- PyroGenesis (PYR) will aid in the decarbonization efforts of a major international aluminum company
- The companies will investigate the feasibility of PyroGenesis’ plasma torches as a replacement for natural gas in the client’s cast house furnaces
- A computational fluid dynamics study is currently underway
- PyroGenesis Canada focuses on advanced plasma processes and sustainable solutions to reduce greenhouse gases
- PyroGenesis (PYR) opened with a gain of 1.74 per cent, trading at $1.17 per share
PyroGenesis (PYR) will aid in the decarbonization efforts of a major international aluminum company.
The companies will investigate the feasibility of PyroGenesis’ plasma torches, which are powered entirely by electricity, as a replacement for natural gas in the client’s cast house furnaces.
They have signed a contract to perform an ongoing computational fluid dynamics study, which will help to evaluate plasma in a production-scale furnace to be installed at one of the client’s sites.
The client is one of the largest aluminum companies worldwide.
At the request of the client and for competitive reasons, the client’s name will remain confidential.
“This agreement is a major step, as it is the first with this client, whose standing within the global aluminum industry is almost unparalleled,” said P. Peter Pascali, CEO and Chair of PyroGenesis. “Few companies within the sector have such a positive and progressive reputation for driving the industry forward with new and better approaches.”
PyroGenesis Canada focuses on advanced plasma processes and sustainable solutions to reduce greenhouse gases.
PyroGenesis (PYR) opened with a gain of 1.74 per cent, trading at $1.17 per share.
