ASX-listed hydrogen tech firm Hazer Group has announced its second landmark deal in recent weeks with an MOU with European behemoth ENGIE to build a hydrogen plant in Western France that will be operated by its affiliate company ELENGY.
The follows a recent announcement marking a similar deal signed with Japanese giants Chubu Electric and Chiyoda in April.
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The project is referred to as H2Montoir and the planned production facility is targeting an initial production capacity of at least 2,500 tonne per annum (tpa) of hydrogen. The produced hydrogen will be used in industrial applications and mobility.
Hazer and ENGIE have agreed to work collaboratively to prepare the Project Development Plan (PDP) for a clean hydrogen and graphitic carbon production facility based on Hazer’s proprietary technology, located at the existing LNG import and regasification terminal in Montoir-de-Bretagne in France.
This MOU follows a period of technical information exchange, due diligence and initial market assessment conducted by ENGIE over the course of 2022.
The extended MOU has a term of 15 April 2024 to enable the parties to work collaboratively to develop the definitive agreements, including the partnership structure, commercial framework and licencing arrangements.
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Hazer CEO Glenn Corrie said, “We are delighted to be progressing this project in close collaboration with ENGIE, a very well-respected international utility company, to realise a first Hazer production facility in Europe.
“Europe is a strategic market for Hazer and we are excited to be building a position with a global energy leader in a region which is prioritising climate change action and recognising the immediate role Hazer technology can play in accelerating decarbonisation in a cost effective way. This collaboration with ENGIE further validates the potential of the Hazer technology and its attractiveness in the market.”
