Pyrogenesis Canada Inc T.PYR

PYR CEO Answer to VALE & KOBE Steel/Midrex News *repost

[developbc]

This answer by Peter is very significant. We are days away from Client A reveal...most likely giant Vale as proposed in earlier posts.

 

Here is great answer in this regard..this bodes very well for PYR and builds the case for CLIENT A!!!!

 

Hello Pete,

 

Quick question..just read up on some news regarding Vale partnering up with Kobe Steel/Midrex for lowering C02 GHG in the steel making process sounds really big...any concerns for PYR?

 

https://www.kitco.com/news/2020-07-13/Kobe-Steel-Vale-and-Mitsui-to-work-on-low-CO2-ironmaking.html

 

https://www.midrex.com/press-release/kobe-steel-vale-and-mitsui-co-to-collaborate-in-low-co2-ironmaking-solutions/

 

https://www.vale.com/indonesia/EN/aboutvale/news/Pages/vale-informs-on-non-binding-heads-of-agreement-with-kobe-steel-and-mitsui-co.aspx

 

Thanks for all your incredible work for all the shareholders!

 

007

 

 

Dear 007,

 

Thanks for posting here again.

 

I assume what you are asking is should the Kobe Steel/Vale/Mitsui venture to work on low CO2 ironmaking have any success would that effect PyroGenesis’ offering to provide torches to iron ore pelletization.

 

There is absolutely nothing to be concerned about. The Kobe Steel/Vale/Mitsui venture is downstream from us. They are trying to improve/replace the blast furnace process to make steel from the pellets we provide. You see, we concentrate the iron ore at the source and the resultant pellets are then feed into the blast furnace downstream.

 

This is all good and underscores the intense pressure the industry is under to address GHG emissions, and the amount of money being dedicated to address this concern. Our patented simple bolt-on-replacement is having a tremendous impact on the GHG reduction strategy of many many such companies.

 

Hope this helps

 

Peter

[kjs4381]

I love the line at the end. ( having an impact on many many companies. )

[Uncleron]

" Our patented simple bolt-on-replacement is having a tremendous impact on the GHG reduction strategy of many many such companies." Said Peter.... that means big corporations are beating-down the door and want to guarantee a place in the backlog for torch sales...Client A = 825 torches , client C= 300-400 torches , client B = 4 torches sold already, with 200 more torches to fill their

[Aarman4]

Obvious Aarman4 says: Let's see what happens when I play with highlighters..... There is absolutely nothing to be concerned about. The Kobe Steel/Vale/Mitsui venture is downstream from us. They are trying to improve/replace the blast furnace process to make steel from the pellets we provide. You see, we concentrate the iron ore at the source and the resultant pellets are then feed into the

[butastita]

Unless they produce sponge iron straight from iron ore lump / fines. Nevertheless, the iron ore pellet market is expected to grow substantially in the coming years.

[paperbull]

Dunno if this has been posted yet - but iron ore commodity prices are at 5 year highs and almost back to 2012-2014 levels.   So unlike the O&G sector with signficant headwinds there is this + factor of healthy spot price.  Cobble that with GHG taxation pressures to help fill PYR sails (and torch sales)   glta  

[SmiteWorx]

What this also says, and Peter confirms. Is that the PYR solution is but one piece of the puzzle for Vale. And the $2b set aside by them for GHG reductions is their entire pipeline of emissions. Not just PYR plasma torches for pelletization as some on here have tried to infer in the past.