PyroGenesis Signs 2-Stage Contract for a Land-Based Plasma Waste-to-Energy System
PyroGenesis Canada Inc. (TSX:PYR) (OTCQX:PYRGF) has signed a 2-stage contract for a land-based Plasma Waste-to-Energy System with a European consortium. The first stage, a $2 million conceptual and preliminary design phase, starts in Q3 2024 and will last up to one year. If successful, the project's second stage could range between $120-160 million.
The system is based on PyroGenesis' Plasma Resource Recovery System (PRRS), which transforms various types of waste into valuable products like syngas, methanol, and construction materials. This technology aims to eliminate toxic compounds and reduce the need for landfills while producing clean energy.
The increasing interest in PRRS is driven by stricter European legislation on high carbon footprint technologies. PyroGenesis expects to meet the design phase requirements and replicate the project's success in other regions facing carbon emissions and landfill challenges.
PyroGenesis Canada Inc. (TSX:PYR) (OTCQX:PYRGF) ha firmato un contratto in 2 fasi per un sistema di energia da rifiuti a plasma terrestre con un consorzio europeo. La prima fase, una fase di progettazione concettuale e preliminare da 2 milioni di dollari, avrà inizio nel terzo trimestre del 2024 e durerà fino a un anno. Se avrà successo, la seconda fase del progetto potrebbe oscillare tra 120 e 160 milioni di dollari.
Il sistema si basa sul Plasma Resource Recovery System (PRRS) di PyroGenesis, che trasforma vari tipi di rifiuti in prodotti preziosi come syngas, metanolo e materiali da costruzione. Questa tecnologia mira a eliminare composti tossici e ridurre la necessità di discariche, producendo al contempo energia pulita.
L'interesse crescente per il PRRS è guidato da normative europee più severe sulle tecnologie ad alta impronta di carbonio. PyroGenesis si aspetta di soddisfare i requisiti della fase di progettazione e replicare il successo del progetto in altre regioni che affrontano sfide legate alle emissioni di carbonio e alle discariche.
PyroGenesis Canada Inc. (TSX:PYR) (OTCQX:PYRGF) ha firmado un contrato de 2 etapas para un sistema de energía a partir de residuos a base de plasma con un consorcio europeo. La primera etapa, una fase de diseño conceptual y preliminar de 2 millones de dólares, comenzará en el tercer trimestre de 2024 y durará hasta un año. Si tiene éxito, la segunda etapa del proyecto podría oscilar entre 120 y 160 millones de dólares.
El sistema se basa en el Plasma Resource Recovery System (PRRS) de PyroGenesis, que transforma varios tipos de residuos en productos valiosos como syngás, metanol y materiales de construcción. Esta tecnología tiene como objetivo eliminar compuestos tóxicos y reducir la necesidad de vertederos, produciendo al mismo tiempo energía limpia.
El creciente interés en el PRRS está impulsado por una legislación europea más estricta sobre tecnologías con alta huella de carbono. PyroGenesis espera cumplir con los requisitos de la fase de diseño y replicar el éxito del proyecto en otras regiones que enfrentan desafíos relacionados con las emisiones de carbono y los vertederos.
PyroGenesis Canada Inc. (TSX:PYR) (OTCQX:PYRGF)는 유럽 컨소시엄과 함께 2단계 계약을 체결하여 육상 플라즈마 폐기물 에너지 시스템을 개발합니다. 첫 단계인 200만 달러 규모의 개념 및 초기 설계 단계는 2024년 3분기에 시작되어 최대 1년 동안 지속될 예정입니다. 성공할 경우 프로젝트의 두 번째 단계는 1억 2천만에서 1억 6천만 달러에 이를 수 있습니다.
이 시스템은 PyroGenesis의 플라즈마 자원 회수 시스템(PRRS)을 기반으로 하며, 다양한 유형의 폐기물을 합성가스, 메탄올 및 건축 자재와 같은 귀중한 제품으로 변환합니다. 이 기술은 독성 화합물을 제거하고 매립지에 대한 필요성을 줄이는 동시에 청정 에너지를 생산하는 것을 목표로 합니다.
PRRS에 대한 관심이 높아지는 이유는 높은 탄소 발자국 기술에 대한 유럽의 더 강력한 규제 때문입니다. PyroGenesis는 설계 단계 요건을 충족하고 탄소 배출 및 매립지 문제에 직면한 다른 지역에서 프로젝트의 성공을 복제할 것으로 기대합니다.
PyroGenesis Canada Inc. (TSX:PYR) (OTCQX:PYRGF) a signé un contrat en 2 étapes pour un système de conversion de déchets en énergie à plasma terrestre avec un consortium européen. La première étape, une phase de conception conceptuelle et préliminaire de 2 millions de dollars, débute au troisième trimestre de 2024 et durera jusqu'à un an. Si cela réussit, la deuxième étape du projet pourrait se chiffrer entre 120 et 160 millions de dollars.
