Thanks topseeker, my favorite part 'Super Nova'. Brilliant!
topseeker wrote: Good Evening All,
Just thought to put up some snippets of info news released by PYR for the plasma torch usage re: pelletization. A bit of a read but a very satisfying read as to where PYR is headed & their progress to Blue Chip. Read All about it :)
PyroGenesis Successfully Completes 900-kW Plasma Torch Site Acceptance Test at RISE Energy Technology Center AB’s Facility MONTREAL, Quebec (GlobeNewswire – October 17th, 2019)
According to management a typical pellet plant producing 10 million metric tonnes of pellets annually, emits approximately one million metric tonnes of CO2. The total world pellet production of 400 million metric tonnes of pellets corresponds to the production of about 40 million metric tonnes of CO2, and represents a potential market for torch sales in excess of $10B worldwide. “As previously mentionned, the success of this testing paves the way for a significant business opportunity for PyroGenesis in developing zero carbon emission technologies. This torch is being used to address a particular segment of the Swedish government’s commitment to zero carbon emissions; specifically, that within the iron ore pelletization industry. The goal is to replace the traditional diesel burners used in iron ore pelletization with plasma torches,” said Mr. P. Peter Pascali, President and CEO of PyroGenesis. “Our plasma torch expertise, which we consider to be one of the largest, if not the largest, concentration of plasma expertise under one roof, has enabled us to deliver this high-power plasma torch (~ 1 MW range) in only 9 months, and to very exacting design requirements. This contract is aimed at developing fossil-free energy-mining-iron-steel value chains and thereby provides a basis for governance and industrial strategies for transformative change across all of Sweden. We are proud to be playing a significant, and leadership, role in Sweden’s zero carbon emission policy.”
PyroGenesis Successfully Completes all Torch Tests for RISE Energy Technology Center AB MONTREAL, QUEBEC (GlobeNewswire – March 4th , 2020) -
Following the success of the SAT (Site Acceptance Test) of the high-power plasma torch at the Client’s facility in Sweden, a series of additional torch tests were performed at the client’s site. As announced, these tests have concluded successfully, and discussions are now taking place for follow on work and additional torch orders.
As a result of this success, PyroGenesis has received numerous requests for proposals from potential clients in the field, and recently signed a small order from a multi-billion-dollar international producer of iron pellets. This order is to model and evaluate the performance of PyroGenesis’ torch in an existing industrial furnace. If successful, this would potentially lead to a multi-torch order aimed at replacing burners in their industrial pelletizing plant. An iron pelletizing furnace typically uses dozens of high-power burners (typically between 1-5 MW). “Our success with RISE has demonstrated to the industrial manufacturing sector that our Plasma Torches represent an opportunity to significantly cut GHG emissions through a simple bolt-on replacement of their current fossil fuel burners,” said Mr. P. Peter Pascali, President and CEO of PyroGenesis. “Given how compelling our torch offering is, particularly in light of the environmental pressure the industry is under (only recently a new trend has emerged where financial institutions are tying credit facilities and debt issuances to carbon reduction targets for multi-national industrial and mining conglomerates) we expect the demand for our torches to grow exponentially.”
PyroGenesis Successfully Completes First Phase of Torch Modelling Geared to Reducing Greenhouse Gases for Major Iron Ore Pelletization Client MONTREAL, Quebec (GlobeNewswire – April 30, 2020) -
The Client has over 10 plants each requiring approx. 50 plasma torches.
The Client has over 10 plants, each requiring approx. 50 torches. Each torch will generate up to $3M of revenue to PyroGenesis. The subsequent modelling phases will further quantify the benefits of transitioning to plasma. All phases will be completed by the end of Q2, 2020.
“This is a very significant development with a very significant player in the industry,” said Mr. P. Peter Pascali, President and CEO of PyroGenesis. “We have effectively demonstrated that by using our proprietary plasma torch to replace the environmental damaging fossil fuel burners, not only will there be a significant reduction in greenhouse gases but there will also be significant cost savings (avoiding future carbon taxes alone is noteworthy), and all without any detrimental effect anywhere in the process. How many process changes can boast of that trifecta?”
“Since our success with RISE, noted in our press release dated March 4th , 2020, most major iron ore pelletization producers have reached out to us, as have several producers from the metallurgical industry,” said Mr. Pascali. “This has resulted in several modelling proposal requests, however, what I find most exciting is that in recent weeks the interest in our torch capabilities has also come to include significant steel producers, and these discussions have been moving forward at a rapid pace as well. All this interest is from producers that use natural gas and heavy fuel oil burners and want alternatives to help them meet greenhouse gas reduction targets/policies. We find that the proposition to reduce greenhouse gases emissions, and avoid carbon taxes, with a simple bolt-on replacement of their current environmentally damaging fossil fuel burners, is too compelling to resist. That, combined with the environmental pressure these industries are currently under (only recently a new trend has emerged where financial institutions are tying credit facilities and debt issuances to carbon reduction targets for multi-national industrial and mining conglomerates), has generated a wave of interest and proposals.”
Well isn't that a weeee Bit of Great news. Be mindful too that the $ 10B market for PYR plasma torch biz mentioned above is just for the iron ore pellet biz, Ignoring the many other diverse multi Billion $$$$ bizes, such as, Steelmaking, Cement, Boring, Others that want in with plasma torch benefits.
Not much time left, IMO, when there will most likely be a halt, then the news release, then the market open, then the Super Nova !
Going to be quite the ride for One & All Longs. Jumping onboard the ' Crazy Train ' will Be the Ride of a Life time. So just enjoy.
Best wishes All, good health,
Good Fortune,
Sincerely,
Topseeker