- HPQ Silicon stock (TSXV:HPQ) jumped after announcing that its commercial-grade fumed silica has begun third-party validation
- The company’s production process for the key industrial input uses almost 8 times less energy than conventional methods
- HPQ Silicon is developing new green processes to produce the critical materials needed to reach net-zero emissions
- HPQ Silicon stock (TSXV:HPQ) opened with a gain of 3.12 per cent trading at $0.33 per share
HPQ Silicon stock (TSXV:HPQ) jumped after announcing that its commercial-grade fumed silica has begun third-party validation.
The validation process is occurring under a non-disclosure agreement (NDA).
Technology partner PyroGenesis (TSX:PYR) produced the material using HPQ’s Fumed Silica Reactor. Preliminary tests confirmed the material’s similarity to commercially available fumed silica.
The milestone makes HPQ the only company able to transform raw quartz into commercial-grade fumed silica in one step, resulting in energy usage as low as 15,000 kWh per tonne produced. This is in stark contrast to conventional fumed silica manufacturing processes, which consume approximately 115,000 kWh per tonne produced.
HPQ is in active discussions with an additional party on the signing of an NDA and subsequent shipment of fumed silica samples.
“Third-party interest in our produced material has the potential to develop into partnerships in our venture, which could materialize in the form of offtake agreements, positioning prospective buyers of our material on a commercial scale,” Bernard Tourillon, president and CEO of HPQ Silicon, said in a statement. “Furthermore, this evaluation phase could extend to encompass our innovative production process, piquing interest in adopting our technology as well.”
Source: HPQ Silicon.
Fumed silica is a white powder known for its high surface area and low bulk density. It’s an essential component in various industries including personal care, pharmaceuticals, agriculture (food and feed), adhesives, sealants, construction, batteries and automotive.
According to Global Market Insights, the global fumed silica market was valued at US$1.7 billion in 2022 and is expected to grow to US$2.9 billion by 2032.
HPQ intends to establish a production scale ranging from 250 tonnes per year (TPY) to 2,500 TPY to align with the full spectrum of market demand. It is aiming to achieve 50 TPY within 12 months and to exceed 250 TPY within 36 months.
“As our process gains more industry visibility, HPQ anticipates significant interest in fumed silica production technology, benefiting both the company and the industries that rely on this essential material, and this should lead to increased demand for samples from third parties eager to evaluate the characteristics of our material for their own needs,” Tourillon added in the statement.
HPQ Silicon is developing new green processes to produce the critical materials needed to reach net-zero emissions. These include high-purity silicon, silicon-based anode materials for battery applications, fumed silica, hydrogen and nano silicon materials.
HPQ Silicon stock (TSXV:HPQ) opened with a gain of 3.12 per cent trading at $0.33 per share. The stock is up by approximately 20 per cent over the past year.
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