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What happened with the Hazer (ASX:HZR) share price today?
Daniel Ewing | March 15, 2021 5:49pm |
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Hazer Group Ltd(ASX: HZR) share price closed slightly down today after the company announced the start of new works at its Woodman Point treatment facility.
Shares in the hydrogen producer were trading 0.38% lower at a price of $1.29 when the market closed today.
It comes on the back of a positive year for the company that has seen its share price rise 323%. In comparison, the
What happened
This morning, the Hazer share price was trading lower despite the announcement of new works at the company’s wastewater treatment facility. The work will involve the mobilisation of equipment, cite clearing and civil earthworks which will start this week.
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The company has developed technology to lower the greenhouse-gas emissions from using natural gas.
(Bloomberg) Breakthrough Energy Ventures, the fund helmed by Bill Gates, led a funding round to raise $11.5 million for California-based startup C-Zero Inc.
The company has developed technology to lower the greenhouse-gas emissions from using natural gas. Instead of burning the fuel to produce carbon dioxide and water, C-Zero passes the gas through a mixture of molten salts. Doing so splits methane the main component of natural gas into hydrogen gas and solid carbon. When the hydrogen burns, it produces water; the solid carbon goes to landfills.