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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 BCONTVentureson Dec 04, 2023 8:18pm
310 Views
Post# 35768121

Interesting Posts on Rio Tinto/IOC

Interesting Posts on Rio Tinto/IOCSome interesting posts on Rio Tinto/IOC (Client B), thanks to the numerous posters for this.  Keep in mind Rio Tinto/IOC is in the process of completing the SAT (site acceptance test) for 4 of PYR's torches for iron ore pelletizing:

@cusam Lots of pessimism here lately so I’ll share this. I reached out to an engineering manager on LinkedIn who is involved in the trials at IOC and this is what he said:

“We have been motivated to reduce and eliminate carbon emission in our operations. Our iron concentrate and pellets have been more green compared to other operations due to our close promoxmity to hydro electric dam since the 50s.We are currently using heavy petroleum to achieve desired temperatures in pellet processing as well and we want to move away from this. Plasma technology is viable in small scales but it hasn't been proven in large scale. We are confident that this technology will be viable for our reduced carbon operation vision. As with any new technologies, it will require more iteration to perfect it but we should yield desire effects.”

And as per last financials, the SAT is expected to be completed by years end if all goes well (I know, I know...timelines...)

Honestly feel that Rio is doing a DEEP test - here - did you see size of those electrical rooms. BIG plasma torches - LONG study on efficiency of process and maintenance and parts required - you don't spend that amount of capital, time, and manpower on testing something like that unless you are considering a MASSIVE investment in the technology - OK - yes, we have likely another 6-9 months to wait to hear if they feel the investment is worthwhile from both a productivity and environmental perspective - vs the cost. This is a MONSTER year then for PYR. If this goes well, then the gains will be SIGNIFICANT in share price. Waiting game now on this iron pellet business line. This is the real test period here - the installation and start-up test is obviously long past - this is for all the marbles here i think......No hiccups or problems mentioned yet - and I doubt they would be promoting the "greening" of the process if there were major doubts - as it would not be great publicity for Rio (despite being a heavy blow to PYR in a bigger way - RIO could say they at least SERIOUSLY explored the option and costs involved)..... I think this is a super promising report albeit another long wait for beaten down shareholders

@Namazon It's nice to finally see a different picture of the induration torch in context and to see the actual size of it in comparison to the guy putting it in... Quite the flamethrower.
@Namazon Finally some definitive proof that we would have killed for a couple of years ago… these 2 names on the same page. Plus, it’s amazing to see all the work, at clearly some large expense, that has been put into making this “trial” happen. Makes me wonder what kind of company would go to these lengths… to only “try” this technology. ~3 to 6 more months… Meh!

Gives you an idea the size of how big the equipment (and PYR's torches) are ^^.

@cusam from ceo has some great points regarding Rio Tinto/IOC and the plasma torches (burners - Rio/IOC refers to them as burners):

@cusam IOC has four induration machines with 20 burners and two machines with 26 burners. Notice that this equals 132 burners total. In this NR (https://ir.pyrogenesis.com/news-releases/news-release-details/pyrogenesis-announces-6-million-torch-order-another-major-iron) it mentions that the client expects next orders to be for 130 torches. In one of the induration machines, they have replaced 4 of the burners with plasma torches and the remaining 16 are Bunker C fired. The plasma torches are located in Zone 1 with two on each side.

@cusam After commissioning, they will be doing a trial to see the results under different conditions and with different pellet products. If they go the plasma route, it will depend on the results as well as availability of power as said plasma draws a “tremendous” amount of power.

But he mentioned they are expecting a successful pilot and it is very exciting to be able to control the temperature in Zone 1 to the degree from the HMI. They are also expecting better airflow in the machine due to less gases present which is a positive and better pellet compression overall. (This is from June 2023).

@cusam Interesting to see also they present challenges with the other two methods but none for plasma...not saying there aren't any challenges but it may indicate that's the route they are likely going with
@ordos @cusam Interestingly that even for the non-plasma approach, where storage and transport of hydrogen is a challenge, HPQ Silicon can help out :-). Install the hydrogen generator right where it needs to be, no transport and no storage needed.
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