Hazer Advances Collaboration With ENGIE for a Hazer Facility in France

• Preparation of a Project Development Plan (“PDP”) for a commercial scale Hazer facility in France
  
• Project site identified as existing LNG import terminal at Montoir-de-Bretagne
• Pre-Feasibility Study (“PFS”) completed, indicates Hazer technology can meet EU regulations for low carbon hydrogen production
• Parties to develop definitive commercial agreements and explore potential project funding sources, including EU programs

PERTH, Australia, May 10, 2023 (GLOBE NEWSWIRE) -- Hazer Group Ltd (“Hazer” or the “Company”, ASX: HZR) is pleased to announce it has extended the existing non-binding Memorandum of Understanding (“MOU”) with ENGIE SA, a French global multi-national utility company, to further progress the development of a first Hazer facility in Europe. This agreement is a continuation of the activities under the initial MOU signed between both parties (refer announcement of 28 July 2022).

Under the extended agreement, Hazer and ENGIE have agreed to work collaboratively to prepare the Project Development Plan (“PDP”) for a clean hydrogen and graphitic carbon production facility based on Hazer’s proprietary technology, located at the existing LNG import and regasification terminal in Montoir-de-Bretagne in France (the “Project”). The terminal is owned and operated by ENGIE’s affiliate company ELENGY. The Project is referred to as H₂Montoir and the planned production facility is targeting an initial production capacity of at least 2,500 tonne per annum (tpa) of hydrogen. The produced hydrogen will be used in industrial applications and mobility.

This MOU follows a period of technical information exchange, due diligence and initial market assessment conducted by ENGIE over the course of 2022. ENGIE has conducted a Preliminary Feasibility Study (“PFS”) on the application of the Hazer process at the existing LNG import and regasification terminal in Montoir-de-Bretagne. As part of the activities undertaken during the PFS stage, preliminary investigations established that hydrogen produced from the Hazer facility can meet the requirements for low carbon hydrogen projects under relevant regulatory frameworks and guidelines as administered by the European Union.