Technology development compay the Hazer Group has received a R&D tax incentive refund of $1.3 million for its development activities in the 2019 financial year.
The Perth company is commercialising the Hazer process, a low-emission hydrogen and graphite production technology.
Hazer CEO Geoff Ward said the funds, together with a capital raising in November, put the company in a strong position to further R&D and for business development.
Originally developed at the University of Western Australia, the company’s process uses natural gas and unprocessed iron ore to create low emission, ‘çlean’ hydrogen.
With operations within the School of Chemical and Biomolecular Engineering at the University, and a pilot plant at Kwinana, the company is planning a commercial demonstration plant.
Picture: Hazer Group
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