Hazer Targets Multiple License Deals with KBR’s A$3 Million Backing Over Six Years

Strategic Alliance with a Global Engineering Leader

Hazer Group Limited (ASX: HZR) has announced a landmark binding alliance with Kellogg Brown and Root LLC (KBR), a global powerhouse in engineering and technology licensing. This six-year agreement positions KBR as Hazer’s exclusive partner to market, license, and deploy its proprietary methane pyrolysis technology, which produces clean hydrogen and high-quality graphite with significantly reduced carbon emissions.

KBR’s extensive experience in licensing over 260 ammonia plants worldwide and its reputation for commercialising breakthrough industrial technologies provide Hazer with a formidable partner to accelerate its commercialisation strategy. The alliance notably targets the ammonia and methanol markets, two of the largest hydrogen consumers globally, responsible for over 50% of hydrogen demand and valued at approximately US$120 billion.

Accelerating Commercialisation and Market Penetration

The partnership aims to secure multiple firm licensing deals within the initial six-year term, with performance metrics underpinning the alliance’s continuation. KBR will contribute around A$3 million to the joint work program, which includes developing a process design package for industrial-scale Hazer facilities capable of producing over 50,000 tonnes of hydrogen annually. This capital-lite approach preserves Hazer’s robust funding position and reduces balance sheet risk, enabling early free cash flow generation.

Hazer’s CEO Glenn Corrie emphasised the transformational nature of the deal, highlighting the urgency for affordable, low-emissions hydrogen to decarbonise hard-to-abate industries. The alliance leverages KBR’s global reach and execution capabilities, particularly in high-growth regions such as North America and the Middle East, to fast-track industrial-scale deployment of Hazer’s technology.

De-risking and Expanding Hazer’s Business Plan

With a pipeline of over 40 potential license opportunities, this alliance materially de-risks Hazer’s business plan by providing clear revenue visibility and accelerating market entry. The exclusive partnership in ammonia and methanol markets also opens doors to adjacent hydrogen sectors, including decarbonising hydrogen supply chains beyond these core areas.

The alliance positions Hazer as a first-mover in supplying low-emissions hydrogen to industries with significant CO2 footprints. Ammonia and methanol are increasingly recognised as clean fuels for marine transport and potential power generation, presenting further growth avenues under the partnership.

Next Steps and Investor Engagement

In the coming months, Hazer and KBR will focus on finalising the process design package, developing joint licensing frameworks, and executing a coordinated sales and marketing strategy. The companies will engage with potential customers to convert the substantial opportunity pipeline into signed license agreements.

Hazer’s management will host an investor webinar on 7 May 2025 to discuss the alliance and answer shareholder questions, underscoring the company’s commitment to transparent communication as it embarks on this pivotal phase.