1WWW.HAZERGROUP.COM.AU CONTACT@HAZERGROUP.COM.AU Hazer Group Limited (ACN 144 044 600) Level 9, 99 St Georges Tce, WA 6000 PO Box Z5511, St Georges Tce, Perth, WA 6831 HAZER ACHIEVES FIRST HYDROGEN AND GRAPHITE AT COMMERCIAL DEMONSTRATION PLANT Highlights • First hydrogen and graphite production from CDP successfully achieved. • Ramp up of operation to continue through H1 2024 leading to continuous production. • World’s first commercial-level demonstration of Hazer methane pyrolysis technology producing clean hydrogen and graphite. PERTH, AUSTRALIA; 31 January 2024: Hazer Group Ltd ("Hazer" or "the Company") (ASX: HZR), a leading clean- technology developer, is pleased to announce the start-up of its Commercial Demonstration Plant (“CDP”) and first production of hydrogen and graphite. The Company introduced feed gas to the reactor at Hazer process conditions today and subsequently achieved first hydrogen and Hazer-produced graphite at the facility. The Company expects to ramp up operations through the 1st half of CY2024, safely executing the performance testing program to deliver data that demonstrates its commercial readiness. The performance testing program will focus on demonstrating continuous operation at a commercial scale and be leveraged into Hazer’s global commercial project portfolio. Hazer will provide updates as key results become available. Hazer’s CEO and MD Glenn Corrie said: “This is a landmark achievement for Hazer, as we realise the successful start-up of our CDP and the production of low-cost, low-emissions hydrogen and graphitic carbon utilising our world-first pyrolysis technology. As the team strive towards extended continuous operation of the plant in 2024 we are excited to build on this momentum for the next scale-up of the technology with our global partners in key markets, including North America, Europe and Asia. |