PyroGenesis - CEO, P. Peter Pascali.
CEO, P. Peter Pascali.
Source: PyroGenesis.
  • PyroGenesis (PYR) will introduce plasma torches into the aluminum upstream anode baking process
  • The company has undertaken a joint initiative with a global engineering and process optimization firm in the aluminum industry
  • The client will test PyroGenesis’ 150 KW plasma torch as a possible replacement for oil and gas burners in the carbon anode baking process
  • PyroGenesis Canada focuses on advanced plasma processes and sustainable solutions to reduce greenhouse gases
  • PyroGenesis (PYR) is up by 3.1 per cent trading at $3.32 per share

PyroGenesis (PYR) will introduce plasma torches into the aluminum upstream anode baking process.

The company has undertaken a joint initiative with a global applied engineering and process optimization firm in the aluminum industry. The name of the client remains anonymous for confidentiality reasons.

The client will evaluate PyroGenesis’ 150 KW plasma torch as a potential replacement for conventional oil and gas burners in carbon anode baking. A typical anode baking furnace of three fires requires 144 gas burners of 200 KW each.

Improving productivity and lowering emissions in the anode baking process is a key objective in the industry.

“Once again, we have yet another agreement underscoring the applicability, and timing, of PyroGenesis’ offerings within the aluminum industry,” said P. Peter Pascali, CEO and Chair of PyroGenesis. “The upstream opportunities are numerous and continue to provide additional opportunities for PyroGenesis’ plasma processes.”

PyroGenesis Canada focuses on advanced plasma processes and sustainable solutions to reduce greenhouse gases.

PyroGenesis (PYR) is up by 3.1 per cent trading at $3.32 per share as of 9:30 am EST.

More From The Market Online
PyroGenesis - PyroGenesis' STP torch for refrigerant destruction, hydrocracking and heating.

PyroGenesis receives two milestone payments totalling $970,000

PyroGenesis Canada (TSX:PYR) announces it has received two separate project milestone payments totalling C$970,000.

Buzz on the Bullboards: A recap of recent activity and stocks in focus

After a major sell-off, stock markets have been on edge, monitoring corporate earnings to gauge the direction of the economy.

Teck misses Q1 profit estimates on lower steelmaking coal sales

Canadian mining stock Teck Resources Ltd. (TSX:TECK.A and TECK.B; NYSE:TECK) misses Q1 profit estimates on Thursday.