RE:RE:RE:Wow. What planet are these pumpers from?The FUD bashers are working overtime weekend. For those who want facts...this new pilot plant proposed is not even 1/800th of Vales annual production...which is tiny fraction of 1%!!! The Tecnored plant in Marab will have an initial annual production capacity of 250,000 tonnes of pig iron, though the company believes output could eventually reach as much as 500,000 tonnes per year. Vale has committed about $345 million in capital for the plant, with start-up planned for 2025.
Vale entire operations however is over 350-400 MILLION tonnes/year which is like 700-800x larger than that new proposed pilot plant. Vale's existing 19 plants will need to retrofit their bio diesel burners..where most including myself believe From all the press releases and interviews, we know Client A is Vale. Pyrogenesis as they have patents for plasma heat application for induration furnaces for iron ore.
Elechunli wrote: A biomass furnace, is it still CO2 generator? This news may need some research, not necessarily suggests client A abandoned plasma option.
PYR please explain this to investors, otherwise devastating panic sell off may happen. This stock is extremely fragile
haratekid wrote:
https://saladeimprensa.vale.com/en/Paginas/Articles.aspx?r=Vale_starts_work_on_Tecnoreds_first_commercial_plant_in_Maraba_PA_which_will_contribute_to_the_decarbonization_of_the_steel_industry&s=Finance&rID=1560&sID=5