Hazer Group has clinched a significant boost to its climate technology development with a $6.2 million conditional grant from the Western Australian Government under the Lower Carbon Grants Program – Gorgon Fund.
The non-refundable grant will support the company’s efforts to accelerate the commercialisation of its innovative decarbonisation technology, Hazer said in an ASX announcement.
This funding, approved pending the execution of a Financial Assistance Agreement and Project Plan, is part of a broader initiative aimed at advancing local innovations to support the transition to a lower-carbon economy.
The Gorgon Fund, established in 2024, is a key part of the Western Australian Government’s commitment to decarbonisation.
The program is funded by the Gorgon Joint Venture, which includes major players such as Chevron Australia, ExxonMobil, Shell, and others.
Minister Stephen Dawson praised Hazer’s role in driving innovation, stating, “The Western Australian Government is committed to diversifying and decarbonising the State’s economy, with a target of net zero carbon emissions by 2050.”
“The Hazer Group is a key contributor to Western Australia’s innovation sector and leverages local resources to develop a world-leading climate technology that has broad application for decarbonising industry in Australia and worldwide.”
The funding will be directed towards advancing Hazer’s commercial-scale reactor at its Commercial Demonstration Plant (CDP), which has the capacity for up to 40,000 tonnes per annum of single-train output.
Hazer’s CEO and Managing Director, Glenn Corrie, emphasised the importance of government support in driving technological innovation.
“Government support plays a vital role in advancing the development of technology solutions in the fight against climate change.”
“We gratefully acknowledge the support of the Western Australian Government and the Gorgon Joint Venture for providing the funding to progress the important next phase of technology scale-up,” he said.
Corrie also highlighted the significance of the funding in Hazer’s broader commercialisation strategy: “Hazer is proud of our Western Australian heritage and excited to be recognised for delivering an innovative climate change solution that will significantly reduce emissions and deliver a decarbonisation pathway to heavy industry.”
“This non-dilutive funding substantially supports Hazer’s 2025-2026 work program, focused on advancing our commercialisation strategy and enabling us to expedite the delivery of our unique technology to our growing customer base in Australia and worldwide.”
