KBR (KBR) has signed a binding alliance agreement with Hazer for the global commercial deployment and licensing of Hazer's methane pyrolysis technology.

KBR will be Hazer's exclusive licensing partner for the ammonia and methanol markets, while they collaborate on the hydrogen sector, Hazer said.

The alliance's initial term will be for six years, with the option to extend depending on performance metrics. The two companies have agreed to work together to create a design package for Hazer facilities, with a target hydrogen capacity of more than 50,000 tons per year, the company said.

The total cost of the Alliance work program is expected to be in the range of $3 million to $5 million Australian dollars ($2 million to $3.2 million), with KBR contributing A$3 million over the work program period, Hazer said.

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