Ann: Hazer Pilot Plant Exceeds Capacity Targets, page-51

Now that the successful scale up of the HAZER process is further proven by the pilot plant, it is worth reexamining the modelled economics.
https://www.asx.com.au/asxpdf/20180228/pdf/43s02ddygpyy15.pdf
Steam methane reformation as the dominant hydrogen production process, is the economic bench mark to compete against, but has a 10 to 12 ton Co2 by product per ton of hydrogen produced.

In the graph below hazer have done the number crunching comparing SMR with Hazer, showing for example at gas price of $5.5/gj and graphite price at $200/ton SMR and Hazer are equal, but at graphite price of $425/ton the hydrogen is 100% less, meaning free hydrogen production all the costs of producing the hydrogen are covered by the graphite byproduct sale.


Hazers modelling shows break even costs against SMR in the blue line (Hazer uses more methane feedstock/ton of hydrogen) At this line the costs are the same but Hazer is 70% cleaner. In countries with carbon credit schemes every ton of reduced emissions is beneficial. In NZ the current carbon price is ~$23/ton, hazer would be able to claim the 70% reduction in Co2 emitted/ton of hydrogen produced. In this scenario at an average of 11 ton of co2/ton of hydrogen reduced by 70% would be an additional income stream of $177/ton of hydrogen produced.
Co2 credits can be treated in the same manner as graphite value credits in offsetting the hydrogen production costs.

Hazer licenses may become the high value export, as many countries that do not have the internationalized gas price that LNG plants bring, also have carbon credits and will have lower domestic wholesale gas pricing.
As the chart shows the cheaper the gas supply the faster Hazer competes against SMR