Ann: Investor Presentation, page-80

Meanwhile in Taranaki NZ...

http://about.taranaki.info/Taranaki2050/Work-Group-Files/H2-Taranaki-Roadmap.pdf

See if you recognise anything in this excerpt from Page 26:

METHANE CRACKING
A promising process is methane cracking through the use of low-cost catalysts.The fundamental process of methane cracking involves:

CH4(g) [+ catalyst] --> 2H2(g) + C(s, graphite)

An Australian company, Hazer Group Limited (ASX:HZR) (Hazer), is commercialising a low-cost methane cracking process with the use of iron ore as the catalyst. This is known as the Hazer Process.

Hiringa Energy is conducting research with Massey University into the ability to utilise locally sourced titanomagnetite or “iron sands” as a catalyst for this process. Hiringa and Hazer are continuing discussions about how the Hazer Process may be implemented in New Zealand.

Both products (hydrogen and graphite) produced from the Hazer Process, have commercial applications. Commercial graphite, is a key building block in a number of carbon products requiring graphite including energy storage materials, fibre and conductors. This type of technology has potential applications for cracking both natural gas (producing blue hydrogen) and biogas (producing green hydrogen). On large scale the graphite obtained would be able to be stockpiled for future processing and use.

Potential exists for piloting a commercial scale Hazer Process facility utilising either conventional iron ore catalyst or iron sands catalyst in Taranaki to supply a hydrogen market. The process can be designed to either:
• provide higher purity hydrogen that would be more suited to fuel cell use, with the graphite being lower grade, or alternatively,
• higher grade graphite with the hydrogen being more suited to grid distribution for decarbonisation of residential and processes heat.

The commerciality of this type of project would be influenced by availability, and access to, the required gas reserves, and economics of transport of produced graphite to international off-takers unless a market is developed in New Zealand. This technology does not require CO2 sequestration as the carbon is converted to a solid carbon product with an established market.