- Three of PyroGenesis’ (PYR) Drosrite systems have passed site acceptance testing
- The systems are now operating at Ma’aden Aluminum, a joint venture with Alcoa, and one of the world’s largest aluminum producers
- The order is for a total of seven systems, with the remaining four manufactured and ready for shipment
- PyroGenesis Canada focuses on advanced plasma processes and sustainable solutions to reduce greenhouse gases
- PyroGenesis (PYR) is down by 0.82 per cent trading at $2.41 per share
Three of PyroGenesis’ (PYR) Drosrite systems have passed site acceptance testing.
The systems are now operating at Ma’aden Aluminum, a joint venture with Alcoa, and one of the world’s largest aluminum producers with 2021 revenue of over US$7B.
The milestone involves an initial order for seven systems, with the remaining four manufactured and awaiting final shipment.
PyroGenesis’ Drosrite system recovers waste from the aluminum smelting process, which can be converted into high-margin products, such as aluminum sulphate and ammonium sulphate.
“The fact that we have a salt-free dross recovery system in use for the first time at a primary aluminum producer further validates our Drosrite technology, and opens the door for further expansion,” stated P. Peter Pascali, PyroGenesis’ CEO. “In fact, we are gaining significant attention within the industry, and we are receiving additional inquiries from other primary aluminum producers in the Gulf region as a result of this achievement.”
PyroGenesis Canada focuses on advanced plasma processes and sustainable solutions to reduce greenhouse gases.
PyroGenesis (PYR) is down by 0.82 per cent trading at $2.41 per share as of 9:31 am EST.