- Canadian green technology stock HPQ Silicon (TSXV:HPQ) has initiated commissioning activities at its fumed silica pilot plant in Quebec
- Lab-scale production is planned for Q3, followed by commercial-scale testing in Q4
- HPQ Silicon is a green technology stock focused on producing the critical materials needed to reach net-zero emissions
- HPQ Silicon stock has added 45.45 per cent year-over-year and 255.56 per cent since 2019
Canadian green technology stock HPQ Silicon (TSXV:HPQ) has initiated commissioning activities at its fumed silica pilot plant in Quebec.
The plant is overseen by subsidiary HPQ Silica Polvere and technology provider PyroGenesis (TSX:PYR), and seeks to validate:
- Commercial-scale production of fumed silica, a material with widespread uses across painting, cosmetics, inks and food and beverage, to name just a few, that commands a US$1.45 billion global market. According to Fact.MR, that market is expected to grow to US$2.36 billion by 2034 at a compound annual growth rate of 5 per cent.
- The production process’ low-cost and low-carbon capabilities.
- Operational and financial performance to justify offtake agreements, with the goal of an inaugural 1,000 ton-per-year commercial-scale plant.
HPQ Silicon is positioned to capture a meaningful percentage of the fumed silica market thanks to its efficient production process, with internal testing showing an 86 per cent reduction in energy usage and a 93 per cent reduction in capital expenditures compared with legacy methods.
According to Tuesday’s news release, the parties estimate initial lab-scale production in Q3 2024, followed by commercial-scale testing through the year and potentially into Q1 2025.
Earlier this month, HPQ Silica Polvere signed a letter of intent with Evonik, a global specialty chemicals company, to collaborate on the pilot phase and scale up towards a potential commercial agreement.
Leadership insights
“We are on the verge of demonstrating at pilot scale the incredible potential of our Fumed Silica Reactor technology,” Bernard Tourillon, HPQ Silicon’s president and chief executive officer, said in a statement. “We are very confident that this process and all phases, including each step in the program, will be completed successfully. Needless to say, we are very proud to be leading this unique opportunity that will change fumed silica manufacturing forever.”
“As I have often stated, PyroGenesis only commits to ideas that have both real and significant potential for successful commercialization,” added P. Peter Pascali, PyroGenesis’ president and chief executive officer. “While we are approached regularly by companies seeking a technology partner, we will only commit our engineering and technical resources to those whose ideas have the most upside. Rarer still is the commercial opportunity where we are willing to take a 50-per-cent ownership stake in the initiative, as we have with the fumed silica reactor process. We are looking forward to getting this validation on the road and securing the results in short order.”
About HPQ Silicon
HPQ Silicon is a Canadian green technology stock focused on producing the critical materials needed to reach net-zero emissions. The company’s efforts are centred on fumed silica, high-purity silicon, silicon-based anode materials for battery applications, and on-demand hydrogen production.
HPQ Silicon stock (TSXV:HPQ) last traded at C$0.32 per share. The stock has added 45.45 per cent year-over-year and 255.56 per cent since 2019.
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(Top photo of HPQ Silicon’s president and chief executive officer Bernard Tourillon: HPQ Silicon)