PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR)
(NASDAQ: 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 which are geared to reduce greenhouse gases
(GHG), is pleased to announce that, further to its press release
dated April 20th, which provided an update on its Aluminum Business
offerings, the Company has undertaken a joint initiative (the
“Agreement”) with a premier applied engineering and process
optimization firm (the “Client”) in the global aluminum industry.
This Agreement is focused on utilizing PyroGenesis’ zero-emission
plasma torches in carbon anode baking – a vital upstream step in
the aluminum production process. The name of the Client remains
anonymous for confidentiality reasons.
PyroGenesis’ 150KW plasma torch will be placed
inside a pilot system at the Client’s renowned research center.
This pilot system has been used to conduct optimization tests for
many of the world’s top aluminum producers.
The Client is one of the world’s leading
consulting engineering firms specifically focused on the
optimization and improvement of furnace and furnace combustion
processes at aluminum plants. In particular, the Client is focused
on improving processes, lowering costs, and improving the quality
of carbon anodes – the conductive material used in the electrolytic
production of primary aluminum.
In aluminum production, a smelter needs
approximately 425 kg of carbon anode – which is consumed
during the smelting process – to produce one ton of primary
aluminum. The demand for anodes is so significant that several
stand-alone manufacturers of high-grade anodes, as well as anode
baking systems, are on-site at major aluminum producers and in
constant operation – baking new anodes, of up to 6 feet in length
and weighing 1.2 tons each1,2. As a result, improving and
optimizing this anode baking process is a key objective in the
industry, and the Client considers PyroGenesis’ plasma torches as
part of that solution set.
“Once again, we have yet another Agreement
underscoring the applicability, and timing, of PyroGenesis
’offerings within the aluminum industry,” said Mr. P. Peter
Pascali, CEO and Chair of PyroGenesis. “Global aluminum producers
face increasing metal demand, rising energy costs, higher market
prices for high-quality aluminum, and new restrictions to meet
carbon emissions targets. This agreement is a direct result of our
increased sales efforts and R&D, targeting innovative new uses
of our ultra-high heat expertise and plasma-based solutions. As
stated in our aluminum business line update release of April 20th,
the upstream opportunities are numerous and continue to provide
additional opportunities for PyroGenesis’ plasma processes. In this
particular case, the Client has informed us that a typical anode
baking furnace of 3 fires requires 144 gas burners of 200kw each,
with the largest anode baking plants operating up to 7 furnaces
with 4 fires each. This clearly illustrates the magnitude of this
opportunity.”
Under the scope of this agreement, the
performance of PyroGenesis’ plasma torches will be analyzed, and
the temperature distributions and flame characteristics will be
determined. The results will provide third-party validation of the
potential in replacing conventional oil and gas burners in carbon
anode baking facilities with PyroGenesis’ plasma torches.
“The potential to replace, at a single plant,
more than 1000 gas burners with our clean plasma torches, is
significant both in terms of (i) productivity and (ii) emission
reduction,” continued Mr. Pascali. “As such, we look forward to
undertaking this project together with our Client – a neutral,
independent highly regarded engineering and technology firm, who
has been recommending improvements to the aluminum industry for
almost half a century.”
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 plasm a
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, IR/Comms. and Strategic BDPhone: (514)
937-0002, E-mail: ir@pyrogenesis.com RELATED LINK:
http://www.pyrogenesis.com/
1 Trimet Aluminium SE has commissioned a new anode baking
furnace at its aluminium smelter in Hamburg, Germany. May 13
https://alu-web.de/en/trimet-puts-new-anode-baking-furnace-into-operation/2 Why
Are Anode Production Costs Rising? December 4,
2018, BY GORAN DJUKANOVIC
https://aluminiuminsider.com/why-are-anode-production-costs-rising/#:~:text=To%20produce%20one%20tonne%20of,in%20less%20than%20two%20years.
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