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Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Canada Inc. is a Canada-based high-tech company. It is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases. It offers patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. Its products and services include Plasma Atomized Metal Powders, Aluminum and Zinc Dross Recovery (DROSRITE), waste management, plasma torches, and Innovation/Custom Process Development. It also operates PUREVAP NSiR, which is a proprietary process that can use different purities of silicon as feedstock to make a range of spherical silicon nano- and micro-powders and wires, for use across various applications. Its products and services are commercialized to customers operating in a range of industries, including the defense, metallurgical, mining, advanced materials, oil & gas, and environmental industries.


TSX:PYR - Post by User

Post by SerenityWWon Feb 24, 2023 7:56am
508 Views
Post# 35302792

Pyrogenesis Green-Gas completing plant for Tata Steel INDIA

Pyrogenesis Green-Gas completing plant for Tata Steel INDIAYes, confirmed 1 day ago on LinkedIn by Gerard Magnin (Pyro Green Gas) : the hydrogen extraction and purification plant for Tata Steel is located in INDIA (where also headoffice for this multibillion dollar entity resides).
As Gerard Magnin stated 1 week ago:
Hydrogen extraction and purification plant near completion. The coke oven gas to hydrogen production plant installation is near completion, the desulfurization part of the plant will be commissioned in a few weeks followed by the commissioning of the hydrogen extraction and purification plant.
See the link with lovely picture:

https://www.linkedin.com/posts/gerard-magnin-80405015_hydrogen-extraction-and-purification-plant-activity-7032041089922387968-pL0_?utm_source=share&utm_medium=member_android

So, almost any day now, maybe next week or the week thereafter, we may expect a NR about this subject.
As someone already mentioned before, this is linked to Pyrogenesis press release of 18 Oct 2021:


https://ir.pyrogenesis.com/news-releases/news-release-details/pyrogenesis-announces-receipt-25mm-milestone-payment-tata-steel

As mentioned in that PR, the plant will purify coke oven gas and extract a hydrogen of extremely high purity (99.999%) and value, with significant environmental benefits.
In that same PR it was mentioned that the balance under this contract by that time , appproximately $ 3MM , was expected to be received within next nine months. Whether or not that still is the amount to be received upon completion  / final delivery of the plant , I don't know.
But no doubt, this will, again, bring positive publicity for Pyrogenesis capabilities to deliver disruptive technology to heavy industry, with massive environmental benefits.

One final general note: Canada ( and in particular Canadian government ) should, in my (always modest) opinion, cherish a company like Pyrogenesis a bit more. Sustainable Industrial Manufacturing is  a hot topic globally and high on the agenda of most countries worldwide. Pyrogenesis could become one of the companies whose technologies contribute most to reducing harmful GHG emissions , destroying hazardous chemicals etc., thus not only contributing to a more prosperous Canadian economy but to more welfare for next generations worldwide.
 I see PPP as a visionary man enabling this. Did Einstein not say: 'Great spirits have always encountered violent opposition from mediocre minds'. 

 

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