Hazer Group advances its methane pyrolysis technology commercialization with a landmark alliance deal, extended partnerships, and a strengthened cash position, positioning itself at the forefront of low-carbon hydrogen and steelmaking solutions.
- First commercial alliance deal secured with UK’s EnergyPathways for hydrogen and graphite production
- POSCO partnership extended to integrate Hazer technology into low-carbon steelmaking in Korea
- Active global marketing and commercial scale-up led by partner KBR
- Strong cash position of A$17.2 million supported by R&D tax refund and capital raise
- Government engagement yields positive regulatory developments including Guarantee of Origin Scheme amendments
Transitioning from Development to Commercial Delivery
Hazer Group Limited (ASX – HZR) has marked a pivotal quarter ending December 2025, showcasing significant strides in commercialising its methane pyrolysis technology. This technology produces clean hydrogen and high-purity graphite with minimal emissions, targeting hard-to-abate sectors such as steelmaking and chemicals. The company’s Managing Director, Glenn Corrie, emphasised the shift from technology development to revenue-generating outcomes, underpinned by strategic partnerships and a robust funding base.
First Alliance Deal and Global Marketing Momentum
In a major commercial milestone, Hazer secured its first alliance deal alongside global engineering partner KBR with UK-based EnergyPathways plc. This agreement involves a paid concept engineering study for a hydrogen and graphite production facility in northwest England, part of the government-backed Marram Energy Storage Hub (MESH) project. KBR has also commenced active global promotion of Hazer’s technology, targeting sectors including energy, ammonia, methanol, refining, and steelmaking, while advancing the design of a large-scale commercial plant.
Expanding Steelmaking Footprint with POSCO and Whyalla Bid
Hazer extended its partnership with South Korea’s POSCO, one of the world’s largest steelmakers, to further integrate its technology into POSCO’s low-carbon steelmaking processes. This extension follows encouraging graphite testing results and ongoing collaboration to reduce emissions in steel production. Domestically, Hazer is a key player in the Whyalla clean steel bid with M Resources, aiming to establish a low-carbon steelmaking hub in South Australia. The integration of clean hydrogen and graphite into steelmaking processes positions Hazer as a critical enabler of industrial decarbonisation.
Financial Strength and Government Engagement
Hazer’s financial position remains strong with A$17.2 million in available funds, bolstered by a A$4.6 million R&D tax refund and A$1.1 million capital raise proceeds. Operating cash flows turned positive this quarter, reflecting the company’s focus on commercial activities. Engagements with Australian Federal and State governments have intensified, aligning Hazer with decarbonisation funding programs. Notably, proposed amendments to the Federal Government’s Guarantee of Origin Scheme to recognise hydrogen produced via methane pyrolysis could provide regulatory clarity and market opportunities for Hazer’s technology.
Outlook – A Pivotal Year Ahead
As Hazer enters 2026, the company is poised for accelerated commercialisation supported by world-class partners, an expanding project pipeline, and favourable policy developments. The convergence of clean hydrogen and graphite production with industrial decarbonisation needs, especially in steelmaking, offers a compelling growth trajectory. Investors and industry watchers will be keen to monitor the progress of the EnergyPathways project, further integration with POSCO, and the outcome of the Whyalla steelworks bid.
Bottom Line?
Hazer’s transition to commercial delivery and strategic partnerships set the stage for a transformative year in clean hydrogen and steel decarbonisation.
Questions in the middle?
- When will the EnergyPathways MESH project move beyond the engineering study to construction and operation?
- How will the proposed Guarantee of Origin Scheme amendments impact Hazer’s market access and licensing revenues?
- What are the timelines and scale for the Whyalla clean steel bid and POSCO integration projects?