Hazer Group (ASX:HZR) signed a non-binding memorandum of understanding and graphite offtake letter of intent with Green Steel of WA.
The strategic partnership marks Hazer’s first commercial graphite agreement within the steelmaking industry, focusing on the supply of low-emissions graphite to GSWA’s upcoming Collie Steel Mill in Western Australia.
Under the terms of the agreement, Hazer is set to supply up to 85,000 tonnes of high-purity graphite over a 10-year term, averaging approximately 8,500 tonnes per annum.
The pricing for the offtake is linked to anthracite benchmarks, a move intended to support market development and price discovery for Hazer’s unique co-product.
GSWA, a private Australian firm, is developing what is projected to be the nation's most sustainable steel rebar mill, utilising recycled scrap steel.
Construction is slated to begin in late 2026, with early operations targeted for 2028.
Hazer's CEO, Glenn Corrie, described the deal as a "major milestone" in the company’s graphite monetisation strategy, noting that the agreement validates the global momentum toward decarbonising heavy industry.
The "Hazer Process" creates a dual-stream of low-emissions hydrogen and graphite from natural gas without producing carbon dioxide as a by-product.
GSWA aims to further reduce the emissions intensity of its steel production, reinforcing the "Made in WA" initiative and supporting Australia's transition to a low-carbon economy.