Core Insights - PyroGenesis Inc. has successfully completed a $9.3 million coke-oven gas valorization and hydrogen production project for Tata Steel, enhancing sustainability and efficiency in steel production [1][2][4] Company Overview - PyroGenesis is a high-tech company specializing in advanced all-electric plasma processes and sustainable solutions aimed at supporting heavy industry in energy transition, emission reduction, and waste remediation [1][8] - The company operates through its subsidiary, Pyro Green-Gas Inc., which focuses on technologies for biogas upgrading and air pollution controls, including coke-oven gas purification [7][8] Project Details - The project involved the purification of coke-oven gas and hydrogen production, achieving a hydrogen purity level of 99.999% [2] - The systems installed at Tata Steel's Kalinganagar facility operate continuously, purifying 32,000 cubic meters of coke-oven gas per hour and extracting 620 cubic meters of hydrogen per hour [6] Industry Context - The steel industry heavily relies on blast furnaces, with over 1,400 in operation globally, and 70% of planned new steel projects expected to utilize this method, indicating a sustained demand for effective coke-oven gas cleaning solutions [5][6] - The project aligns with Tata Steel's circular production goals and cost reduction initiatives, showcasing the economic drivers for adopting such technologies in heavy industry [2][6] Technological Innovations - PyroGenesis has integrated advanced solutions, such as water-injected compressors, to prevent oil contamination during hydrogen processing, further enhancing sustainability in steelmaking [4][6] - The company's coke-oven gas cleaning solutions are part of a broader ecosystem aimed at reducing energy costs, fossil fuel use, and emissions in heavy industry [6]

Road Safety & Infrastructure - India's roads pose significant dangers, particularly for pedestrians [1] - Improving roads can accelerate travel speeds [1] - Road improvements can reduce noise pollution and emissions [1] - Enhanced road infrastructure can boost productivity [1]

Rio Grande LNG Project Overview - Phase 1 (Trains 1-3) is fully funded and under construction, with a final investment decision (FID) achieved on July 12, 2023, for 17.6 MTPA of liquefaction capacity[12, 13] - Phase 1 secured $18.4 billion in project financing concurrently with FID[13] - Total equity commitments for Phase 1 amount to $6.1 billion, with NextDecade's equity commitment at approximately $283 million[17] - Project debt financing for Phase 1 totals $12.3 billion, including $11.1 billion in construction term loan facilities[17] - Over 90% of Phase 1 liquefaction capacity is supported by fixed-fee long-term LNG Sales and Purchase Agreements (SPAs)[17] Expansion Plans and Financing - NextDecade expects to fund 40% of equity financing required for each of Train 4 and Train 5, for an expected initial economic interest of 40%, increasing to 60% when equity partners receive certain returns[23] - TotalEnergies holds LNG purchase options for 1.5 MTPA in each of Trains 4 and 5 for 20-year free on board (FOB) LNG SPAs indexed to Henry Hub[24] - Approximately 3 MTPA of additional contracted volumes from Train 4 are expected to be needed to support project financing[26] Financial Transactions and Liquidity - NextDecade LNG, LLC entered into a $50 million senior secured revolving credit facility in January 2024 for general corporate purposes, including Train 4 development costs[27] - Rio Grande LNG, LLC (Rio Grande) entered into $251 million of senior secured loans in December 2023, reducing commitments under existing bank credit facilities for Phase 1[27] - Rio Grande issued $190 million of senior secured notes in a private placement transaction in February 2024, further reducing Phase 1 bank credit facility commitments[27] LNG Market and Demand - Estimated demand growth scenario calls for approximately 370 MTPA of incremental LNG supply by 2040[34] - Existing global regas infrastructure can accommodate a significant increase in LNG supply, with an additional ~370 MTPA of LNG supply expected to be needed by 2040[44] Carbon Capture and Storage (CCS) - Planned CCS project at Rio Grande LNG Facility expects to capture up to 5 million mta of CO2[109] - Approximately 650 U.S facilities reporting ≥1MM MTA of CO2 emissions, totaling ~1.75 billion MTA total CO2 emissions[99]

Green Finance Commitment - Absa Mauritius plans to increase funding for green projects nearly fourfold (almost 400%) by 2030 [1] Sustainability Goals - The increased funding aims to support Mauritius' emissions reduction goals [1] - The funding also supports efforts to mitigate climate change in Mauritius [1]

Climate Action Leaders - Highlights 12 individuals dedicated to reducing emissions and fostering a fairer future [1] - Focuses on climate champions working towards a more equitable future [1] Environmental Impact - Aims to cut emissions [1]

Meet the 12 climate champions working to cut emissions and create a more equitable future https://t.co/diS9Sf7PD3 ...

Financial Performance & Guidance - The company anticipates adjusted EPS for fiscal year 2025 to be between $675 and $705, assuming a NYMEX price of $350 [58] - At a NYMEX price of $400, the adjusted EPS guidance for fiscal year 2025 is $705 to $735 [58] - The company projects a consolidated 3-year adjusted EPS CAGR greater than 10% from fiscal year 2024 to 2027 [36, 56] - Approximately $650 million was returned to shareholders in the last 3 years [44] Capital Allocation & Investments - Capital expenditure guidance for fiscal year 2025 is between $885 million and $960 million [63] - The company has an ongoing share repurchase program, with $200 million authorized in March 2024 [48] - As of March 31st, the company had purchased approximately $115 million worth of shares, totaling 19 million shares at an average price of approximately $59 per share [48] - The company has invested over $1 billion in safety since 2010 [16] Operational Highlights & Strategy - Seneca Resources' current net production is approximately 12 Bcf/day [21] - The Utility segment in New York has approximately 541000 customers [26] - The Utility segment in Pennsylvania has approximately 214000 customers [26] - The company has reduced methane emissions by 17% since 2020 [11]

As filed with the Securities and Exchange Commission on July 3, 2024 Registration No. 333-279550 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CLEARSIGN TECHNOLOGIES CORPORATION Copies to: Blake Baron, Esq. Nimish Patel, Esq. Mitchell Silberberg & Knupp LLP 437 Madison Avenue New York, New York 10022 Phone: (212) 509-3900 (Exact name of registrant as specified in its charter) | Delaware | | --- | | ...