Hazer begins trading on ASX

Dec 8, 2015 •

Clean hydrogen and graphite production moves closer as Hazer is officially admitted to the Australian Securities Exchange.

Australia-based Hazer, a spinout of Western Australia University producing clean hydrogen and graphite, has been officially admitted to the Australian Securities Exchange, according to ProActiveInvestors.

Founded in 2010, Hazer is commercialising a process that enables the creation of clean hydrogen and graphite by converting natural gas using iron ore as a catalyst.

Possible uses for the graphite include lubrication and energy storage while the hydrogen can be used as clean energy and as a fertiliser.

Hazer completed its initial public offering in November 2015, raising A$5m ($3.66m) by selling 25 million shares at A$0.20 each. The IPO closed several weeks early due to oversubscription.

Hazer’s shares are trading at A$0.26 at the time of writing. The company currently has a market cap of A$16.5m.

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