PyroGenesis Announces MOU Toward Joint Venture for Commercial Scale Fumed Silica Plant

Core Viewpoint - PyroGenesis Inc. is set to build a commercial fumed silica reactor for USD 20 million in collaboration with HPQ Silicon Inc. and a joint venture partner, aiming to produce 1,000 tonnes per year of fumed silica [1][2][3] Company Overview - PyroGenesis is a leader in ultra-high temperature processes and engineering innovation, specializing in plasma-based technology for heavy industry and defense [1][14] - The company has a 35-year history in plasma technology and is involved in various sectors including aluminum, aerospace, and environmental services [14] Joint Venture Details - A non-binding memorandum of understanding (MOU) has been signed to form a joint venture (JV) for the fumed silica production plant [1][2] - The fumed silica reactor (FSR) will be financed by the JV partner, with terms yet to be finalized [2][3] - The JV will operate the system with the goal of selling fumed silica at market prices, and HSPI will charge a royalty for each kilogram sold [3][5] Production and Technology - The FSR will convert quartz into fumed silica in an eco-friendly process without harmful chemicals, expected to be delivered within 12 months of JV formation [6][11] - The technology aims to lower capital and operating costs, reduce CO2 emissions, and simplify logistics by producing fumed silica at a single location [13] Market Context - Fumed silica is widely used in various products, including cosmetics, pharmaceuticals, and construction materials, serving as a thickening and anti-caking agent [12] - The demand for fumed silica is expected to grow, positioning the JV to capture opportunities in the advanced materials market [16]