- PyroGenesis Canada (TSX:PYR) has received third-party confirmation that its fumed silica product meets commercial-grade specifications
- A pilot plant is slated to begin production in Q2 2024 alongside partner HPQ Silicon (TSXV:HPQ) with a fumed silica product that requires more than 80 per cent less energy and emissions compared with competing products
- PyroGenesis Canada designs, develops and manufactures plasma-based processes and sustainable solutions to reduce greenhouse gases
- PyroGenesis Canada stock (TSX:PYR) has fallen by 59.50 per cent over the past year, despite its technologies being vetted and adopted by multiple multi-billion dollar industry leaders
PyroGenesis Canada (TSX:PYR) has received third-party confirmation that its fumed silica product meets commercial-grade specifications.
The successful independent structural and chemical analysis was conducted at McGill University and coincides with the ongoing construction of the company’s fumed silica pilot plant, which is slated to begin operations in Q2 2024.
The lab-scale analysis highlights the product’s hydrophilic nature, high surface area of 135-185 m2/g, and thickening efficiency characteristics, all of them essential to commercial applications.
PyroGenesis and technology partner HPQ Silicon (TSXV:HPQ) intend to produce fumed silica using PyroGenesis’ Fumed Silica Reactor (FSR), a plasma-based process that converts quartz into fumed silica in a single step while eliminating the use of harmful chemicals generated by legacy production methods. The testing at McGill demonstrates that the companies’ fumed silica is substantially more energy (87.5 to 90 per cent) and emissions (84 to 88 per cent) efficient than competing products.
Source: PyroGenesis Canada.
PyroGenesis will earn 10 per cent of client sales tied to FSR projects with set minimums. It may convert this royalty stream into a 50 per cent ownership in HPQ Silicon’s remaining equity sake in HPQ Polvere, the FSR tech developer and subsidiary working directly with PyroGenesis. HPQ Silicon has secured three NDA agreements to date from parties interested in the fumed silica product.
According to Markets and Markets, the global fumed silica market will grow from US$1.3 billion in 2021 to US$1.6 billion by 2026 because of demand in the construction, electronics, automotive, personal care and beauty, pharmaceutical, and food and beverage industries. Silica is an oxide of silicon, which is recognized as a critical mineral across the world.
“The technology developed by PyroGenesis for HPQ Polvere offers significant economic advantages over conventional manufacturers. Its unique capability not only improves profitability, but also reduces the environmental footprint associated with fumed silica production, thus contributing to greenhouse gas emissions reduction and enabling the industry to move towards a more sustainable and environmentally friendly future – all key criteria that we feel will be of great interest to the parties who have already requested samples under NDA with HPQ,” P. Peter Pascali, CEO and president of PyroGenesis, said in a statement.
PyroGenesis Canada designs, develops and manufactures plasma-based processes and sustainable solutions to reduce greenhouse gases. Its solution suite spans iron ore pelletization, aluminum, waste management and additive manufacturing. Click here to read our profile on PyroGenesis as part of The Market Herald’s Leading Edge.
PyroGenesis Canada stock (TSX:PYR) is down by 2 per cent trading at C$0.49 per share. The stock has fallen by 59.50 per cent over the past year, despite its technologies being vetted and adopted by multiple multi-billion dollar industry leaders.
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