- Pyro Green-Gas, a subsidiary of PyroGenesis (TSX:PYR), booked a C$2.5 million waste-to-energy contract with one of the world’s largest integrated environmental services companies
- The subsidiary will enhance gas flaring capabilities at a U.S. renewable natural gas facility
- PyroGenesis designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions that reduce greenhouse gases at attractive economics
- PyroGenesis stock has added 7.14 per cent year-over-year and 62.16 per cent since 2020
Pyro Green-Gas, a subsidiary of PyroGenesis (TSX:PYR), booked a C$2.5 million waste-to-energy contract with one of the world’s largest integrated environmental services companies.
The client generates billions in annual revenue primarily serving public utilities across dozens of countries.
The contract will see Pyro Green-Gas engineer and design components for gas flaring at a U.S. waste-to-renewable natural gas facility, enhancing the removal of unmarketable emissions from the production process. The pipeline-quality fuel bolsters supply for a major U.S. metropolitan area.
Pyro Green-Gas has received an initial C$400,000 payment and expects to complete contract work in 2025.
Leadership insights
“This announcement highlights our continued commitment to providing sustainable technology solutions that contribute to the expansion of the energy grid, while also improving the environment by controlling and eliminating hazardous air pollutants,” P. Peter Pascali, president and chief executive officer of PyroGenesis, said in a statement. “Our engineering skills and technologies are crucial to projects like this, where transforming organic waste to energy helps (i) introduce more capacity to the grid, (ii) reduce landfills and (iii) solve the energy transition challenges facing large urban areas. We are excited to kick off this initial project with this internationally respected world-class customer, and we look forward to developing this partnership to drive innovation and address the pressing energy and environmental challenges of our times.”
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) last traded at C$0.60 per share. The stock has added 7.14 per cent year-over-year and 62.16 per cent since 2020.
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(Top photo of Pyro Green-Gas’ natural gas purification technology: Pyro Green-Gas)
