MONTREAL, Jan. 27, 2022 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (https://pyrogenesis.com) (NASDAQ: PYR) (TSX: PYR) (FRA: 8PY), a high-tech Company ......is pleased to announce today that, further to its Q3 2021 financial results press release, a factory acceptance test (“FAT”) for the use of its plasma torches in iron or pelletization has now been scheduled to be completed with Client A. This FAT is scheduled to be conducted between Feb 2nd and Feb 14th, 2022.
As previously disclosed, Client A is a multi-billion-dollar international producer of iron ore pellets, one of the largest in the industry.......
The Client, which has committed to reduce its GHG emissions, has over ten (10) plants, each possibly requiring up to 50 plasma torches. 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.
“We are pleased to announce today that we are now entering the acceptance test phase with Client A; a client with a need for up to 500 torches,” said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis. “Once we have completed the testing, we will not only announce the outcome, but we expect to have sufficient data to provide further visibility on the expected timeline moving forward.”
PyroGenesis’ plasma torches greatly reduce emissions by replacing “dirty” fossil fuel burners with clean plasma torches. PyroGenesis estimates that worldwide pellet production of 400MMT1 consumes between 8000-12000 MW of energy annually. The company estimates that the potential addressable market is over $10B2, assuming a one-to-one replacement of fossil fuel burners with an estimated ten thousand 1MW plasma torches, based on an assumed cost per plasma torch of approximately $1.5M."
And then, two years later...
PyroGenesis Announces $450K Contract for the Sale of a Plasma Torch/Furnace System for Advanced Green Cement Development
MONTREAL, March 14, 2024 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (https://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), ....
".is pleased to announce the signing of a contract with a U.S. structural materials entity engaged in the development of advanced cement materials. The first phase of the contract is approximately CDN$450,000 with the potential for future phases. Funded in part by the U.S. Department of Energy (“DOE”), the name of the client will remain anonymous for confidentiality reasons.
Under the terms of the contract, PyroGenesis will design and build a system tailored for lab-scale cement production applications. The system will include a plasma torch, a refractory furnace, and the required gas, power, and cooling components and peripherals...."