Australia's Hazer leaps on deal for hydrogen facility in Japan

Chiyoda

11/04/2023 03:54

** Shares of graphite and hydrogen producer Hazer Group
 HZR.AX  rise as much as 8.2% to A$0.595, their highest since
Feb. 16
    ** Hazer to work with Japan's Chubu Electric Power  9502.T 
and Chiyoda Corp  6366.T  to set up a clean hydrogen and
graphitic carbon production hub in Japan
    ** Aims for hydrogen production rate of up to 100,000
tons/annum (tpa), with initial capacity of 2,500-10,000 tpa
    ** Cos also considering graphite offtake deals 
    ** YTD, stock down 3.5% as of last close 

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))