Pyro Green-Gas completes integrated cold test for a client
by CM Staff
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.
MONTREAL — PyroGenesis Canada Inc., a high-tech company that manufactures and commercializes advanced plasma processes and sustainable solutions to reduce greenhouse gases, announced that its subsidiary, Pyro Green-Gas has successfully completed the Integrated Cold Test (ICT) under a previously announced $9.3M project with a key client, a diversified steel producer.
Under the terms of this project, Pyro Green-Gas has been mandated to (i) supply coke oven gas purification solutions and (ii) 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.
The ICT achievement marks a milestone towards the completion of the project. The successful demonstration of Pyro Green-Gas coke oven gas purification and hydrogen extraction processes during the ICT confirms that all systems, equipment and their components meet and exceed the required operation and safety standards.
“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 Mr. 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 (PAC), 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.
The ICT achievement triggers an aggregate milestone payment of $460,000, which is expected to be received in the coming weeks. The balance for this project (approximately $920,000) would be earned upon the completion of two final milestones, namely obtaining the PAC and completing the post performance bond.
