Highlights
• Hazer and Mitsui have agreed to extend strategic partnership for graphite marketing following positive
market feedback
• Key industries identified and confirmed as having high confidence, high volume market potential
• Hazer graphite is a key technology differentiator and has potential for significant value contribution
Hazer Group Ltd has signed an
extension of the previously announced non-binding Memorandum of Understanding (“MOU”) with Mitsui & Co.,
Ltd. (“Mitsui”, Tokyo, Japan), a global trading and investment company based in Japan, to advance activities
relating to the joint investigation of the potential markets for Hazer graphite.
Under the original MOU (ref. announcement 16 November 2022), Hazer and Mitsui agreed to conduct an initial
marketing survey of applications for Hazer’s low emissions graphite in the steel making and chemicals industries,
utilising Mitsui’s global network. Following positive market analysis and feedback, the next phase of joint
investigation will involve further product evaluation, testing of larger samples to be provided from Hazer’s
Commercial Demonstration Plant (“CDP”) and ongoing market engagement with prospective offtakers.
The term of the agreement has been extended for one (1) year to 15 November 2025 and after this date
automatically extends for successive periods of one (1) year unless otherwise notified by either party.
Hazer’s graphite is a low-emissions, high quality product with differentiated properties and broad ranging
applications. Market development analysis, both performed in conjunction with Mitsui and independently by
Hazer, thus far has identified several key market segments and potential offtake opportunities. These include:
• Manufacturing of iron and steel: several applications for Hazer’s graphite have been identified in the
traditional blast furnace as well as in the green-steel manufacturing processes due to its unique
structured composition and iron inclusion.
• Thermal energy storage: the excellent thermal conductivity and stability of Hazer graphite makes it an
efficient medium for heat transfer and thermal storage.
• Water purification / PFAS1
removal: the unique properties of Hazer graphite provide enhanced PFAS
removal potential.
• Other applications including the production of asphalt, bitumen and concrete.
This market exploration has been utilized by the Company to seek new customers, particularly in hard-to-abate
industries, while also providing existing partners with insights to enhance their own production methods.
In addition to the joint market investigation of the Hazer graphite, Hazer and Mitsui have agreed to jointly
explore other potential commercial opportunities on mutually agreeable terms.
The strategic collaboration with Mitsui forms a key part of Hazer’s commercialisation strategy, as it provides a
pathway to markets for Hazer’s low emissions graphite co-product. In addition to the collaboration with Mitsui,
Hazer also independently engages with potential offtakers of Hazer graphite. The Company believes the
combination provides a robust product marketing strategy with significant value upside potential.
Hazer’s CEO and MD Glenn Corrie said: “We are excited to be extending our strategic partnership with Mitsui.
Hazer’s technology is unique in that it produces both low-cost, clean hydrogen as well as a low emissions graphite
product. In light of increased global awareness around the vulnerability of critical mineral supply chains, this is a
clear value differentiator for Hazer’s technology in the methane pyrolysis space.
Through this important partnership with Mitsui, we have jointly identified markets that offer a good fit for our
graphite and discussions are ongoing to establish volume, pricing ranges and potential offtake opportunities.”
This announcement is authorised for release by the Board of the Company.
