$1.4trn needed to align iron, steel industry's climate goalsGreat post from Facebook group regarding $1.4 trillion needed to align iron, steel industry with climate goals:
https://businessday.ng/energy/article/1-4trn-needed-to-align-iron-steel-industry-with-climate-goals-wood-mackenzie/?fbclid=IwAR2m8f_RbFTAhUNV97GhU02_CWh8DU_IDKH3FeLe0F8zNeWT4WB5LbRXBBQ $1.4trn needed to align iron, steel industry with climate goals – Wood Mackenzie
Massive investments are required in the next decades in the iron and steel industry to reach the net zero carbon objective.
The timing could not be better for Pyro.
Vale is about to finish around the end of October its Site Acceptance Test (SAT) with the 1MW plasma torch delivered in July.
Rio Tinto (IOC) will receive its order of 4 plasma torches by the end of 2022 or during Q1 2023 and will do some testing too.
If everything goes as expected with these two largest iron ore producers in the world, it will confirm that Pyro's plasma technology works and can reduce significantly carbon emissions in the pelletizing process.
Client A (Vale): first order of 36 torches - $95-115M - net present value of $252M including maintenance (20 year basis)
Client A (Vale) : global potential of around 500 torches - NPV of $3.5B
Client B (Rio Tinto/IOC) : potential of 130 torches - NPV of $910M
Client C (unknown, maybe Arcelormittal or LKAB) : potential of around 370 torches - NPV of $2.6B
Long and Strong in PyroGenesis!