly very interested in the Hazer technology. While I didn't like to see the announcement about the CDP, it's undoubtedly part of pioneering a new process. Indeed, how many early explorers got hopelessly lost in the bush or managed to twist an ankle before successfully blazing a new route for others to follow... probably most of them. I don't see Hazer being much different in that regard.

    Very exciting times ahead for Hazer.
 
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