PyroGenesis Inc T.PYR

ArcellorMital = Client C??

[ScienceFirst]

MidTownGuy had this interesting post on CEO.CA

So this ArcellorMittal and Quebec news could be a home run. Here's the release in English:

https://corporate.arcelormittal.com/media/press-releases/arcelormittal-announces-cad-205-million-decarbonisation-investment-in-its-flagship-canadian-mining-operations-with-support-from-the-quebec-government

What they are doing is switching their existing Quebec pellet plant over to 100% DRI pellet production by 2025. Now, these pellets themselves aren’t “reduced”, they are simply higher grade pellets with higher iron content and lower silica for use in direction reduction iron making. But even these types of pellets need to go through the induration process, as per this graph:

https://corporate-media.arcelormittal.com/media/vvshjqqh/cop26_arcelormittal_dr-pellets-2021_final.pdf

Here’s where this gets interesting: "The project will deliver a direct annual CO2e reduction of approximately 200,000 tonnes at AMMC’s Port-Cartier pellet plant, equivalent to over 20% of the pellet plant’s total annual CO2e emissions. This reduction in CO2e emissions will be achieved through a reduction in the energy required during the pelletising process." Now, DRI pellet production is more intensive, not less, as there are additional steps, again as per the link above.

So how would a "reduction in CO2e emissions” be achieved through a "reduction in the energy required during the pelletizing process" if the process has more steps? Maybe they were being judicious here with the phrasing and “reduction in the energy required" means reduction in the TYPE of energy. AKA carbon emitting energy. Final piece of puzzle... The Quebec govt is involved in this deal, with an investment, in the form of “…an electricity rebate of up to CAD$80 million". So... Arcellor’s Quebec pelletization plant is converting the entire plant over to a different process… to make a higher grade pellet… which requires adding more steps… specifically to reduce carbon emissions at that plant… via the reduction of CO2e during the process... and the Quebec government’s contribution is to give them cheaper electricity? All seems to add up to switching pelletization "energy" to electric.