Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s): PYRGF

Industrials Technology

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.

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Pyrogenesis Canada Inc > ArcelorMittal Port-Cartier pellet plant carbon taxes

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Post by developbcon Jul 02, 2023 3:27pm

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Post# 35524300

ArcelorMittal Port-Cartier pellet plant carbon taxes

Great post by @cargo This was posted on SH and just wanted to share on here. They seem to think that by using Biofuels is seen a a viable solution to pelletisation process. Yes it can replace bunker fuel and you will see a 23% reduction in CO2 emissions which will get them closer to the 30% reduction in Co2 emissions by 2030.

That is great and all BUT if ArcelorMittal is content with running biofuel till 2030 I can tell you one thing that they will not be happy about paying the carbon taxes which will increase to $170/ton by 2030.

If you do the math that will equate to about even if you included the 23% reduction in emissions they will still be emitting around 173,000T/Y of Co2 emitted into the atmosphere. With the carbon tax increase every year to $170 by 2030 they will have to pay almost $30,000,000 in carbon tax at Port-Cartier pellet plant in 2030. That is a boat load of money.