Introduction to Hazer Group Ltd
Hazer Group Ltd, an Australian company, has entered into a binding Alliance Agreement with Kellogg Brown and Root LLC (KBR), a global leader in technology and engineering solutions. This partnership is for the commercial deployment and licensing of Hazer’s proprietary methane pyrolysis technology.
Key Highlights of the Alliance
The key highlights of this alliance include:
- A binding strategic alliance with KBR, a world-leading engineering group and global technology licensor, to supercharge Hazer’s commercialization strategy.
- Hazer is KBR’s exclusive partner for marketing and licensing of methane pyrolysis technology.
- Clear revenue visibility targeting multiple license deals within 6 years, which materially derisks Hazer’s business plan.
- A capital-lite licensing model is maintained, with KBR contributing A$3 million to the work program, preserving Hazer’s robust funding position.
- The alliance strengthens Hazer’s market penetration into high-growth market segments of ammonia and methanol, and regions including North America and the Middle East.
About KBR
KBR is a world-renowned engineering and technology company that delivers engineering and cutting-edge technology licensing solutions to companies and governments across energy, chemicals, infrastructure, and defense. KBR has licensed over 260 grassroots ammonia plants since 1943, with over 50% of the world’s ammonia being produced using KBR’s ammonia process. KBR also has a strong track record in commercializing breakthrough industrial technologies, including partnerships with ExxonMobil and Mura Technology.
The Alliance Agreement
Under the Alliance, KBR will be Hazer’s exclusive global partner for the marketing, licensing, and deployment of Hazer technology to customers in the ammonia and methanol markets. KBR and Hazer will work closely to pursue licensing opportunities in decarbonizing hydrogen markets beyond these exclusive markets. The initial term of the Alliance is six years, with an option to extend subject to the achievement of performance metrics.
Benefits of the Alliance
According to Jay Ibrahim, KBR’s President of Sustainable Technology Solutions, "KBR’s proven global expertise in deploying sustainable technology solutions complements Hazer’s leading methane pyrolysis technology, making us ideal partners." Hazer’s CEO and Managing Director, Glenn Corrie, stated, "We are excited to be joining forces with KBR to commercialize Hazer’s world-leading clean hydrogen technology on the global stage."
Commercialization Strategy
The alliance represents a transformational transaction for Hazer, coming at a critical time when the world urgently needs affordable, low-emissions hydrogen to decarbonize legacy hard-to-abate industries. Building on the momentum of Hazer’s successful Commercial Demonstration Plant and technology test program, this partnership is the next logical step in delivering on Hazer’s strategic roadmap and unlocking long-term value for shareholders.
Conclusion
In conclusion, the alliance between Hazer Group Ltd and KBR is a significant step forward in the commercialization of Hazer’s methane pyrolysis technology. With KBR’s global reach and execution strength, Hazer is well-positioned to accelerate the deployment of its technology at an industrial scale, targeting high-growth market segments and regions. This partnership has the potential to make a significant impact in the global transition to cleaner energy sources, and Hazer’s shareholders can expect exciting developments in the coming years.
