Hazer Group Expands Intellectual Property Portfolio in Southeast Asia to Meet Rising Hydrogen Demand
Key Ideas
- Hazer Group secures two new patents in the Philippines and Thailand, adding to its existing portfolio in Southeast Asia and broader Asia, totaling 11 patents in the region.
- The patents are related to Hazer's Iron Ore patent family, which facilitates the conversion of methane into clean hydrogen and high-quality graphite, positioning the company well for engagements with industrial players.
- With Asia accounting for a significant portion of global hydrogen demand, Hazer is engaging in discussions across various sectors like ammonia, petrochemical, and steelmaking to provide low-emissions hydrogen solutions.
- The company's focus on expanding its intellectual property aligns with the region's energy demand, decarbonisation policies, and existing infrastructure, aiming to lead in commercial-scale, low-emissions hydrogen production.
Hazer Group, a company focusing on clean hydrogen production, has recently obtained two new patents in Southeast Asia, specifically in the Philippines and Thailand. These patents are part of the company's broader intellectual property portfolio in the region, which now totals 11 patents. The patents are centered around Hazer's innovative Iron Ore patent family, crucial for converting methane into clean hydrogen and high-quality graphite using iron ore as a catalyst. This development strengthens the company's position for collaborations with major industrial players in Asia. Asia, a significant consumer of hydrogen, with approximately 40% of global demand, has seen an annual growth rate of 4% in hydrogen demand. Hazer is actively engaging in dialogues with corporations and governments in Asia for potential integration opportunities in various sectors like ammonia, petrochemical, and steelmaking. The company's CEO highlighted the importance of delivering affordable, scalable, and low-emissions hydrogen solutions to meet the industry's needs. Hazer recognizes Southeast Asia as a key hub for hydrogen growth due to increasing energy demands, decarbonisation initiatives, and existing infrastructure, particularly from the liquefied natural gas sector. By investing in expanding its intellectual property, Hazer aims to solidify its position in the market and advance towards commercial-scale production of low-emissions hydrogen.
Topics
Asia
Innovation
Energy Demand
Liquefied Natural Gas
Intellectual Property
Asia Region
Commercial Engagement
Policy Momentum
Low-emissions Hydrogen
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