PyroGenesis Signs $2.5 Million Contract with Global Environmental Services Company
PyroGenesis announces that its subsidiary, Pyro Green-Gas, has secured a US$1.74 million (CA$2.5 million) contract with a major global environmental services company for a large urban waste-to-energy project. The contract involves engineering, design, and delivery of gas flaring components for safe emission removal during renewable natural gas (RNG) production at a US-based organic waste facility.
The project aims to produce pipeline-quality natural gas for a major U.S. metropolitan area. An initial payment of CA$400,000 has been received, and the contract is expected to be completed in 2025. The technology will focus on environmentally friendly removal of peripheral emissions during RNG production.
This initiative is part of PyroGenesis's three-tiered solution ecosystem, specifically under the Energy Transition & Emissions Reduction tier, which includes gas purification, separation, and conversion technologies aimed at helping heavy industry reduce greenhouse gas emissions.
PyroGenesis annuncia che la sua filiale, Pyro Green-Gas, ha ottenuto un contratto di 1,74 milioni di dollari USA (2,5 milioni di dollari canadesi) con una importante azienda globale di servizi ambientali per un vasto progetto di conversione dei rifiuti urbani in energia. Il contratto prevede l'ingegneria, la progettazione e la fornitura di componenti per il gas flaring per la rimozione sicura delle emissioni durante la produzione di gas naturale rinnovabile (RNG) presso un impianto di rifiuti organici negli Stati Uniti.
Il progetto mira a produrre gas naturale di qualità per un'importante area metropolitana degli Stati Uniti. È stato ricevuto un pagamento iniziale di 400.000 dollari canadesi e si prevede che il contratto venga completato entro il 2025. La tecnologia si concentrerà sulla rimozione ecologica delle emissioni periferiche durante la produzione di RNG.
Questa iniziativa fa parte dell'ecosistema di soluzioni a tre livelli di PyroGenesis, specificamente nel settore della Transizione Energetica e Riduzione delle Emissioni, che include tecnologie di purificazione, separazione e conversione del gas finalizzate ad aiutare l'industria pesante a ridurre le emissioni di gas serra.
PyroGenesis anuncia que su filial, Pyro Green-Gas, ha asegurado un contrato de 1.74 millones de dólares EE.UU. (2.5 millones de dólares canadienses) con una importante compañía global de servicios ambientales para un gran proyecto de conversión de residuos urbanos en energía. El contrato incluye la ingeniería, el diseño y la entrega de componentes para la quema de gas para la eliminación segura de emisiones durante la producción de gas natural renovable (RNG) en una instalación de residuos orgánicos en EE.UU.
El proyecto tiene como objetivo producir gas natural de calidad para una gran área metropolitana de EE.UU. Se ha recibido un pago inicial de 400,000 dólares canadienses, y se espera que el contrato se complete en 2025. La tecnología se centrará en la eliminación respetuosa con el medio ambiente de emisiones periféricas durante la producción de RNG.
Esta iniciativa forma parte del ecosistema de soluciones en tres niveles de PyroGenesis, específicamente bajo el nivel de Transición Energética y Reducción de Emisiones, que incluye tecnologías de purificación, separación y conversión de gas destinadas a ayudar a la industria pesada a reducir las emisiones de gases de efecto invernadero.
PyroGenesis는 자회사인 Pyro Green-Gas가 대규모 도시 폐기물 에너지 전환 프로젝트를 위해 주요 글로벌 환경 서비스 회사와 174만 달러(250만 캐나다 달러)의 계약을 체결했다고 발표했습니다. 이 계약은 미국의 유기 폐기물 시설에서 재생 가능한 자연가스(RNG) 생산 중 안전한 배출 제거를 위한 가스 플레어링 구성 요소의 엔지니어링, 설계 및 공급을 포함합니다.
이 프로젝트는 미국의 한 주요 대도시 지역을 위한 파이프라인 품질의 천연가스를 생산하는 것을 목표로 합니다. 40만 캐나다 달러의 초기 지급이 완료되었으며 계약은 2025년까지 완료될 것으로 예상됩니다. 이 기술은 RNG 생산 중 주변 배출물을 환경 친화적으로 제거하는 데 중점을 둡니다.
이 이니셔티브는 PyroGenesis의 3단계 솔루션 생태계의 일환으로, 에너지 전환 및 배출 감소 단계에 구체적으로 포함되어 있으며, 여기에는 중공업이 온실가스 배출을 줄이는 데 도움을 주기 위한 가스 정화, 분리 및 전환 기술이 포함됩니다.
PyroGenesis annonce que sa filiale, Pyro Green-Gas, a sécurisé un contrat de 1,74 million de dollars US (2,5 millions de dollars canadiens) avec une grande entreprise mondiale de services environnementaux pour un important projet de valorisation des déchets urbains en énergie. Le contrat comprend l'ingénierie, la conception et la livraison de composants de torchage de gaz pour l'élimination sécurisée des émissions lors de la production de gaz naturel renouvelable (RNG) dans une installation de déchets organiques basée aux États-Unis.
