PyroGenesis Signs $1.3 Million Energy Transition Contract

Core Insights - PyroGenesis Inc. has signed a contract worth EUR815,000 (CAD$1,324,000) with a European cement industry customer for a plasma torch system aimed at electrifying a calcination furnace [1] - The project supports the cement industry's goals to reduce emissions and produce cleaner cement [2][3] Project Highlights - The purpose of the project is to utilize an electric plasma torch for a more efficient and cleaner high-temperature calcination process [2] - The delivery of the plasma technology to the client is targeted for early Q3 2026 [2] - The project aims to demonstrate that electric heating can replace fossil fuel combustion in cement production [3] Industry Context - The cement industry is under pressure to adopt cleaner technologies, as fossil fuel combustion accounts for approximately 40% of greenhouse gas emissions in cement production [4][10] - The Global Cement and Concrete Association has set targets for a 20% reduction of CO2 emissions per metric ton of cement and a 25% reduction per cubic meter of concrete by 2030, with a goal of complete decarbonization by 2050 [10] Company Overview - PyroGenesis has over 34 years of experience in plasma technology and provides advanced engineering solutions across various heavy industries [8] - The company is ISO 9001:2015 and AS9100D certified, indicating a commitment to quality and operational excellence [8]