Whyalla steelworks connection puts a rocket under this resources tech stock’s shares

H2-View News: Hazer joins bid for Whyalla steelworks with methane pyrolysis proposal

Under a Memorandum of Understanding, Hazer’s methane pyrolysis technology could produce hydrogen in Whyalla to replace natural gas in iron reduction and synthetic graphite for use in electric arc furnaces. M Resources argues it will be able to produce steel with much lower emissions and at a lower cost than using green hydrogen alone. However,

Whyalla steelworks connection puts a rocket under this resources tech stock’s shares

Shares in Hazer Group Ltd (ASX: HZR) piled on more than 25% in early trade on Friday after the company's technology was attached to a bid to take over the Whyalla steelworks in South Australia. Control of the steelworks was wrested from the control of controversial British steel magnate Sanjeev Gupta in February this year, with the South Australian Government forcing the steelworks into administration. The steelworks is now being propped up by t…