- PyroGenesis successfully completed a $2.25 million contract to deploy its plasma torches for PFAS remediation
- The torch system treated over 300 tons of PFAS-contaminated materials at full capacity, addressing “forever chemicals” linked to global health issues
- PyroGenesis’ plasma torches are gaining traction for waste destruction, energy transition and industrial applications
PyroGenesis (TSX:PYR), a leader in plasma-based environmental solutions, announced the completion of a $2.25 million contract to deploy its plasma torches for the remediation of Perfluoroalkyl and Polyfluoroalkyl Substances (PFAS). These “forever chemicals” are notorious for their persistence in the environment and links to serious health concerns.
Commissioned by an anonymous client through funding from the U.S. Department of Defense, PyroGenesis’ 1 MW plasma system treated over 300 tons of PFAS-contaminated materials. This accomplishment underscores the technology’s potential as a cornerstone solution for global PFAS remediation efforts.
Addressing a global crisis
PFAS – synthetic chemicals used in products ranging from non-stick cookware to firefighting foam – have contaminated water, soil and air worldwide. Their strong molecular bonds make them resistant to degradation, posing risks such as cancer, immune system effects and environmental toxicity. The U.S. remediation market alone is estimated at $200 billion, highlighting the urgent demand for effective solutions.
“This project demonstrates our plasma system’s ability to safely and efficiently destroy PFAS,” P. Peter Pascali, PyroGenesis’ president and chief executive officer, said in a statement. “We are proud to contribute to global efforts to address this critical environmental and health challenge.”
Expanding applications for plasma technology
Beyond PFAS remediation, PyroGenesis’ plasma torch technology is finding applications in industries such as waste management, energy optimization and heavy manufacturing. The company’s recent $27 million contract for higher-powered plasma torches reflects growing acceptance of its technology as an alternative to conventional fossil fuel burners.
“As we build on our operational successes, PyroGenesis is positioned to deliver innovative solutions that address major industrial and environmental challenges,” added David D’Aoust, PyroGenesis’ senior sales manager.
A leader in sustainability
PyroGenesis’ plasma technologies align with its mission to drive sustainability through waste remediation, energy transition and commodity security. With a robust pipeline of projects and expanding market opportunities, the company is poised to play a pivotal role in global environmental solutions.
About PyroGenesis
PyroGenesis designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions that reduce greenhouse gases at attractive economics.
PyroGenesis stock (TSX:PYR) is unchanged trading at C$0.61 per share as of 1:25 pm ET. The stock has added 29.79 per cent year-over-year and 27.08 per cent since 2019.
Join the discussion: Find out what everybody’s saying about this industrial and environmental stock on the PyroGenesis Inc. Bullboard and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
(Top photo of PyroGenesis’ logo: PyroGenesis)
