PyroGenesis Signs Energy Transition Contract with Leading Global Steelmaker to Consider Plasma Use in Primary Steel Production
PyroGenesis Canada Inc. - Common Shares (PYR)
Company Research
Source: GlobeNewswire
MONTREAL, April 24, 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 that it has signed a small contract with one of the five largest steelmakers in the world to assess the applicability of PyroGenesis’ fully electric plasma torches for use in the client’s manufacturing facilities as a primary heat source in the steelmaking process, specifically during the production of direct reduced iron (DRI) for use in electric arc furnaces (EAF). The client’s name shall remain anonymous for competitive and confidentiality reasons. The client, an overseas entity with manufacturing facilities on five continents, is one of the five largest companies of its kind.
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