PyroGenesis – Contract with Varennes Carbon Recycling Plant Venture Will increase to $3,6 million – Expands Involvement in Main Quebec Biofuel Venture with Further $1.1 Million Contract
MONTREAL, Feb. 03, 2025 (GLOBE NEWSWIRE) — PyroGenesis Inc. (“PyroGenesis”) (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech firm that designs, develops, manufactures and commercializes superior plasma processes and sustainable options that are geared to cut back greenhouse gases (GHG) and deal with environmental pollution, publicizes that its subsidiary, Pyro Inexperienced-Gasoline Inc. (“Pyro Inexperienced-Gasoline”), has signed a $1.1 million second contract with the Varennes Carbon Recycling (“VCR”) plant, a big biofuel manufacturing undertaking at the moment below development in Varennes, Quebec. In consequence, the general undertaking contracts with Pyro Inexperienced-Gasoline improve in whole to $3.6 million.
The contract introduced in the present day for $1.1 million expands on the unique undertaking introduced by PyroGenesis on June 11, 2024 (“PyroGenesis Indicators Contracts Totaling $2.5 Million to Ship Greenhouse Gasoline-Lowering System for Main North American Biofuel Venture”), whereby the Firm was contracted to engineer, design, and fabricate a thermal swing adsorption (“TSA”) system for the dehydration of pure oxygen produced from electrolyzers on the VCR plant. Underneath the phrases of the brand new undertaking, the Firm will present further engineering, expertise companies and tools associated to a nitrogen loop system, whereby nitrogen could be fed into the system to regenerate the system. Collectively, this may goal the mandatory requirement and high quality of the eventual product fuel.
P. Peter Pascali, President and CEO of PyroGenesis, famous :
As I said again in June 2024 upon the awarding of the unique contract, we had been trying ahead to probably rising our function because the undertaking evolves.
“This $1.1 million follow-up contract is testomony to our efforts to offer top quality engineering and expertise that makes clients in a few of the world’s most impactful initiatives take discover,”
Our applied sciences reminiscent of thermal swing adsorption and strain swing adsorption that seize and get well CO2 and different greenhouse fuel emissions throughout biofuel manufacturing, are key to increasing the power grid whereas lowering hazardous emissions.
“The VCR undertaking has a said aim of slicing greater than 170,000 tonnes of greenhouse fuel emissions yearly and 4.25 million tonnes over the undertaking’s 25-year lifespan.1 That is equal to completely eradicating 50,000 passenger autos off the highway.”
The $1 billion VCR undertaking is being led by a consortium of main company companions, together with Shell, Suncor, Proman, and Enerkem, and has the monetary backing of the Quebec and Canadian governments. This consortium is setting up Canada’s largest biorefinery with a capability to transform as much as 200,000 tonnes of non-recyclable waste and residual biomass materials into 125 million liters of generally used chemical substances and value-added biofuels, reminiscent of methanol. The plant will probably be powered by clear electrical energy and can leverage renewable inexperienced hydrogen and oxygen produced onsite by one of many world’s largest electrolyzers.2
Applied sciences reminiscent of thermal swing adsorption and fuel separation system applied sciences, are a part of the Firm’s three-tiered resolution ecosystem that aligns with financial drivers which might be key to international heavy business. Thermal swing adsorption and fuel separation programs are a part of the Firm’s Vitality Transition & Emissions Discount tier, the place fuel purification, separation and conversion applied sciences, and gas switching using the Firm’s electric-powered plasma torches, helps heavy business cut back greenhouse fuel emissions and fossil gas use. The opposite tiers are Waste Remediation, and Commodity Safety and Optimization.
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PyroGenesis – Contract with Varennes Carbon Recycling Plant Venture Will increase to $3,6 million – Expands Involvement in Main Quebec Biofuel Venture with Further $1.1 Million Contract, supply
