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PyroGenesis Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. It provides engineering and manufacturing expertise, contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (including 3D printing), oil and gas, and environmental industries. Its products and services include plasma atomized metal powders, aluminum and zinc dross recovery, waste management, plasma torches, and innovation/custom process development. It offers PUREVAP, which is a high purity metallurgical grade silicon and solar grade silicon from quartz.


TSX:PYR - Post by User

Post by Ilocanuckon Feb 13, 2022 9:31pm
490 Views
Post# 34425156

IS THERE REALLY 3 MW PLASMA TORCH??????????

IS THERE REALLY 3 MW PLASMA TORCH??????????

    "To my knowledge and experience proven 3 MW plasma torch do not exists. And not for lack of trying by the experts during the last 40+ years ! < br=""> The best proven commercial units ( USA or French) run close to 2 MW.( 1.5 - 2 MW max. actually) PYR torch power between 50kW to 800kW."

  Third error. This statement was in the context of using an air plasma gas heater torch for iron ore pelletisation. And for steel and Al heating, with the objective of reducing the CO2 generation from fossil fuel burners. This has nothing to do with the new Pyr venture with the new land based detox system for water and other toxic products decontamination. This unit ,based on a steam plasma required for syntgas generation  run very differently, with multiple gas  feed. For this reason,  these units can run at much higher power cannot be more specific. I am not a chemical engineer. HUNDREDS of co are active in this field around the world, all with similar green objective to convert coke oven gas for instance to valuable syntgas ( H2 and CO) and the competition is fierce. I suggest that you contact Pierre Carabin at Pyro in Mtl. He is a top guy in this field, being the inventor of such a system for  solid waste disposal aboard large boats….

     Am I missing something here when you stated:

 To my knowledge and experience proven 3 MW plasma torch do not exists. And not for lack of trying by the experts during the last 40+ years ! < br=""> The best proven commercial units ( USA or French) run close to 2 MW.( 1.5 - 2 MW max. actually) PYR torch power between 50kW to 800kW. 
 

     If there is no 3MW Plasma torch that exists, why would PYR release this news and give an estimate?

      PyroGenesis Confirms Submission of a Cost Estimate for 36 Plasma Torches to Client A, a Multi-Billion-Dollar International Producer of Iron Ore Pellets, for $95-115 Million 

MONTREAL, QUEBEC (GlobeNewswire – February 1, 2022) - PyroGenesis Canada Inc. (https://pyrogenesis.com) (NASDAQ: PYR) (TSX: PYR) (FRA: 8PY), a high-tech Company (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions to reduce greenhouse gases (GHGs), is pleased to confirm today that, further to its Q3 2021 financial results press release, as well as its press release dated June 3rd, 2021, it has submitted, as requested by Client A, a cost estimate for 36 plasma torches. The cost estimate submitted was for USD $75-$95 million (Cdn equivalent: $95-115 million) for 36 plasma torches (3 MW). The range is an estimate due to certain uncertainties which will be more clearly defined in due course. “We wish to emphasis that this announcement is as a result of a previously announced request for a cost estimate by a client and in no way means, or implies, future revenues will result from this,” said P. Peter Pascali, CEO and Chair of PyroGenesis. As previously disclosed, Client A is a multi-billion-dollar international producer of iron ore pellets and one of the largest in the industry, whose name will remain confidential for competitive reasons. The Client, which has committed to reduce its GHG emissions, has over ten (10) plants, each possibly requiring up to 50 plasma torches (1MW). PyroGenesis has the only patented process in the iron ore pelletization industry designed to replace “dirty” fossil fuel burners with environmentally friendly plasma torches, thereby greatly reducing emissions. Separately, the Company announced last week that a factory acceptance test is scheduled to be conducted between Feb 2nd and Feb 14th, 2022, for the use of its plasma torches in iron or pelletization with Client A. “Although we recognize that this is a request for a cost estimate, and that there is no guarantee that the order will ever be made and, if it is, that it will be made within the price range noted herein, we also appreciate the fact that this is a strong indication of interest following extensive due diligence by a multi-billion-dollar company,” said Mr. Pascali, CEO and Chair of PyroGenesis. “What is important to take away from our announcement today, and others made in the recent past, is not only that things are progressing as they should, and that we are conservatively ticking the boxes one by one, but the sheer magnitude of this opportunity for the Company if we are successful. Again, that is not to say that there are no risks moving forward, but we are certainly moving in the right direction with the right players.”

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