Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.

PyroGenesis Selected by Advanced Materials and Chemicals Trading House to Supply SPARC™ Land Waste Destruction System, The Canadian Business Journal

MONTREAL, Sept. 13, 2022 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a high-tech company Today, we are pleased to announce that we have been selected by Advanced Materials as a ‘company’ or ‘PyroGenesis’ to design, develop, manufacture and commercialize advanced plasma processes and sustainable solutions for the reduction of greenhouse gases (GHG). We are pleased to announce that a Southern Hemisphere chemical trading company (“Client”) that offers our SPARC™ Refrigerant Waste Destruction System.The client’s name remains confidential for competitive reasons.This system is required by the Company Engineering services, ancillary equipment options, and after-sales support make the final project cost dependent on the final decision on the complete deliverable. , between US$2 and US$5 million per system, with final agreements expected to be signed by the end of Q2 2023.

“SPARC™ technology is one of our first major technology achievements. P. Peter Pascali, CEO and chairman of PyroGenesis, said: “Jurisdictions around the world are embracing hazardous waste disposal. It seeks to promote the safe destruction of hydrocarbons, such as refrigerant chlorofluorocarbons (CFCs), by offering carbon credits to offset costs. underscores the fact that companies are increasingly recognizing the key role that Pyrogenesis’s fossil-free waste destruction systems can play in this movement. , building on the foundation of our previous success with shipboard waste destruction systems for the U.S. Navy’s Gerald R. Ford-class aircraft carriers.”

As part of a greenfield project where a client is purchasing land and building a new facility, PyroGenesis is expected to design and build a SPARC™ refrigerant waste destruction system and oversee and support the contractor in installing the facility It has been. Project production-to-delivery timeline is approximately 18 months from final contract signing.

The client is a leading supplier of chemicals and advanced materials throughout the Southern Hemisphere. Clients like PyroGenesis have half a century of experience in the logistics, storage and handling of materials across a wide variety of applications and industries and maintain ISO 9001 designations to support numerous global partnerships.

PyroGenesis’ patented SPARC™ system is based on a technology platform originally developed by the company for the US Navy and US Air Force bases. Using inexpensive steam as the plasma-forming gas to produce a hydrolysis reaction that destroys the refrigerant, leading directly to significant operating cost savings (versus more expensive gases) and cleaner operation without incineration . With an electrically powered SPARC™ system, you can dramatically reduce your carbon footprint while eliminating ozone-depleting substances. It also destroys other chemicals such as CFCs, HCFCs, HFCs, halons and PFCs.

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc., a high-tech company, designs advanced plasma processes and sustainable solutions that reduce greenhouse gases (GHG) and are economically attractive alternatives to traditional “dirty” processes. , a leader in development, manufacturing and commercialization. PyroGenesis is a unique, patented advanced technology vetted and adopted by multiple multi-billion dollar industry leaders in four huge markets: Iron Ore Pelletization, Aluminum, Waste Management and Additive Manufacturing. created a new plasma technology. With a team of highly experienced engineers, scientists and technicians working in our Montreal office and his 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis will gain a competitive advantage by staying at the forefront of technology development and commercialization. maintain. The operation is ISO 9001:2015 and AS9100D certified and has been ISO certified since 1997. For more information, please visit www.pyrogenesis.com.

This press release contains the words “may,” “plan,” “intend,” “estimate,” “continue,” “forecast,” “intend,” and “expect.” It contains certain forward-looking statements, including but not limited to. , “ongoing,” and other similar expressions that constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect our current expectations and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties. This includes, but is not limited to, our expectations regarding the acceptance of our products by the market, our strategies for developing new products and enhancing the capabilities of existing products, and our strategies for research and development. It will not be. , the impact of competitive products and pricing, new product development and uncertainties related to the regulatory approval process. Such statements reflect the Corporation’s current view of future events and are subject to certain risks and uncertainties and other risks detailed from time to time in the Corporation’s ongoing filings with securities regulators. subject to the risk of www.sedar.comor www.sec.govActual results, events and performance may vary materially. Readers are cautioned not to place undue reliance on these forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the Toronto Stock Exchange nor its regulatory service providers (as that term is defined in Toronto Stock Exchange Policy) nor NASDAQ Stock Market, LLC are responsible for the adequacy or accuracy of this press release. Hmm.

For more information, please contact:
Rodayna Kafal, Vice President IR/Comms. Strategy BD
Phone: (514) 937-0002, Email: [email protected]

Related Links: http://www.pyrogenesis.com/

CBJ Newsmaker

PyroGenesis Selected by Advanced Materials and Chemicals Trading House to Supply SPARC™ Land Waste Destruction System, The Canadian Business Journal

Source link PyroGenesis Selected by Advanced Materials and Chemicals Trading House to Supply SPARC™ Land Waste Destruction System, The Canadian Business Journal

Related Articles

Back to top button