PyroGenesis Announces $450K Contract for the Sale of a Plasma Torch/Furnace System for Advanced Green Cement Development

MONTREAL, March 14, 2024 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, is pleased to announce the signing of a contract with a U.S. structural materials entity engaged in the development of advanced cement materials. The first phase of the contract is approximately CDN$450,000 with the potential for future phases. Funded in part by the U.S. Department of Energy (“DOE”), the name of the client will remain anonymous for confidentiality reasons.

“The cement industry is one we have been targeting, as it is one of the highest-emitting industrial sectors, responsible for more than 8% of global CO₂ emissions.ⁱ We believe our greenhouse gas-free technologies are a perfect solution to help the cement industry decarbonize by replacing fossil-fuel burners with PyroGenesis’ electric plasma torches in various process steps, effectively moving towards green cement. This first contract with an expert in advanced structural cement development opens the door to future projects in the cement industry”, said Mr. P. Peter Pascali, CEO and President of PyroGenesis.

Under the terms of the contract, PyroGenesis will design and build a system tailored for lab-scale cement production applications. The system will include a plasma torch, a refractory furnace, and the required gas, power, and cooling components and peripherals. The system was contracted to provide the client the type of increased power and heat levels required for advanced cement development and testing, but without the fossil fuels and resultant emissions a gas-fueled system would normally generate. Subsequent phases may require a refractory lined reactor and other systems for additional development.

PyroGenesis’ involvement in developing plasma torches for use in high temperature applications is part of the Company’s three-tiered solution ecosystem that aligns with economic drivers that are key to global heavy industry. Plasma torches, as a high and ultra-high temperature application, are part of the Company’s Energy Transition and Emissions Reduction tier, where fuel switching to the Company’s electric-powered torches helps heavy industry reduce fossil fuel use and lower greenhouse gas emissions.