Hazer Group Ltd (“Hazer” or “the Firm”) (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 associate 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 might be internet hosting a webinar on Wednesday, 07 Could 2025 at 09:00am (AWST) / 11:00am (AEST). Particulars supplied 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 power, 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 robust monitor file in commercialising breakthrough industrial applied sciences. Notable partnerships embody ExxonMobil for next-generation catalyst improvement, and Mura Expertise (together with a US$100 million strategic funding) to scale its proprietary plastic recycling resolution world-wide.
Below the Alliance, KBR might be Hazer’s unique international associate for the advertising and marketing, licensing and deployment of Hazer expertise to prospects within the ammonia and methanol markets. KBR and Hazer can even work intently 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 ideally suited companions. Our market evaluation and due diligence have highlighted Hazer’s potential to decarbonize the worldwide ammonia and methanol sectors. We’re excited to associate with Hazer to offer 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. This can be a transformational transaction for Hazer coming at a vital time when the world urgently wants inexpensive, 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 12 months, this partnership represents a robust endorsement and the subsequent logical step in delivering on our strategic roadmap and unlocking long-term worth for shareholders.
KBR has the size, functionality and popularity to assist speed up the deployment of Hazer’s expertise at industrial scale. We see speedy potential within the ammonia and methanol sectors – industries with vital CO2 footprints and powerful demand for clear options. KBR’s market management, international attain and execution power make them a really perfect associate to convey 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 might be Hazer’s unique licensing associate for the ammonia and methanol markets whereas working intently in different hydrogen sectors. The preliminary time period of the Alliance is six (6) years with an possibility to increase topic to the achievement of efficiency metrics. The events have agreed to collaborate on the event of a design package deal for Hazer amenities concentrating on hydrogen capacities of fifty,000+ tonne each year in addition to the worldwide gross sales, advertising and marketing and licensing of Hazer’s expertise. Hazer might be KBR’s unique methane pyrolysis expertise supplier.
The entire value 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 targets with a goal of securing a number of agency licensing alternatives through the preliminary time period.
In respect of royalty and licensing payment sharing, the Firm will preserve the market knowledgeable as license preparations are signed. Hazer’s pre-existing portfolio and alternative pipeline isn’t 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 is no such thing as a monetary affect at this stage as no consumer agreements are in place.
In different phrases, the settlement can terminate if licensing efficiency metrics usually are not met. Hazer retains full possession of its current mental property. The settlement in any other case comprises phrases customary for an association of this sort.
Click on right here for the complete ASX Launch
This text consists of content material from Hazer Group Ltd, licensed for the aim of publishing on Investing Information Australia. This text doesn’t represent monetary product recommendation. It’s your duty to carry out correct due diligence earlier than appearing upon any data supplied right here. Please confer with our full disclaimer right here.
