PyroGenesis Inc T.PYR

From the CEO site - FYI

[HARJAY]

@Bamb ArcelorMittal’s XCarb™ initiative includes partnerships and investments aimed at decarbonizing steel production, one of which involves PyroGenesis Canada Inc., a company specializing in plasma-based technologies. Here’s a detailed overview of how PyroGenesis fits into ArcelorMittal’s XCarb™ initiative: 1. Partnership Overview • In 2021, ArcelorMittal invested in PyroGenesis Canada Inc. through its XCarb™ Innovation Fund to advance low-carbon steelmaking technologies. • PyroGenesis is recognized for its expertise in plasma-based processes that can significantly reduce greenhouse gas (GHG) emissions in industrial applications. 2. Plasma Torches for Steelmaking The focus of the collaboration is the adoption of plasma torches as a replacement for fossil-fuel-based burners in steelmaking processes: • Reheating Furnaces: Plasma torches provide a high-temperature heat source powered by electricity, enabling the reheating of steel slabs without emitting CO from combustion. • By switching to plasma torches, ArcelorMittal aims to use electricity (potentially renewable) instead of natural gas or coal, contributing to reduced emissions. 3. Benefits of Plasma Technology • Reduced Carbon Emissions: Plasma torches eliminate the need for fossil fuels, cutting direct CO emissions from heating processes. • Scalability: Plasma technology can be integrated into existing infrastructure without significant redesign. • Energy Efficiency: The high precision of plasma torches can improve energy utilization during steel reheating and melting. 4. XCarb™ Innovation Fund Connection The XCarb™ Innovation Fund is a core part of ArcelorMittal’s decarbonization strategy, which invests in startups and technologies that can: • Accelerate the transition to low-carbon steel production. • Scale innovative solutions like those developed by PyroGenesis. PyroGenesis was among the early recipients of this fund, showcasing ArcelorMittal’s commitment to exploring cutting-edge approaches to emissions reduction. 5. Future Applications • If successful, plasma torches could be expanded to other parts of the steelmaking process, including blast furnace and electric arc furnace operations. • Integration with renewable energy sources (like solar or wind) could further enhance the sustainability of the solution. Conclusion ArcelorMittal’s collaboration with PyroGenesis aligns with its broader XCarb™ initiative, reinforcing its commitment to leveraging innovative technologies for carbon neutrality. Plasma torches offer a promising pathway for decarbonizing a critical aspect of the steelmaking process, reducing reliance on fossil fuels and driving the transition to green steel.