Far East Capital Newsletter
Hazer is one of our more advanced juniors in the hydrogen space
30 Jan 2021

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Hazer is one of our more advanced juniors in the hydrogen space

The market vented steam last week. It was more about profit taking as there was no news that encouraged buying. Traditional fundamental signals were softer, leading to weak markets overseas and this flowed down to the Australian market. The alternative energy frenzy was less aggressive, so traders were inclined to take some money off the table as this sector continued to be strong. With many charts either resting on support lines, or just penetrating them, it is either the perfect time to buy for a bounce and a resumption of the bull, or the bear might be in its ascendency. Sounds like fence sitting astrology doesn’t it? We need a crystal ball.

Hazer purchased the IP to technology developed by The University of WA that enabled the production of hydrogen gas from methane (natural gas) with negligible carbon dioxide emissions, and co-production of graphite. Key to the process was the use of iron ore as a process catalyst. Recovery of carbon as graphite rather than an uncontrolled carbon dioxide by-product enables the hydrogen to be classified as “clean”, which today is referred to “green”.

 

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