PyroGenesis Signs $725,000 Contract with Global Environmental Services Company

Rhea-AI Summary

PyroGenesis has announced that its subsidiary, Pyro Green-Gas, has secured a US$511,000 (CA$725,000) contract with a major global environmental services company for a large U.S. waste-to-energy project. This follows a $2.5 million contract from January 27, 2025, for gas flaring components.

The new contract involves engineering, design, fabrication, and delivery of condensate pots for biogas cleaning and purification. These components will be installed at a U.S.-based organic waste-to-energy facility producing pipeline-quality natural gas for a major metropolitan area. The condensate pots will prevent water-related blockages and corrosion in biogas production infrastructure.

The project aims to expand the energy grid while reducing landfills and addressing energy transition challenges in urban areas. The contract is expected to be completed in 2025 and is part of PyroGenesis's Energy Transition & Emissions Reduction solutions.

Positive

• New US$511,000 contract secured, following a recent $2.5M contract
• Contract with major global environmental services company strengthens market position
• Technology contributes to renewable energy production and grid expansion

Negative

• None.

Additional contract for large U.S. waste-to-renewable gas facility

MONTREAL, Feb. 18, 2025 (GLOBE NEWSWIRE) -- PyroGenesis Inc. (“PyroGenesis”) (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY1), 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$511,000 (approx. CA$725,000) with one of the world’s largest integrated environmental services companies as part of a large urban waste-to-energy project. This contract is in addition to the $2.5 million contract announced last month on January 27, 2025 for the design and delivery of gas flaring components. The client is a multi-national, multi-billion-dollar revenue client that provides services to public utilities in dozens of countries worldwide, and whose name shall remain confidential for contractual and competitive reasons.

This contract is for engineering, design, fabrication, and delivery of a large array of components related to biogas cleaning and purification. As with the previously announced contract, the technology will be installed at a large U.S.-based organic waste-to-energy 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.

Pyro Green-Gas will be supplying components known as condensate pots that will be strategically placed within the biogas production infrastructure to collect and separate water from the biogas. When biogas is produced from landfill biomass, it is comprised of methane, carbon dioxide (CO₂), hydrogen sulfide (H₂S), and water vapour. The water vapour can condensate and cause blockages and problems with the gas flow in the gas lines. In addition to affecting production rates from the resulting downtime, removal of these blockages can be both time-consuming and expensive. Water saturated biogas can also result in corrosion of pipework and other mechanical equipment which often can be expensive to repair or replace. Condensate pots prevent these problems from occurring.

“This additional contract with this highly regarded global leader in environmental services showcases the long-standing ability of our team of engineers to deepen relationships with key players across a variety of heavy industries,” noted P. Peter Pascali, President and CEO of PyroGenesis. “As I said previously, this project 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. 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.”

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: 8PY1).

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

FAQ

What is the value of PyroGenesis's (PYRGF) new contract announced in February 2025?

PyroGenesis secured a US$511,000 (CA$725,000) contract for biogas cleaning and purification components.

What is the total contract value for PYRGF's waste-to-energy project in 2025?

The total contract value is approximately $3.2 million, combining the new $725,000 contract with the previous $2.5 million contract from January 2025.

What technology is PyroGenesis (PYRGF) providing in their latest waste-to-energy contract?

PyroGenesis is providing condensate pots for biogas cleaning and purification, which prevent water-related blockages and corrosion in biogas production infrastructure.

When will PyroGenesis (PYRGF) complete the new $725,000 waste-to-energy contract?

The contract is expected to be completed in 2025.

What is the purpose of PYRGF's waste-to-energy facility project?

The facility will produce pipeline-quality natural gas that can be added to the natural gas supply for a major U.S. metropolitan area, while reducing landfills and addressing energy transition challenges.