Hazer Group has executed an MOU with Suncor Energy Inc. and FortisBC Energy Inc. to develop a 2,500 tpy low-carbon emission hydrogen production facility based on the company's technology.

Under the MOU, Hazer, Suncor and FortisBC have agreed to work collaboratively to develop the project through:

• (i) an initial feasibility study,
• (ii) securing funding arrangements for the project, and
• (iii) to conclude the binding agreements necessary to establish the project consortium and implement the project. Suncor will lead the development of the project through the initial feasibility study, engineering, and construction phases of the project, and on completion, will operate the facility.

FortisBC will supply natural gas feedstock to the project and will purchase the hydrogen produced from the facility. Hazer will supply the Hazer Process technology, lead engineering relating to the core Hazer technology components, and manage supply of catalyst to the project.  

"We are delighted to enter into this collaboration with Suncor and FortisBC, two leading Canadian energy companies committed to building new business opportunities in decarbonization," said Geoff Ward, CEO of Hazer Group. "The proposed hydrogen project will materially advance the Hazer technology building on the work that we are doing at the current Hazer Commercial Demonstration Project at Woodman Point in Perth, Australia. Canada is an excellent jurisdiction for the Hazer technology, with strong platforms and incentive programs to drive decarbonization action, access to a well-priced low carbon intensity electrical grid and strong demand for low-carbon energy across power, heating and industrial sectors. We are excited to work with Suncor and FortisBC to develop this project."