Hazer Advances Collaboration With ENGIE for a Hazer Facility in France - Seite 2

The extended MOU has a term of 15 April 2024 to enable the parties to work collaboratively to develop the definitive agreements, including the partnership structure, commercial framework and licencing arrangements. Each party has agreed to cover their own costs incurred and the arrangement does not restrict either party from discussing, entering into or implementing a similar transaction or similar relationship with third parties beyond the H₂Montoir Project.

Glenn Corrie, Managing Director of Hazer Group Limited, said: “We are delighted to be progressing this project in close collaboration with ENGIE, a very well-respected international utility company, to realise a first Hazer production facility in Europe. Europe is a strategic market for Hazer and we are excited to be building a position with a global energy leader in a region which is prioritizing climate change action and recognizing the immediate role Hazer technology can play in accelerating decarbonisation in a cost effective way. This collaboration with ENGIE further validates the potential of the Hazer technology and its attractiveness in the market.”

Valérie Ruiz-Domingo, ENGIE – Group Hydrogen Vice-President said: “We are glad to pursue our joint work with Hazer to develop a first industrial-scale pyrolysis production unit to support our customers in the industry and mobility sectors in achieving their carbon neutrality objectives.”

This announcement was authorised for release by the Board of the Company.

ABOUT HAZER GROUP LTD

Hazer Group Limited ("Hazer" or "The Company") is an ASX-listed technology development company undertaking the commercialisation of the Hazer Process, a low-emission hydrogen and graphitic carbon production process. The Hazer Process enables the effective conversion of natural gas and similar methane feedstocks, into hydrogen and high-quality advanced carbon materials, using iron ore as a process catalyst.

ABOUT ENGIE

Engie SA is a French multinational utility company, headquartered in Paris, France, which operates in the fields of energy transition, electricity generation and distribution, natural gas, nuclear, renewable energy and petroleum. For more information on ENGIE’s business, please visit: https://www.engie.com/

Forward-looking Statements

This announcement may contain certain "forward-looking statements" which may not have been based solely on historical facts but are based on the Company's current expectations about future events and results.