Le système est basé sur le Plasma Resource Recovery System (PRRS) de PyroGenesis, qui transforme divers types de déchets en produits précieux comme le syngaz, le méthanol et des matériaux de construction. Cette technologie vise à éliminer les composés toxiques et à réduire le besoin de décharges tout en produisant une énergie propre.
L'intérêt croissant pour le PRRS est motivé par des législations européennes plus strictes concernant les technologies à forte empreinte carbone. PyroGenesis s'attend à répondre aux exigences de la phase de conception et à reproduire le succès du projet dans d'autres régions confrontées aux défis des émissions de carbone et des décharges.
PyroGenesis Canada Inc. (TSX:PYR) (OTCQX:PYRGF) hat einen 2-Phasen-Vertrag für ein landbasiertes Plasma-Abfall-zu-Energie-System mit einem europäischen Konsortium unterzeichnet. Die erste Phase, eine 2-Millionen-Dollar konzeptionelle und vorläufige Entwurfsphase, beginnt im 3. Quartal 2024 und dauert bis zu einem Jahr. Wenn sie erfolgreich ist, könnte die zweite Phase des Projekts zwischen 120 und 160 Millionen Dollar liegen.
Das System basiert auf dem Plasma Resource Recovery System (PRRS) von PyroGenesis, das verschiedene Arten von Abfall in wertvolle Produkte wie Synthesegas, Methanol und Baumaterialien umwandelt. Diese Technologie zielt darauf ab, giftige Verbindungen zu eliminieren und den Bedarf an Deponien zu reduzieren, während gleichzeitig saubere Energie erzeugt wird.
Das zunehmende Interesse an PRRS wird durch strengere europäische Vorschriften für Technologien mit hoher Kohlenstoffbilanz angetrieben. PyroGenesis erwartet, die Anforderungen der Entwurfsphase zu erfüllen und den Erfolg des Projekts in anderen Regionen zu replizieren, die mit Kohlenstoffemissionen und Deponieproblemen konfrontiert sind.
- Secured a $2 million contract for the first stage of a potentially larger project
- Potential for a $120-160 million second stage contract if successful
- Increasing demand for PRRS technology due to stricter environmental regulations in Europe
- PRRS technology offers multiple revenue streams through various valuable by-products
- Second stage of the contract is subject to final financing allocation and terms
- Project success and full contract value are not guaranteed
MONTREAL, July 29, 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), is pleased to announce that, further to its news release dated July 2, 2024, it has signed a 2-stage contract to complete a land-based Plasma Waste-to-Energy System for a European entity. The first stage consists of a conceptual and preliminary design phase for approximately
PyroGenesis’ PRRS system is designed to process municipal solid waste (MSW), industrial waste, and hazardous waste (liquid, solid, and sludge), transforming such into commercially valuable products, which include gaseous fuel for electricity and heat generation, slag, aggregates suitable for construction, and recoverable metals for recycling. Based on technology originally developed by the Company for the US Department of Defense, the PRRS harnesses the power of plasma to provide industry, municipalities and the defense sector with a comprehensive, all-encompassing solution to waste management, while producing much-needed clean energy to meet that growing need. The flexible, versatile PRRS platform can process virtually any form of waste and generate clean energy and marketable construction materials, eliminating the need for landfills. The PRRS is available in capacities ranging from 1 to 100 metric tonnes per day of processing. The client intends to use the Plasma Waste-to-Energy System to transform MSW into both energy and chemical products.
“As European legislation concerning high carbon footprint/emission technologies, such as incineration, continues to become more restrictive, we are seeing a parallel uptick in interest in our PRRS and similar systems. This was not the first request for proposal we had received for similar sized systems from Europe,” says P. Peter Pascali, President and CEO of PyroGenesis. “We are extremely confident that we will be able to meet the requirement set out in the design phase, and moreover we look forward to successfully completing this project and replicating the result wherever carbon emissions and landfills are under pressure.”
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.
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 the Company 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 the Company’s latest annual information form, and in other periodic filings that the Company has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under the Company’s profile on SEDAR+ at www.sedarplus.ca. These factors are not intended to represent a complete list of the factors that could affect the Company. 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. The Company undertakes no obligation to publicly update or revise any forward-looking statement, except as required by applicable securities laws.
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For further information please contact:
Rodayna Kafal, Vice President, IR/Comms. and Strategic BD
E-mail: ir@pyrogenesis.com
RELATED LINK: http://www.pyrogenesis.com/
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