Hazer Group Ltd (ASX:HZR) has appointed Dr Andrew Harris as a non-executive director effective immediately, and Dr Andrew Minett as the chairman of Hazer’s newly created Science Advisory Commitee.
The appointments provide Hazer with the in depth commercial and technical capability to asses with the further development of the Hazer Process.
The Hazer Process is low cost and produces negligible carbon dioxide emissions.
Carbon dioxide emissions are a significant by-product of traditional production techniques used in the $100+ billion global hydrogen market.
Recent news has seen the company announce the successful commissioning of two new reactors through the collaboration with the University of Sydney.
The company also has partnered with chemical engineering group Kemplant Pty Ltd to develop a demonstration plant to showcase the Hazer technology.
Advantages of the Hazer Process
The key advantages of the Hazer Process over alternative technologies are:
- Lower costs for production of hydrogen and high purity graphite;
- Ability to produce hydrogen with negligible carbon dioxide emissions;
- The process can be used on a wide range of gas sources, including “stranded” gas assets; and
- The graphite produced is high quality and high purity allowing it to be used in a wide range of applications including the high value lithium-ion battery market.
Hydrogen market opportunity
The hydrogen generation market is estimated to be worth US$104 billion and is set to grow at between 5-6% per annum for the next 5 years.
The current principal methods of making hydrogen currently are based on fossil fuel reformation - steam methane reformation, partial oxidation and coal gasification.
All these processes produce very high levels of carbon dioxide in addition to the hydrogen product – typically more than 10t of CO2 for every tonne of hydrogen produced.
The majority of hydrogen is currently used in industrial chemical applications, in particular oil refining and the production of ammonia for explosives and fertilisers.
Currently less than 5% of global hydrogen production is used in energy markets, due to the cost and the significant CO2 emissions associated with traditional hydrogen production.
The growing demand for clean energy, and the successful commercial roll out of fuel cells, in particular in fuel cell vehicles (FCV’s) is expected to significantly increase the scale of the global hydrogen market.
The Hazer Process turns natural gas into hydrogen and graphite, using iron ore as a catalyst. The underlying chemistry of the process is well known, but previous attempts to commercialise the process have been uneconomical due to catalyst costs.
The use of iron ore as a catalyst, enables Hazer to operate at significantly lower costs.
Hydrogen is a key fuel of the clean energy system because burning hydrogen does not release carbon dioxide.
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