PyroGenesis Canada announced that its subsidiary, Pyro Green-Gas has successfully completed the Integrated Cold Test under a previously announced $9.3M project with a key client, one of the world’s top diversified steel producers. Under the terms of this project, Pyro Green-Gas has been mandated to supply coke oven gas purification solutions and hydrogen production processes that have combined the potential to allow for the extracting of hydrogen with a 99.999% purity level and improve the client’s environmental outcome. With the implementation of Pyro Green-Gas’ hydrogen extraction technology, the client would be able to rely on a cleaner energy source for its annealing, galvanizing and acid recovery processes, furthering its efforts to reduce its carbon footprint. "Our achievement in completing this milestone demonstrates our unwavering commitment to delivering innovative solutions that not only meet the needs of our clients but also contribute to a more sustainable future," said P. Peter Pascali, CEO and President of PyroGenesis. "We are excited to be working this renowned industry leader on an important project and are confident that our innovative technology will help them to meet their sustainability goals while improving operational efficiency." The next target milestone, once fully commissioned, is the completion of Performance Acceptance Certificate, which is anticipated to be done before the end of Q3 2023. The parties had previously mutually agreed to extend the duration of the project, which had previously been anticipated to end before 2023
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
See Insiders’ Hot Stocks on TipRanks >>
Read More on PYR:
- Pyro Green-Gas Completes Integrated Cold Test for Key Client
- PyroGenesis Announces 2022 Fourth Quarter and Year End Results
- PyroGenesis reports Q4 revenue $3.3M vs $7.2M last year
- PyroGenesis Schedules 2022 Fiscal Year Financial Results and Business Update Conference Call
- PyroGenesis announces Paterson joins company as General Counsel