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PyroGenesis Secures European Patent and New Contract for Plasma Torch Technology

Story Highlights
  • PyroGenesis receives a European patent for its technology to destroy ozone-depleting substances.
  • The company secures a $234,000 contract for methane conversion technology development.
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PyroGenesis Secures European Patent and New Contract for Plasma Torch Technology

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The latest announcement is out from PyroGenesis Canada ( (TSE:PYR) ).

PyroGenesis has received a European patent for its innovative Steam Plasma Arc Hydrolysis technology, designed to efficiently destroy ozone-depleting substances, thus strengthening its SPARC™ technology portfolio. This development supports the company’s efforts to expand its market presence in Europe and the Middle East while promoting environmentally sustainable solutions for hazardous waste management. Additionally, PyroGenesis secured a $234,000 contract with a European Research Center to design a methane plasma torch, furthering their role in developing sustainable chemical production processes.

More about PyroGenesis Canada

PyroGenesis Canada is a high-tech company specializing in advanced plasma processes and sustainable solutions aimed at reducing greenhouse gases and addressing environmental pollutants. The company focuses on creating innovative technologies for managing hazardous waste and improving sustainability in various industries.

YTD Price Performance: -1.64%

Average Trading Volume: 66,415

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$110.5M

For a thorough assessment of PYR stock, go to TipRanks’ Stock Analysis page.

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