Companies to Explore Post-Consumer Glass
Nanoparticle Production and
Amorphous Silica
Fabrication for Environmental Applications
VANCOUVER, BC, Jan. 27, 2022 /CNW/ - Progressive Planet
Solutions Inc. (TSXV: PLAN) ("PLAN", "Progressive
Planet" or the "Company"), an emerging provider of
innovative circular solutions and eco-friendly micronized minerals
for industry and agriculture, is pleased to announce it has engaged
PyroGenesis Canada Inc. (NASDAQ: PYR) (TSX: PYR) (FRA: 8PY)
("PyroGenesis"), a high-tech company that designs, develops,
manufactures and commercializes advanced plasma processes and
sustainable solutions to reduce greenhouse gases (GHGs), to
develop and lead feasibility studies for the production of
nanoparticles from post-consumer glass and the production of
amorphous silica derived from high grade silica.
PyroGenesis and Progressive Planet will collaborate to determine
the feasibility of producing post-consumer glass nanoparticles.
Having recently announced the successful testing of
PozGlass™ 100G SCM made from 100% recycled glass, the Company
believes investigating the use of even smaller-sized post-consumer
glass nanoparticles (with significantly greater particle surface
area thus increasing chemical reactivity) could emerge as a
desirable and highly reactive eco-conscious cementitious additive
to further boost the performance characteristics of concrete.
Additionally, the process of transforming high grade silica into
amorphous silica will be explored. Silica is the second most common
element found in the earth's crust. The objective is to determine
whether silica can be transformed for use as a new supplementary
cementing material (SCM) with the long-term goal of replacing fly
ash in cement mixes. No further details on the proposed project
scope will be disclosed to protect trade secrets, including
potential patentable intellectual property.
"PyroGenesis maintains its competitive advantage by remaining at
the forefront of technology development and commercialization,"
states P. Peter Pascali, CEO of
PyroGenesis. "We are excited to collaborate on a novel product that
is focused on such an important need for an industry we are not
currently in."
PyroGenesis will receive $352,682
for feasibility study services, with both projects to be completed
during 2022.
Progressive Planet is also receiving advisory services and
funding of up to $150,000 through the
National Research Council of Canada
Industrial Research Assistance Program (NRC IRAP). This funding
helps to support the Company's research and development to optimize
PozGlass™ SCM and furthers the Company's path to commercialization
of economic and eco-friendly micronized minerals to replace
Portland cement and fly ash in the
production of concrete.
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.
About Progressive Planet
Progressive Planet is an
emerging company providing innovative circular solutions and
earth-friendly micronized minerals that naturally unlock
sustainability benefits across the construction and agriculture
industries. Tapping into the earth's inherent binding powers and
properties, PLAN is developing and scaling a portfolio of
proprietary solutions to help our customers build, grow, and
operate more responsibly.
PLAN continues work on creating supplementary cementing
materials (SCMs) with a focus on minimizing the carbon footprint of
the SCMs we create; utilizing waste materials where possible to
create the most sustainable SCMs; and sequestering CO2 in SCMs to
address climate change. PLAN's research team has begun exploring
the opportunity to utilize the legacy CO2 stream generated by APL's
natural gas rotary kiln dryer in operation in Kamloops.
PLAN's operations currently include:
- A comminution facility in Spallumcheen, BC which is currently
producing micronized minerals used by farmers in lieu of chemical
fertilizers to promote healthy soils without the addition of
chemicals,
- A research lab in Calgary, AB
focused on creating SCM's and associated technologies to sequester
CO2 in concrete; and,
- Three natural pozzolan properties in BC including our flagship
Z1 Natural Pozzolan Quarry in Cache
Creek, BC and our two pozzolan properties under development,
the Z2 Natural Pozzolan Property near Falkland and the Heffley Creek Metals and
Natural Pozzolan Property.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Statements:
This news release contains forward-looking information within
the meaning of Canadian securities laws. Such information includes,
without limitation, information regarding the completion of the
proposed acquisition of APL, proposed bank financing with respect
to same, and the proposed private placement financing offered by
the Company. Although the Company believes that such information is
reasonable, it can give no assurance that such expectations will
prove to be correct.
Forward looking information is typically identified by such
words as "believe," "expect," "anticipate," "intend," and similar
expressions, or are those that, by their nature, refer to future
events. The Company cautions investors that any forward-looking
information provided by the Company are not guarantees of future
results or performance, and that actual results may differ
materially from those in forward looking information as a result of
various factors, including but not limited to: the Company's
ability to complete the acquisition as described; the Company's
ability to obtain bank financing; the Company's ability to complete
the proposed private placement; the general state of the industry
in which the Company operates; the state of financial markets
generally; and other risks and factors that the Company is not
aware of at this time.
SOURCE Progressive Planet Solutions