Hazer Secures $6.2 Million Authorities Grant to Speed up Expertise Commercialisation

Hazer Group Ltd (“Hazer” or “the Firm”) (ASX: HZR) is happy to announce $6.2 million of conditional grant funding has been awarded by the Western Australian Authorities underneath the Decrease Carbon Grants Program – Gorgon Fund. The non-refundable grant has been permitted topic to the execution of a Monetary Help Settlement and Venture Plan that are considerably full.

Highlights

• Hazer awarded $6.2 million from Decrease Carbon Grants Program – Gorgon Fund
• The Decrease Carbon Grants Program helps transformational expertise platforms that cut back emissions by offering sensible and efficient decarbonisation options
• Funding permits Hazer to advance its business reactor scale-up program and considerably helps the 2025-2026 work program

The Decrease Carbon Grants Program – Gorgon Fund was established in 2024 to offer funding for native improvements and tasks which help decarbonisation. This system is run by the Western Australian Authorities and is funded by the Gorgon Joint Enterprise. The Gorgon Joint Enterprise is operated by Chevron Australia and contains Australian subsidiaries of Chevron, ExxonMobil, Shell, Osaka Gasoline, MidOcean Vitality, and JERA. The Decrease Carbon Grants Program – Gorgon Fund funds giant, transformational analysis and innovation actions throughout industries, and expertise platforms resembling Hazer’s that help sensible and efficient decarbonisation options.

The primary iteration of Hazer’s reactor expertise was put in in Hazer’s Business Demonstration Plant (“CDP”) in 2023 and its take a look at program efficiently accomplished forward of schedule in 2024 (refer announcement of 19 November 2024). This funding bundle of $6.2 million can be used to advance the efficiency program of the business scale reactor on the CDP which is able to large-scale software of single practice capability of as much as 40,000tpa.

Hon Minister Stephen Dawson MLC stated: “The Western Australian Authorities is dedicated to diversifying and decarbonising the State’s financial system, with a goal of web zero carbon emissions by 2050.

The Hazer Group is a key contributor to Western Australia’s innovation sector and leverages native assets to develop a world-leading local weather expertise that has broad software for decarbonising trade in Australia and world-wide.”

Hazer’s CEO and MD Glenn Corrie stated: “Authorities help performs an important function in advancing the event of expertise options within the combat in opposition to local weather change. We gratefully acknowledge the help of the Western Australian Authorities and the Gorgon Joint Enterprise for offering the funding to progress the essential subsequent part of expertise scale-up to commercialise Hazer’s novel Western Australian expertise.

Hazer is pleased with our Western Australian heritage and excited to be recognised for delivering an modern local weather change answer that may considerably cut back emissions and ship a decarbonisation pathway to heavy trade. This non-dilutive funding considerably helps Hazer’s 2025-2026 work program centered on advancing our commercialisation technique and permits us to expedite the supply our distinctive expertise to our rising buyer base in Australia and world-wide.”