Hazer Group Forms Groundbreaking Partnership with KBR to Revolutionize Global Hydrogen Technology
Key Ideas
- Hazer Group and KBR have entered a strategic alliance to advance Hazer's methane pyrolysis technology for clean hydrogen production globally.
- KBR will be the exclusive partner to market and license the technology for ammonia and methanol sectors, aiming for multiple license deals within six years.
- The partnership combines Hazer's clean hydrogen production method with KBR's global resources, enhancing market penetration in key regions and sectors.
- The alliance not only reduces carbon emissions but also generates high-quality graphite as a byproduct, offering an additional revenue stream.
Hazer Group, an Australian innovator, has announced a significant partnership with engineering giant KBR to propel its clean hydrogen technology to a global scale. The alliance will focus on commercializing Hazer's methane pyrolysis technology, which converts natural gas into clean hydrogen and high-quality graphite with substantially lower carbon dioxide emissions. This partnership is seen as a game-changer in the industry, providing a vital solution for the urgent need for low-emission hydrogen as industries transition towards decarbonization. KBR, with its extensive experience in licensing ammonia plants globally, will exclusively market and license Hazer's technology to customers in the ammonia and methanol markets, representing over half of the global hydrogen demand. The collaboration aims to secure multiple license deals in the next six years and expand into other hydrogen applications. The partnership will also see KBR investing A$3 million to bolster Hazer's market presence in regions like North America and the Middle East. This move not only advances clean hydrogen production but also presents a sustainable solution by generating high-quality graphite as a valuable byproduct. The strategic alliance has garnered positive attention from hydrogen advocates and investors as it signifies a significant step towards widespread adoption of cleaner hydrogen production methods. With a webinar scheduled to discuss this transformative partnership, Hazer and KBR are poised to revolutionize the global market for hydrogen production, offering a practical and sustainable climate solution.