- PyroGenesis (PYR) will work with a leading furnace manufacturer to reduce its carbon footprint
- The manufacturer will evaluate the effectiveness of PyroGenesis’ plasma torches in its scrap remelting and holding furnaces for the aluminum industry
- Secondary scrap aluminum production emits up to 95 per cent less carbon compared to mined ore
- PyroGenesis Canada focuses on advanced plasma processes and sustainable solutions to reduce greenhouse gases
- PyroGenesis (PYR) is down by 1.51 per cent trading at $2.61 per share
PyroGenesis (PYR) will work with a leading furnace manufacturer to reduce its carbon footprint.
The client is one of the world’s largest manufacturers of industrial furnaces and providers of engineering and metallurgical solutions to the aluminum, steel and mining industries.
It will evaluate the viability of PyroGenesis’ zero-emission plasma torches in its scrap remelting and holding furnaces for the aluminum industry.
The first step will be a computational fluid dynamics study to gather pre-test data.
Secondary scrap aluminum production emits up to 95 per cent less carbon versus primary aluminum production from mined ore.
“This agreement underscores the applicability and timing of PyroGenesis’ offerings within the aluminum industry which, incidentally, has now expanded beyond just primary aluminum producers,” said P. Peter Pascali, CEO of PyroGenesis.
“We look forward to announcing additional initiatives within this sector of the aluminum industry as negotiations currently taking place bear fruit.”
PyroGenesis Canada focuses on advanced plasma processes and sustainable solutions to reduce greenhouse gases.
PyroGenesis (PYR) is down by 1.51 per cent trading at $2.61 per share as of 10:43 am EST.