Hazer Group and POSCO: Turning By-Product Graphite into Industrial GoldIn May 2024, Hazer Group signed a Memorandum of Understanding (MoU) with South Korean steel giant POSCO. The aim is to integrate Hazer’s low-emission hydrogen and synthetic graphite technology into POSCO’s steelmaking process.Source: https://www.globenewswire.com/news-release/2024/05/31/2891234/0/en/POSCO-and-Hazer-Collaborate-on-Clean-Hydrogen-Production-Technology-for-Low-Carbon-Steel.html
What makes this partnership stand out is Hazer’s ability to produce high-purity graphite as a by-product of hydrogen production – not through mining or coal, but via a cleaner, innovative process. POSCO sees value in this graphite for greener steel production. Hazer is also working with Japanese trading company Mitsui to explore uses in batteries, asphalt, and water treatment.Source: https://www.chemanalyst.com/NewsAndDeals/NewsDetails/hazer-and-mitsui-extend-mou-to-explore-graphite-opportunities-in-hydrogen-production-30875
There’s no formal offtake agreement yet between Hazer and POSCO, but POSCO has made similar deals with other graphite suppliers in the past – a positive sign for what may come.Source: https://investingnews.com/posco-black-rock-graphite-offtake/
The key takeaway? Even though Hazer’s graphite is technically a by-product, it’s gaining serious attention. This could open doors to long-term supply deals and help position Hazer as a major player in the growing market for clean, high-grade industrial materials.
HZR Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
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