PyroGenesis Canada Inc. (http://pyrogenesis.com) (NASDAQ: PYR)
(TSX: PYR) (FRA: 8PY), a high-tech Company (hereinafter referred to
as the “Company” or “PyroGenesis”), that designs, develops,
manufactures and commercializes advanced plasma processes and
sustainable solutions to reduce greenhouse gases, today announces
that Pyro Green-Gas, formerly known as AirScience Technologies
Inc.(“AST”), a wholly owned subsidiary of PyroGenesis Canada Inc,
has been selected to supply its landfill biogas purification system
to Carbonaxion Bioénergies Inc., the promoter of GNR Neuville
project, which is being developed at the environmental complex of
the Régie régionale de gestion des matières résiduelles de Portneuf
(“RRGMRP” or “The Régie”), located in Quebec Canada The Régie is a
municipal organization that manages the residual materials of 24
municipalities.
Carbonaxion Bioénergies previously entered into
an agreement with The Régie to build, own and operate a landfill
gas plant that will convert the waste from the Neuville landfill
site into a renewable natural gas (RNG) over the next 20 years.
Carbonaxion then selected Pyro Green-Gas as the supplier of the
biogas purification system. The contract has an expected value in
excess of $5 million and is expected to be fully commissioned in
the first half of 2023.
The technologies to be provided by Pyro
Green-Gas as part of this landfill gas purification project include
desulfurization, dehydration, decarbonization, removal of nitrogen
and oxygen depletion all geared to produce a biomethane suitable to
be incorporated into a gas pipeline owned by Energir, the largest
natural gas distribution company in Quebec.
The biogas purification unit at the Neuville
site is expected to produce an average of 1.8 million cubic meters
of biomethane (or RNG) per year, which will be injected into
Energir's gas network. Previously, the biogas produced from the
decomposition of organic waste at the landfill was collected and
destroyed by flaring. As a result, this project is expected to
reduce 3,500 tonnes of greenhouse gases (GHG) per year which is the
equivalent of removing 1,000 cars from the road every single
year.
“We are pleased to announce this important
milestone, less than one month after closing the strategic
acquisition of AST,” said Mr. P. Peter Pascali, President and Chair
of PyroGenesis. “Today’s announcement is a confirmation of the
strategic decision behind the acquisition, and of the reputation of
Pyro Green-Gas’s environmental technologies within the RNG market.
Being chosen to supply this landfill gas purification equipment
unit to Carbonaxion Bioénergies represents further validation of
the technology and its value proposition to our customers. We
believe there is significant demand for upgrading biogas facilities
worldwide, particularly given the legislative trend across North
America towards regulating minimum amounts of RNG to be
incorporated within gas pipelines.”
Réjean Carrier, President and Co-founder of
Carbonaxion Bioénergies, stated, “PyroGenesis and AirScience
Technologies are ideal partners for Carbonaxion as they share our
vision to promote and integrate sustainable solutions, aimed at
reducing GHGs and decarbonizing our economy. We look forward to
deploying Pyro Green-Gas’s proprietary technologies that will not
only significantly reduce GHGs, but will also transform an expense
into a revenue stream for the municipalities concerned over the
next 20 years.”
About Carbonaxion Bioénergies
Inc.
Carbonaxion Bioénergies Inc. offers
eco-responsible solutions that are beneficial for all, helping to
reduce greenhouse gas (GHG) emissions. The company acts as a
promoter and/or integrator of solutions, often innovative in terms
of technology or business model, aimed at decarbonizing the
economy. For more information, please visit:
https://www.carbonaxion.com/.
About Pyro Green-Gas (formerly known as
AirScience Technologies Inc.)
Pyro Green-Gas, a Montreal-based company, offers
technologies, equipment, and expertise in the area of biogas
upgrading, as well as air pollution controls. Pyro Green-Gas
designs and builds: (i) gas upgrading systems to convert biogas to
renewable natural gas (RNG); (ii) pyrolysis-gas purification; (iii)
biogas & landfill-gas flares and thermal oxidizers; and (iv)
purification of coke-oven gas (COG) (a by-product in the primary
steel industry arising from the conversion of coal into coke) into
high purity hydrogen, which is in high demand across the industry.
Pyro Green-Gas is also known for its line of landfill gas flares
which reduce greenhouse gas (“GHG”) emissions specifically from
landfills.
About PyroGenesis Canada
Inc.
PyroGenesis Canada Inc., a high-tech company, is
a leader in the design, development, manufacture and
commercialization of advanced plasma processes and sustainable
solutions which reduce greenhouse gases (GHG), and are economically
attractive alternatives to conventional “dirty” processes.
PyroGenesis has created proprietary, patented and advanced plasma
technologies that are being vetted and adopted by multiple
multibillion dollar industry leaders in four massive markets: iron
ore pelletization, aluminum, waste management, and additive
manufacturing. With a team of experienced engineers, scientists and
technicians working out of its Montreal office, and its 3,800 m2
and 2,940 m2 manufacturing facilities, PyroGenesis maintains its
competitive advantage by remaining at the forefront of technology
development and commercialization. The operations are ISO
9001:2015 and AS9100D certified, having been ISO certified since
1997. For more information, please visit: www.pyrogenesis.com.
This press release contains certain
forward-looking statements, including, without limitation,
statements containing the words "may", "plan", "will", "estimate",
"continue", "anticipate", "intend", "expect", "in the process" and
other similar expressions which constitute "forward- looking
information" within the meaning of applicable securities laws.
Forward-looking statements reflect the Corporation's current
expectation 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 including, but not limited to, our
expectations regarding the acceptance of our products by the
market, our strategy to develop new products and enhance the
capabilities of existing products, our strategy with respect to
research and development, the impact of competitive products and
pricing, new product development, and uncertainties related to the
regulatory approval process. Such statements reflect the current
views of the Corporation with respect to 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 the
securities regulatory authorities, which filings can be found at
www.sedar.com, or at www.sec.gov. Actual results, events, and
performance may differ materially. Readers are cautioned not to
place undue reliance on these forward-looking statements. The
Corporation undertakes no obligation to publicly update or revise
any forward- looking statements either as a result of new
information, future events or otherwise, except as required by
applicable securities laws. Neither the Toronto Stock Exchange, its
Regulation Services Provider (as that term is defined in the
policies of the Toronto Stock Exchange) nor the NASDAQ Stock
Market, LLC accepts responsibility for the adequacy or accuracy of
this press release.
SOURCE PyroGenesis Canada Inc.
For further information please contact:Rodayna
Kafal, Vice President Investors Relations and Strategic Business
DevelopmentPhone: (514) 937-0002, E-mail: ir@pyrogenesis.comRELATED
LINK: http://www.pyrogenesis.com/
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