Huge potentialRemember our Drosrite client in Saudi Arabia, Ma'aden Aluminum and partner Alcoa?
Drosrite International LLC Announces that its Mutually (globenewswire.com) We have a 20 year commitment with them to handle their dross. Look at the size of this facility.
Ras Al Khair - Largest Aluminum Smelter in World - Bechtel 740 smelting furnaces or pots, 4 pot rooms each 1.2km long, can you imagine if we get a contract for all the potliner residue, plasma torches, upstream opportunities, drosrite (we are already in there) and dross residue valorization for this plant? Six aluminum smelters in the Gulf region so I think we can guess where the first dross valorization plant is going.
The Gulf Aluminium Industry: A legacy of 5 successful decades with 6 aluminium smelters; Aluminium Extrusion, Profiles, Price, Scrap, Recycling, Section (alcircle.com) Notice in the Q3 financials they state under Drosrite "The company is currently bidding on an up-stream opportunity, valued at approximately$40MM. This process is plasma based".
PyroGenesis Announces Q3 2021 Results: Revenues $9.3MM; Gross Margin 43.5%; Current Backlog of Signed and/or Awarded Contracts $44.9MM | 2021-11-15 | Press Releases | Stockhouse So it's not Drosrite itself it is an up-stream opportunity that is plasma based, so is that torches? Also they go on to state that they are also in discussions for a second opportunity "to provide a similar up-stream process" for about the same consideration. Very exciting.