PyroGenesis signs $2.5-MM contract with global environmental services company
PyroGenesis, a high-tech company that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, announces that its subsidiary, Pyro Green-Gas Inc., has signed a contract totaling $1.74 MM with one of the world’s largest integrated environmental services companies as part of a large urban waste-to-energy project. An initial payment of $276,000 has been received. The multi-national, multi-billion-dollar revenue client provides services to public utilities in dozens of countries worldwide. The client’s name is being withheld for competitive and confidentiality reasons.
The contract is for the engineering, design, and delivery of components related to gas flaring, that provides for the safe and environmentally friendly removal of peripheral emissions considered unworthy of processing during the production of renewable natural gas (RNG). The technology will be installed at a large US-based organic waste-to-RNG facility, which was built to produce pipeline-quality natural gas that can be added to the natural gas supply for a major U.S. metropolitan area.
“This announcement highlights our continued commitment to providing sustainable technology solutions that contribute to the expansion of the energy grid, while also improving the environment by controlling and eliminating hazardous air pollutants,” said P. Peter Pascali, President and CEO of PyroGenesis. “Our engineering skills and technologies are crucial to projects like this, where transforming organic waste to energy helps introduce more capacity to the grid, reduce landfills, and solve the energy transition challenges facing large urban areas. We are excited to kick off this initial project with this internationally respected world-class customer, and we look forward to developing this partnership to drive innovation and address the pressing energy and environmental challenges of our times.”
It is expected that this contract will be completed in 2025.
Pyro Green-Gas’ development of various technologies for use in gas flaring and renewable natural gas production are part of the Company’s three-tiered solution ecosystem that aligns with economic drivers that are key to global heavy industry. Flaring technologies are part of the company’s energy transition and emissions reduction tier, where gas purification, separation and conversion technologies, and fuel switching utilize the Company’s electric-powered plasma torches, helps heavy industry reduce greenhouse gas emissions and fossil fuel use. The other tiers are Waste Remediation, and Commodity Security and Optimization.
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