RE:PatentGreat points vestmed, thanks for this. For PyroGenesis to be applying for a patent indicates that PYR has made significant progress/work in this area/field. Some interesting points (regarding yesterday's NR) that a poster brought up on another forum are:
Today's news release was very interesting. Pyro's new process to produce Turquoise Hydrogen from methane and other light hydrocarbons will not only produce hydrogen, but also carbon black as a byproduct...and it is valuable (~US$1000/ton).
"The global carbon black market was valued at $17.5 billion in 2018, and is projected to reach $23.0 billion by 2026, growing at a CAGR of 3.5% from 2019 to 2026."
So if the process works as it is supposed to, they will be able to generate revenues from hydrogen AND carbon black.
https://www.alliedmarketresearch.com/carbon-black-market?fbclid=IwAR0-2sj-A3W0FTZSw3mJ6HbF45-fzTvgWDUASvbfCN7n9F9VIU0R-zLgggQ Kudos to Peter, Pierre, and Team for the multiple markets/industries they target and offer technology/solutions to. Plus the AirScience Technologies acquisition (Pyro Green Gas) is paying off in spades.
Long and Strong in PyroGenesis!
vestmed wrote: There are multiple companies working on this and making turqoise hydrogen but the fact that they are applying for a patent means they have come up with something unique. I hope Peter does an Agoracom video to explain this because I think this could be much bigger than people expect. In doing research on the torches for iron ore induration I could see that hydrogen was a very popular option for certain parts of the steel making process. To use hydrogen in the conventional manner they have to establish an infrastruture to support it (hydrogen supply tanks delivery of the hydrogen, etc.). I remember thinking when they announced the work they were doing with Tata Steel and they were producing hydrogen from the coke oven gas that this could be very convenient to use the hydrogen further down the line in the steel making process. If they produce enough hydrogen with the coke oven gas it would eliminate having the infrastructure for the hydrogen. The other thing I think is interesting is that one of airscience's (pyro green gas) best products is their methane recovery system used in the RNG production. Hydrogen production, expecially green hydrogen is becoming very valuable so while producing RNG it looks like they will have the option of producing hydrogen in these facilities. Gas RNG Systems has a patented system for 98% recovery of methane.