Hazer Group Ltd (“Hazer” or “the Company”) (ASX: HZR) is happy to announce it has entered right into a binding Alliance Settlement (the “Alliance”) with Kellogg Brown and Root LLC (NYSE: KBR, “KBR”) a worldwide chief in expertise and engineering options, for the business deployment and licensing of Hazer’s proprietary methane pyrolysis expertise.
Highlights
- Binding strategic alliance with KBR (NYSE: KBR), a world-leading engineering group and international expertise licensor set to supercharge Hazer’s commercialisation technique
- Hazer is KBR’s unique accomplice for advertising and marketing and licensing of methane pyrolysis expertise
- Clear income visibility concentrating on a number of license offers inside 6 years, materially derisking Hazer’s marketing strategy
- Capital-lite licensing mannequin maintained; KBR A$3million work program contribution preserves Hazer’s sturdy funding place
- Strengthens Hazer’s market penetration into high-growth market segments of ammonia and methanol, and areas together with North America and Center East
- CEO Glenn Corrie and different members of the administration crew can be internet hosting a webinar on Wednesday, 07 Could 2025 at 09:00am (AWST) / 11:00am (AEST). Particulars offered under
KBR – A International Chief in Expertise Licensing
KBR is a world-renowned engineering and expertise firm delivering engineering and cutting-edge expertise licensing options to firms and governments throughout vitality, chemical substances, infrastructure and defence. KBR has licensed over 260 grassroots ammonia vegetation since 1943. Over 50% of the world’s ammonia is produced utilizing KBR’s ammonia course of.
KBR additionally brings a powerful observe report in commercialising breakthrough industrial applied sciences. Notable partnerships embrace ExxonMobil for next-generation catalyst growth, and Mura Expertise (together with a US$100 million strategic funding) to scale its proprietary plastic recycling resolution world-wide.
Below the Alliance, KBR can be Hazer’s unique international accomplice for the advertising and marketing, licensing and deployment of Hazer expertise to prospects within the ammonia and methanol markets. KBR and Hazer may even work carefully to pursue licensing alternatives in decarbonizing hydrogen markets past these unique markets.
KBR’s President Sustainable Expertise Options, Jay Ibrahim, stated:“KBR’s confirmed international experience in deploying sustainable expertise options enhances Hazer’s main methane pyrolysis expertise, making us supreme companions. Our market evaluation and due diligence have highlighted Hazer’s potential to decarbonize the worldwide ammonia and methanol sectors. We’re excited to accomplice with Hazer to supply a compelling low- carbon hydrogen manufacturing resolution to satisfy rising international demand.”
Hazer’s CEO and Managing Director, Glenn Corrie, stated:“We’re excited to be becoming a member of forces with KBR to commercialise Hazer’s world-leading clear hydrogen expertise on the worldwide stage. It is a transformational transaction for Hazer coming at a crucial time when the world urgently wants reasonably priced, low-emissions hydrogen to decarbonise legacy hard-to-abate industries. Constructing on the momentum of our profitable Industrial Demonstration Plant and expertise check program, which laid the foundations of commercialisation final yr, this partnership represents a powerful endorsement and the subsequent logical step in delivering on our strategic roadmap and unlocking long-term worth for shareholders.
KBR has the dimensions, functionality and status to assist speed up the deployment of Hazer’s expertise at industrial scale. We see instant potential within the ammonia and methanol sectors – industries with important CO2 footprints and robust demand for clear options. KBR’s market management, international attain and execution power make them a great accomplice to carry our imaginative and prescient to life.”
Strategic Alliance to Commercialise Hazer’s Main Methane Pyrolysis Expertise
Below the Alliance, Hazer and KBR will collaborate on the up-scaling, advertising and marketing and licensing of the Hazer expertise for business deployment.
Below the phrases of the settlement, KBR can be Hazer’s unique licensing accomplice for the ammonia and methanol markets whereas working carefully in different hydrogen sectors. The preliminary time period of the Alliance is six (6) years with an choice to increase topic to the achievement of efficiency metrics. The events have agreed to collaborate on the event of a design bundle for Hazer services concentrating on hydrogen capacities of fifty,000+ tonne every year in addition to the worldwide gross sales, advertising and marketing and licensing of Hazer’s expertise. Hazer can be KBR’s unique methane pyrolysis expertise supplier.
The whole price of the Alliance work program is anticipated to be within the vary A$3.0-5.0 million of which KBR will contribute roughly A$3.0 million over the work program interval. The Alliance is underpinned by efficiency goals with a goal of securing a number of agency licensing alternatives in the course of the preliminary time period.
In respect of royalty and licensing payment sharing, the Firm will maintain the market knowledgeable as license preparations are signed. Hazer’s pre-existing portfolio and alternative pipeline shouldn’t be topic to the phrases of the Alliance. An incentive construction applies within the occasion KBR secures a license for the primary business unit secured inside three years. There isn’t a monetary affect at this stage as no consumer agreements are in place.
In different phrases, the settlement can terminate if licensing efficiency metrics should not met. Hazer retains full possession of its present mental property. The settlement in any other case incorporates phrases customary for an association of this sort.
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