tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Constellium, PyroGenesis sign contract for aluminum furnace electrification

PyroGenesis has signed an additional contract with Constellium (CSTM) for the purchase of plasma torch technology and related peripheral components to be implemented in an aluminum remelting furnace as part of a broader decarbonization effort. The financial terms of the contract will remain confidential. This contract marks the launch of Phase 2 of the project – industrial implementation – as part of the two companies’ collaboration agreement of April 2024. The collaborative agreement outlined Constellium’s stated plan to use PyroGenesis plasma torches and associated processes as potential replacement heating sources for aluminum remelting furnaces in Constellium’s aluminum cast houses.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1