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PyroGenesis Continues Key Role in Varennes Carbon Recycling Amidst Financial Restructuring

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PyroGenesis Continues Key Role in Varennes Carbon Recycling Amidst Financial Restructuring

PyroGenesis Canada ( (TSE:PYR) ) has shared an update.

PyroGenesis Inc. has provided an update on its role in the Varennes Carbon Recycling project, where its subsidiary, Pyro Green-Gas, is involved in the engineering, design, and fabrication of a Thermal Swing Adsorption system. Despite Varennes Cellulosic Ethanol LP, the managing entity of the project, filing for protection under the Companies’ Creditors Arrangement Act due to liquidity issues, PyroGenesis remains a key supplier. The company is expected to continue its work and receive timely payments, with hopes that the restructuring process will ensure the project’s continuation.

More about PyroGenesis Canada

PyroGenesis Inc. is a high-tech company that specializes in designing, developing, manufacturing, and commercializing all-electric plasma processes and sustainable solutions. The company focuses on supporting heavy industry in energy transition, emission reduction, commodity security, and waste remediation. PyroGenesis operates in four major markets: iron ore pelletization, aluminum, waste management, and additive manufacturing, and is known for its advanced plasma technologies.

YTD Price Performance: -6.56%

Average Trading Volume: 63,150

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: C$108.3M

Find detailed analytics on PYR stock on TipRanks’ Stock Analysis page.

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