- PyroGenesis (TSX:PYR), a specialist in sustainable industrial solutions, announced that its Pyro Green-Gas subsidiary signed a C$725,000 biogas contract with one of the world’s largest integrated environmental services companies
- The news follows a C$2.5 million deal announced in January for the same client
- PyroGenesis designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions that reduce greenhouse gases and manage waste at attractive economics
- PyroGenesis stock has added 27.66 per cent year-over-year and 46.34 per cent since 2020
PyroGenesis (TSX:PYR), a specialist in sustainable industrial solutions, announced that its Pyro Green-Gas subsidiary signed a C$725,000 biogas contract with one of the world’s largest integrated environmental services companies.
The contract, expected to be completed in 2025, pertains to a large urban waste-to-natural gas facility and will see Pyro Green-Gas engineer, design, fabricate and deliver an extensive array of components for biogas cleaning and purification.
The subsidiary’s condensate pots will be placed within biogas production infrastructure to collect and separate water from the fuel, helping to optimize production and prevent pipework corrosion.
The news follows a C$2.5 million deal announced in January for the design and delivery of gas flaring components destined for the same facility.
Leadership insights
“This additional contract with this highly regarded global leader in environmental services showcases the long-standing ability of our team of engineers to deepen relationships with key players across a variety of heavy industries,” P. Peter Pascali, president and chief executive officer of PyroGenesis, said in a statement. “As I said previously, this project 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. Our engineering skills and technologies are crucial to projects like this, where transforming organic waste to energy helps introduce more capacity to the grid, reduce landfills and solve the energy transition challenges facing large urban areas.”
About PyroGenesis
PyroGenesis designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions that reduce greenhouse gases and manage waste at attractive economics.
PyroGenesis stock (TSX:PYR) is down by 4.76 per cent trading at C$0.60 per share as of 11:02 am ET. The stock has added 27.66 per cent year-over-year and 46.34 per cent since 2020.
Join the discussion: Find out what everybody’s saying about this sustainable technology stock’s new biogas contract 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 image, generated by AI: Adobe Stock)