Le projet vise à produire du gaz naturel de qualité pour une grande région métropolitaine américaine. Un paiement initial de 400 000 dollars canadiens a été reçu, et le contrat devrait être achevé en 2025. La technologie se concentrera sur l'élimination écologique des émissions périphériques lors de la production de RNG.
Cette initiative fait partie de l'écosystème de solutions en trois niveaux de PyroGenesis, spécifiquement sous le niveau de Transition Énergétique et de Réduction des Émissions, qui comprend des technologies de purification, de séparation et de conversion du gaz visant à aider l'industrie lourde à réduire les émissions de gaz à effet de serre.
PyroGenesis kündigt an, dass ihre Tochtergesellschaft Pyro Green-Gas einen Vertrag über 1,74 Millionen US-Dollar (2,5 Millionen kanadische Dollar) mit einem großen globalen Umweltservice-Unternehmen für ein großes städtisches Abfall-zu-Energie-Projekt gesichert hat. Der Vertrag umfasst Ingenieurwesen, Design und Lieferung von Gasverbrennungskomponenten zur sicheren Emissionsentfernung während der Produktion von erneuerbarem Erdgas (RNG) in einer organischen Abfallanlage in den USA.
Das Projekt zielt darauf ab, Erdgas in Pipeline-Qualität für eine große US-Metropolregion zu produzieren. Eine erste Zahlung in Höhe von 400.000 kanadischen Dollar wurde erhalten, und der Vertrag soll bis 2025 abgeschlossen sein. Die Technologie wird sich auf die umweltfreundliche Beseitigung von Nebenemissionen während der RNG-Produktion konzentrieren.
Diese Initiative ist Teil des dreistufigen Lösungsecosystems von PyroGenesis, das speziell im Bereich der Energiewende und Emissionsreduzierung angesiedelt ist und Technologien zur Gasreinigung, -trennung und -umwandlung umfasst, die darauf abzielen, der Schwerindustrie bei der Reduzierung von Treibhausgasemissionen zu helfen.
- Secured new US$1.74M (CA$2.5M) contract with major environmental services company
- Received initial payment of CA$400,000
- Contract execution scheduled for completion in 2025, providing near-term revenue visibility
- None.
First payment of
MONTREAL, Jan. 27, 2025 (GLOBE NEWSWIRE) -- PyroGenesis Inc. (“PyroGenesis”) (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, announces that its subsidiary, Pyro Green-Gas Inc. (“Pyro Green-Gas”), has signed a contract totaling US
The contract is for the engineering, design, and delivery of components related to gas “flaring”, that provides for the safe and environmentally friendly removal of peripheral emissions considered unworthy of processing during the production of renewable natural gas (“RNG”). The technology will be installed at a large US-based organic waste-to-RNG facility, which was built to produce pipeline-quality natural gas that can be added to the natural gas supply for a major U.S. metropolitan area.
Figure 1 - Advanced technology for efficient waste gas emission abatement in biogas, landfill gas, and industrial processing plants.
“This announcement highlights our continued commitment to providing sustainable technology solutions that contribute to the expansion of the energy grid, while also improving the environment by controlling and eliminating hazardous air pollutants,” noted P. Peter Pascali, President and CEO of PyroGenesis. “Our engineering skills and technologies are crucial to projects like this, where transforming organic waste to energy helps (i) introduce more capacity to the grid, (ii) reduce landfills, and (iii) solve the energy transition challenges facing large urban areas. We are excited to kick off this initial project with this internationally respected world-class customer, and we look forward to developing this partnership to drive innovation and address the pressing energy and environmental challenges of our times.”
It is expected that this contract will be completed in 2025.
Pyro Green-Gas’ development of various technologies for use in gas flaring and renewable natural gas production are part of the Company’s three-tiered solution ecosystem that aligns with economic drivers that are key to global heavy industry. Flaring technologies are part of the Company’s Energy Transition & Emissions Reduction tier, where gas purification, separation and conversion technologies, and fuel switching utilize the Company’s electric-powered plasma torches, helps heavy industry reduce greenhouse gas emissions and fossil fuel use. The other tiers are Waste Remediation, and Commodity Security and Optimization.
About Pyro Green-Gas Inc.
Pyro Green-Gas Inc. 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 emissions from landfills.
About PyroGenesis Inc.
PyroGenesis, a high-tech company, is a proud 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. PyroGenesis’ shares are publicly traded on the TSX in Canada (TSX: PYR), the OTCQX in the US (OTCQX: PYRGF), and the Frankfurt Stock Exchange in Germany (FRA: 8PY).
Cautionary and Forward-Looking Statements
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance.
Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by PyroGenesis as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under “Risk Factors” in PyroGenesis’ latest annual information form, and in other periodic filings that it has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under PyroGenesis’ profile on SEDAR+ at www.sedarplus.ca. These factors are not intended to represent a complete list of the factors that could affect PyroGenesis. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. PyroGenesis undertakes no obligation to publicly update or revise any forward-looking statement, 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 OTCQX Best Market accepts responsibility for the adequacy or accuracy of this press release.
For further information please contact:
Rodayna Kafal, Vice President, IR/Comms. and Strategic BD
E-mail: ir@pyrogenesis.com
http://www.pyrogenesis.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d8819022-5013-44c2-994e-784b1662a8b3
FAQ
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