The agreement, announced recently, spans an initial six-year term with the possibility of extension based on performance milestones. Hazer and KBR will collaborate to develop a design package for facilities targeting hydrogen production capacities exceeding 50,000 tonnes per annum. The alliance will also focus on global sales, marketing, and licensing of the technology. The work program is estimated to cost between A$3-5 million (approximately $1.9-3.2 million), with KBR contributing around A$3 million (approximately $1.9 million). The agreement may be terminated if licensing targets are not achieved.
Jay Ibrahim, KBR’s President of Sustainable Technology Solutions, highlighted the partnership’s potential: “KBR’s proven global expertise in deploying sustainable technology solutions complements Hazer’s leading methane pyrolysis technology, making us ideal partners. Our market assessment and due diligence have highlighted Hazer’s potential to decarbonize the global ammonia and methanol sectors. We are excited to partner with Hazer to provide a compelling low-carbon hydrogen production solution to meet growing global demand.”
Hazer’s CEO and Managing Director, Glenn Corrie, expressed enthusiasm for the collaboration: “We are excited to be joining forces with KBR to commercialise Hazer’s world-leading clean hydrogen technology on the global stage. This is a transformational transaction for Hazer coming at a critical time when the world urgently needs affordable, low-emissions hydrogen to decarbonise legacy hard-to-abate industries. Building on the momentum of our successful Commercial Demonstration Plant and technology test program, which laid the foundations of commercialisation last year, this partnership represents a strong endorsement and the next logical step in delivering on our strategic roadmap and unlocking long-term value for shareholders.”
The partnership leverages KBR’s global reach and expertise to accelerate the deployment of Hazer’s technology, particularly in ammonia and methanol industries, which have significant carbon footprints. Hazer’s customer pipeline includes over 40 potential licensing opportunities, and the agreement enhances the company’s ability to scale its technology rapidly. Hazer aims to secure ten licensing deals within the next decade, a goal this alliance significantly supports.
This collaboration marks a key step in advancing clean hydrogen production, contributing to global efforts to reduce emissions in high-impact industries while meeting rising demand for sustainable energy solutions.
