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Glenn Corrie from Hazer Group states that securing a US patent is crucial for protecting their technology that decarbonises gas to produce clean hydrogen and graphite. The patent strengthens their position in the US, a major market, enhancing their global pipeline opportunities.
Hazer's innovative process utilises an iron ore catalyst and fluid bed reactor, presenting a significant advancement in hydrogen production without CO2 emissions. Glenn notes that scaling the technology has been successful, with plans to push forward into the global market alongside strategic partners.
With robust funding and a $6 million grant from the WA government, Hazer focuses on commercialisation. The tech is seen as a more energy-efficient and cost-effective alternative to green hydrogen. Positive cash flow and increasing revenues support their growth strategy, and Glenn foresees their stock reflecting this potential.