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Bullboard - Stock Discussion Forum PyroGenesis Inc T.PYR

Alternate Symbol(s):  PYRGF

PyroGenesis Inc., formerly PyroGenesis Canada Inc., is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore... see more

TSX:PYR - Post Discussion

PyroGenesis Inc > NEWS RELEASE PyroGenesis’ Subsidiary, Pyro Green-Gas, Select
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Post by developbc on Sep 22, 2021 2:25pm

NEWS RELEASE PyroGenesis’ Subsidiary, Pyro Green-Gas, Select

NEWS RELEASE PyroGenesis’ Subsidiary, Pyro Green-Gas, Selected to Supply $5Million (min.) Landfill Biogas Purification System

Project expected to repurpose 3,500 tonnes of greenhouse gases (GHG) per year into high value fuel; equivalent to 1,000 cars

MONTREAL, Sept. 22, 2021 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (https://pyrogenesis.com) (NASDAQ: PYR) (TSX: PYR) (FRA: 8PY), a high-tech Company (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions to reduce greenhouse gases, today announces that Pyro Green-Gas, formerly known as AirScience Technologies Inc.(“AST”), a wholly owned subsidiary of PyroGenesis Canada Inc, has been selected to supply its landfill biogas purification system to Carbonaxion Bionergies Inc., the promoter of GNR Neuville project, which is being developed at the environmental complex of the Rgie rgionale de gestion des matires rsiduelles de Portneuf (“RRGMRP” or “The Rgie”), located in Quebec Canada The Rgie is a municipal organization that manages the residual materials of 24 municipalities.

Carbonaxion Bionergies previously entered into an agreement with The Rgie to build, own and operate a landfill gas plant that will convert the waste from the Neuville landfill site into a renewable natural gas (RNG) over the next 20 years. Carbonaxion then selected Pyro Green-Gas as the supplier of the biogas purification system. The contract has an expected value in excess of $5 million and is expected to be fully commissioned in the first half of 2023.

The technologies to be provided by Pyro Green-Gas as part of this landfill gas purification project include desulfurization, dehydration, decarbonization, removal of nitrogen and oxygen depletion all geared to produce a biomethane suitable to be incorporated into a gas pipeline owned by Energir, the largest natural gas distribution company in Quebec.

The biogas purification unit at the Neuville site is expected to produce an average of 1.8 million cubic meters of biomethane (or RNG) per year, which will be injected into Energir's gas network. Previously, the biogas produced from the decomposition of organic waste at the landfill was collected and destroyed by flaring. As a result, this project is expected to reduce 3,500 tonnes of greenhouse gases (GHG) per year which is the equivalent of removing 1,000 cars from the road every single year.

“We are pleased to announce this important milestone, less than one month after closing the strategic acquisition of AST,” said Mr. P. Peter Pascali, President and Chair of PyroGenesis. “Today’s announcement is a confirmation of the strategic decision behind the acquisition, and of the reputation of Pyro Green-Gas’s environmental technologies within the RNG market. Being chosen to supply this landfill gas purification equipment unit to Carbonaxion Bionergies represents further validation of the technology and its value proposition to our customers. We believe there is significant demand for upgrading biogas facilities worldwide, particularly given the legislative trend across North America towards regulating minimum amounts of RNG to be incorporated within gas pipelines.”

Rjean Carrier, President and Co-founder of Carbonaxion Bionergies, stated, “PyroGenesis and AirScience Technologies are ideal partners for Carbonaxion as they share our vision to promote and integrate sustainable solutions, aimed at reducing GHGs and decarbonizing our economy. We look forward to deploying Pyro Green-Gas’s proprietary technologies that will not only significantly reduce GHGs, but will also transform an expense into a revenue stream for the municipalities concerned over the next 20 years.”

About Carbonaxion Bionergies Inc.

Carbonaxion Bionergies Inc. offers eco-responsible solutions that are beneficial for all, helping to reduce greenhouse gas (GHG) emissions. The company acts as a promoter and/or integrator of solutions, often innovative in terms of technology or business model, aimed at decarbonizing the economy. For more information, please visit: https://www.carbonaxion.com/.

About Pyro Green-Gas (formerly known as AirScience Technologies Inc.)

Pyro Green-Gas, a Montreal-based company, offers technologies, equipment, and expertise in the area of biogas upgrading, as well as air pollution controls. Pyro Green-Gas designs and builds: (i) gas upgrading systems to convert biogas to renewable natural gas (RNG); (ii) pyrolysis-gas purification; (iii) biogas & landfill-gas flares and thermal oxidizers; and (iv) purification of coke-oven gas (COG) (a by-product in the primary steel industry arising from the conversion of coal into coke) into high purity hydrogen, which is in high demand across the industry. Pyro Green-Gas is also known for its line of landfill gas flares which reduce greenhouse gas (“GHG”) emissions specifically from landfills.

Comment by developbc on Sep 22, 2021 2:36pm
"The Rgie is a municipal organization that manages the residual materials of 24 municipalities."   Imho Government related contracts are very significant because its further validation from gov institutions and municipalities which can easily lead to bigger longer contracts and be inside the fence! Long and strong PYROGENESIS!!!  
Comment by developbc on Sep 22, 2021 2:48pm
“ We look forward to deploying Pyro Green-Gas’s proprietary technologies that will not only significantly reduce GHGs, but will also transform an expense into a revenue stream for the municipalities concerned over the next 20 years.” This is much bigger and significant than most realize!
Comment by BIGMOE on Sep 22, 2021 3:07pm
Pyro Green Gas - Estimated Revenue of $15 million over the next 2 years   Purchasing Air Science Technologies Inc - $5 million in revenue Over 15 million in revenue backlog Biogas Purification System Contract - $5 million
Comment by BCONTVentures on Sep 23, 2021 7:37am
An interesting fact is that the GNR Neuville project for which PyroGenesis got the contract for was funded by the government of Quebec with 7 other similar projects.  See article for more information: https://www.quebec.ca/nouvelles/actualites/details/le-gouvernement-du-quebec-attribue-70-m-pour-soutenir-la-production-et-la-distribution-de-gaz-naturel-renouvelable This is just the beginning ...more  
Comment by Casavantsghost on Sep 23, 2021 9:05am
As much as I'd like to see Pyro gas be the top dog in the art of tire recycling, Environmental Waste Systems has the premier technology hands down. Yes they are publicly traded.. Two projects going on at the moment. One in Canada and one in the Netherlands. Microwave technology. A 20 tons of tires processed daily has the carbon emissions equivalent of 2 or 3 households. Syngas (also used to ...more  
Comment by BCONTVentures on Sep 23, 2021 9:22am
Interesting points, note that Peter has mentioned (in interviews regarding the AirScience Technologies acquisition) the use/production of syngas as a valuable by-product.  The recycled tire market is huge.  Also note in yesterday's Sidoti & Company Fall Small Cap Investor Conference presentation Peter highlighted land-based (non-military) environmental waste destruction contracts ...more  
Comment by Whippersnapper7 on Sep 23, 2021 9:22am
so what..what's your point
Comment by Whippersnapper7 on Sep 23, 2021 9:23am
that was directed to casava
Comment by BCONTVentures on Sep 23, 2021 12:19pm
Some more great points regarding PyroGenesis' acquisition of AirScience Technologies, thanks to @cargo from ceo.ca for this: @cargo Brilliant move by Peter to acquire AirScience Technologies. It seems that way back in August 2019 AST "joined the Regroupement pour le gaz naturel renouvelable au Qubec. This group of stockholders in the production of renewable natural gas includes more ...more  
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