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PyroGenesis says full impact of its plasma torches to replace burners is 'at the tip of the iceberg'

PyroGenesis Canada Inc (CVE:PYR) (OTCQB:PYRNF) CEO Peter Pascali tells Proactive it has completed the first phase of testing one of its plasma torches at a clients industrial iron pelletization furnace as part of a multiphase contract to ultimately replace its existing fossil fuel burners.

Pascali says the company has been in conversations with other players in this industry, saying this is a 'huge' development in PyroGenesis' history, as he says he believes its full impact to replace burners is 'at the tip of the iceberg.'

Quick facts: PyroGenesis Canada Inc.

Price: - CAD

TSX-V:PYR
Market: TSX-V
Market Cap: -
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PyroGenesis Canada to supply plasma torch for $1.8M with major iron ore producer

PyroGenesis Canada Inc (CVE:PYR) (OTCQB:PYRNF) (FRA:8PY) CEO Peter Pascali tells Proactive the group has signed an initial contract to provide a high-powered, one-megawatt plasma torch with accessories to a major iron ore producer for around $1.8 million. Pascali says the Montreal-based...

10 hours, 39 minutes ago

2 min read