PyroGenesis - CEO, P. Peter Pascali.
CEO, P. Peter Pascali.
Source: PyroGenesis.
  • PyroGenesis (PYR) has signed an emissions reduction contract with a lithium-ion battery recycler
  • The North American client will receive a system to decontaminate the dust generated during the battery recycling process
  • Subsidiary Pyro Green-Gas will oversee design, fabrication and delivery by June 2023 for total revenue between $500,000 and under $1 million
  • PyroGenesis Canada offers advanced plasma processes and sustainable solutions to reduce greenhouse gases
  • PyroGenesis (PYR) opened unchanged, trading at $1.12 per share

PyroGenesis (PYR) has signed an emissions reduction contract with a lithium-ion battery recycler.

The North American client will receive a 4,000 Nm3/h system to decontaminate the dust generated during the battery recycling process. 

Subsidiary Pyro Green-Gas will design and fabricate the system, which aims to minimize energy use, resulting in reduced operating costs and environmental impact.

PyroGenesis can confirm that the contract value is between $500,000 and under $1 million.

Delivery is scheduled for June 2023.

“This agreement is an example of yet another industry requiring factory-ready technology solutions that fit within the decarbonization and energy transition value chains,” stated P. Peter Pascali, CEO and Chair of PyroGenesis.

“With the growth of the electric vehicle (EV) market and the resulting demands on battery producers to find closed-loop solutions to battery production and commodity recovery,” he added, “we are pleased to showcase, in this contract, the engineering and emission-reduction expertise of Pyro Green-Gas to battery recyclers, producers and the EV industry as a whole.”

PyroGenesis Canada offers advanced plasma processes and sustainable solutions to reduce greenhouse gases.

PyroGenesis (PYR) opened unchanged, trading at $1.12 per share.


More From The Market Online

Myriad Uranium secures mining lease at Copper Mountain

Myriad Uranium (CSE:M) has entered into a 20-year mining lease with Diamond X Ranch for the Copper Mountain Uranium Project.

@ the Bell: Global markets make a comeback, but gold sinks

Canada’s main stock index followed markets around the globe on Monday and marched higher, recouping some losses from the dud of a week prior.

Eric Sprott tops up investment in gold stock Rio2

Eric Sprott adds C$2,000,115 to his position in Rio2 (TSXV:RIO), a junior mining stock developing its Fenix gold project in Chile.