• M Resources selects Hazer technology for low-cost decarbonisation of Whyalla steelworks
• Hazer Process to deliver clean hydrogen and graphite for steelmaking
• Hazer-KBR strategic alliance strengthens Whyalla clean-steel proposal

Hazer Group Ltd has announced it has entered into a binding Memorandum of Understanding (MOU) with M Resources, a leading global commodity supply group, to incorporate Hazer's proprietary methane pyrolysis technology into M Resources' proposal for the acquisition of the Whyalla steelworks. The Whyalla steel works is currently being offered for sale by its Administrator, and M Resources has submitted a proposal that prioritises an economically viable long-term industrial renewal with a strong emphasis on carbon abatement. Under the MOU, the parties have agreed to collaborate on the integration of the Hazer Process with the facilities at Whyalla. This includes incorporating Hazer's clean hydrogen into the Direct Reduction Process (DRP), where hydrogen replaces natural gas to reduce iron ore pellets, as well as using Hazer Graphite in the Electric Arc Furnace (EAF) to produce steel. The planned Hazer facility is expected to target large-scale commercial hydrogen production capacity with additional synergies coming from the use of an iron-ore catalyst in the Hazer Process. Hazer will leverage its strategic alliance with KBR, whose long-standing presence in South Australia has been further strengthened by its recent selection by the Australian Government as the concept design partner for new nuclear-submarine construction yard being developed under the AUKUS partnership. The parties have also agreed to jointly explore the deployment of the Hazer technology in the production of low carbon emissions DRI in other jurisdictions, particularly the Middle East and the United States.

The parties are working together on an exclusive basis for the Whyalla project, and are collaborating on the integration of the Hazer Process into M Resources' proposal, assessing the utilisation of Hazer graphite in the Whyalla Steelworks, and exploring government financial support for the Hazer Process at Whyalla. The parties are also considering other worldwide opportunities, including in the Middle East.