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

Hazer

09/05/2023 04:45

** Shares of Australia's Hazer Group Ltd  HZR.AX  rise as
much as 4.6% to A$0.680 
    ** Stock hits highest since April 21  
    ** Graphite and hydrogen producer says it has extended the
existing non-binding memorandum of understanding with ENGIE SA,
a French company, to further progress the development of a first
Hazer facility in Europe
    ** Says co has identified project site as existing LNG
import terminal at Montoir-de-Bretagne in France 
    ** Adds pre-feasibility study at site indicates co can meet
EU regulations for low carbon hydrogen production  
    ** Stock has risen 14% this year, as of last close

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))