PyroGenesis Inc T.PYR

Steel making reducing emissions transition

[developbc]

@cargo Based on the comments from the BHP CEO Mike Henry ^^^ one would think that they are also in talks with $PYR:)

@cargo

Here is a research paper by the IEEFA.org about Iron Ore Quality a Potential Headwind to Green Steelmaking. Very good read on the future of steelmaking and how the transition to reduce emissions will not be an easy, one things for sure is the blast furnace route is not going away any time soon.... https://ieefa.org/sites/default/files/2022-06/Iron%20Ore%20Quality%20a%20Potential%20Headwind%20to%20Green%20Steelmaking_June%202022.pdf "BHP CEO Mike Henry stated in October 2021 that hydrogen-based steelmaking may still be 20 to 30 years away and that steel sector decarbonisation must remain focused on lower emissions from blast furnaces. BHP has stated “there is simply not enough high-quality iron ore suitable for efficient DRI/EAF production to meet the global steel demand…DRI production must use the very highest quality iron ore, with an average iron content in the range of 67%. Such deposits are scarce.” "Rio Tinto sees the decarbonisation of the steel industry happening in at least three phases. Phase 2 involves the roll out of DRI technology using hydrogen. However, the first phase – and the focus of Rio’s current attention – is to reduce the emissions from blast furnaces, technology that can use its relatively lower-grade but highly profitable Pilbara iron ores"