TSX:HPQ

PyroGenesis Announces Intent to Exercise Option to Purchase 50% of HPQ Silica Polvere

Retrieved on: 
Thursday, May 30, 2024
GHG, News, Silicon, HPQ, Exercise, FRA, Silicon dioxide, Engineering, Pollution, 0 A.D. (video game), Quartz, TPY, Agriculture, TSX, Adhesive, Development, FSR, Greenhouse, Cement

In accordance with the Development and Purchase Agreement, HPQ and PyroGenesis shall now negotiate and draft a shareholders’ agreement.

Key Points: 
  • In accordance with the Development and Purchase Agreement, HPQ and PyroGenesis shall now negotiate and draft a shareholders’ agreement.
  • “The technology developed by PyroGenesis for HPQ Polvere is designed to offer significant economic and environmental advantages over conventional manufacturers – improving profitability, but also reducing the environmental footprint and reducing the harmful chemicals associated with traditional fumed silica production.
  • The FSR, if successful, could provide a groundbreaking contribution to the repatriation of silica production to North America.
  • PyroGenesis’ involvement in developing fumed silica from quartz is part of PyroGenesis’ three-tiered solution ecosystem that aligns with economic drivers that are key to global heavy industry.

PyroGenesis Announces Improved Economics for Fumed Silica Reactor Project

Retrieved on: 
Thursday, January 11, 2024
Hydrogen, Literature, Electricity, Safety, Carbon, Pollution, Greenhouse, Oxygen, TPY, Use, Silicon, CO2, Kilowatt-hour, Health, Fumed silica, FSR, AN, PCC, CAD, Hydro-Québec, TSX, Siloxane, HPQ, 0 A.D. (video game), Silicon tetrachloride, Economics, Silicon dioxide, GHG, Payback, FRA, Fine chemical

As stated in PyroGenesis’ news release dated November 9, 2023 , the production of the fumed silica reactor pilot plant is already underway, with a planned completion by Q2 2024.

Key Points: 
  • As stated in PyroGenesis’ news release dated November 9, 2023 , the production of the fumed silica reactor pilot plant is already underway, with a planned completion by Q2 2024.
  • The FSR, another plasma-based process developed by PyroGenesis, converts quartz into commercial-grade fumed silica (or Pyrogenic Silica) in a single and eco-friendly step.
  • PyroGenesis’ involvement in developing fumed silica from quartz is part of PyroGenesis’ three-tiered solution ecosystem that aligns with economic drivers that are key to global heavy industry.
  • Management has calculated the Payback for the Fumed Silica Reactor (FSR) based on operational data accumulated over the years.

PyroGenesis Announces 2023 Second Quarter Results

Retrieved on: 
Friday, August 11, 2023

MONTREAL, Aug. 10, 2023 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. ( http://pyrogenesis.com ) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG), is pleased to announce today its financial and operational results for the second quarter ended June 30, 2023.

Key Points: 
  • MONTREAL, Aug. 10, 2023 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. ( http://pyrogenesis.com ) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG), is pleased to announce today its financial and operational results for the second quarter ended June 30, 2023.
  • In Q2 2023, PyroGenesis continued its focus on advancing its updated business strategy that was first outlined in the Company’s 2022 fourth quarter and year-end results.
  • PyroGenesis’ SPL remediation technology has now advanced to the point where full participation of Alouette in partnership with PyroGenesis has commenced.
  • PyroGenesis recorded revenue of $3.0 million in the second quarter of 2023 (“Q2, 2023”), representing a decrease of $2.8 million compared with $5.8 million recorded in the second quarter of 2022 (“Q2, 2022”).

Important Achievement in Silicon Production Process for HPQ Silicon Using PyroGenesis’ PUREVAP Quartz Reduction Reactor

Retrieved on: 
Thursday, June 1, 2023
Quartz, HPQ, QRR, GHG, FRA, Air Liquide, Silicon, 0 A.D. (video game), TSX, Greenhouse, News, Fused quartz

“We are pleased to confirm the test results announced earlier today by HPQ”, said Mr. P. Peter Pascali, CEO and President of PyroGenesis.

Key Points: 
  • “We are pleased to confirm the test results announced earlier today by HPQ”, said Mr. P. Peter Pascali, CEO and President of PyroGenesis.
  • Subject to this additional testing and planning, HPQ will then determine the number of PUREVAP QRR systems required for the construction of a full commercial plant.
  • As noted previously , HPQ believes that, based on what is known today, at least two PUREVAP QRR systems, with each reactor capable of producing 2,500 MT of high-purity silicon per year, would be required.
  • PyroGenesis and HPQ have estimated the cost of each PUREVAP QRR system to be at least $20 million.

PyroGenesis Announces 2023 First Quarter Results

Retrieved on: 
Tuesday, May 16, 2023

The information below represents important highlights from the past quarter, followed by an outline of the company’s strategy and outlook for the next quarter.

Key Points: 
  • The information below represents important highlights from the past quarter, followed by an outline of the company’s strategy and outlook for the next quarter.
  • In Q1 2023, PyroGenesis focused on advancing its updated business strategy that was first outlined in the Company’s 2022 fourth quarter and year-end results.
  • With Mr. Curleigh’s return, Mr. P. Peter Pascali stepped down as Chair of PyroGenesis to pursue his regular duties as CEO, President and Director of PyroGenesis.
  • As at March 31, 2023, the Company had cash of $1.9 million, included in the net working capital of $0.8 million.

PyroGenesis Provides Update on the PUREVAP™ QRR Project with HPQ Silicon Inc.

Retrieved on: 
Thursday, February 2, 2023
Quartz, Carbon, FRA, TSX, Silicon dioxide, HPQ, QRR, Silicon, 0 A.D. (video game), Greenhouse, GHG, Pollution, News, Fine chemical

The process testing referred to in the HPQ press release dated January 19th, 2023 , is moving forward as expected and represents, in management’s opinion, a key development in the overall project.

Key Points: 
  • The process testing referred to in the HPQ press release dated January 19th, 2023 , is moving forward as expected and represents, in management’s opinion, a key development in the overall project.
  • In addition to this, the subsequent commercial systems required by HPQ for commercialization would be manufactured by PyroGenesis.
  • Although these current tests and the subsequent engineering study will determine the profitability of the project, they will also determine the exact number of reactors required.
  • As part of the terms of the contract with HPQ, PyroGenesis benefits from a royalty payment representing 10% of the Client’s sales, with set minimums.