Company Overview - PyroGenesis Inc. 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, commodity security, and waste remediation [1][6] - The company has developed proprietary, patented plasma technologies that are being adopted by major industry players across four significant markets: iron ore pelletization, aluminum, waste management, and additive manufacturing [6] Recent Developments - PyroGenesis has signed a contract worth US$871,000 (CAD$1,198,000) with a European cement industry customer for the supply of a plasma torch system for a calcination furnace [1] - The delivery of the plasma torch system is targeted for Q1 2026 [2] Industry Context - The cement industry is facing a critical need to transition to lower-emission energy sources, as it accounts for approximately 7% of total GHG emissions and up to 9% of human-caused CO2 emissions globally [9] - About 40% of emissions in cement production stem from fossil fuel combustion required for the calcination process, which is a significant contributor to the industry's overall carbon footprint [3][9] - The Global Cement and Concrete Association aims for a 20% reduction in 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 [9] Strategic Impact - The integration of PyroGenesis' plasma torches into calcination furnaces is expected to support the cement industry's goals of reducing GHG emissions and producing cleaner, "greener" cement [2][4] - The transition to plasma-based heating offers a scalable, emission-free, and more efficient alternative to traditional fossil fuel-based heating methods, aligning with broader energy transition and decarbonization efforts across multiple heavy industries [9]

MONTREAL, Aug. 06, 2025 (GLOBE NEWSWIRE) -- PyroGenesis Inc. (“PyroGenesis”) (http://pyrogenesis.com) (TSX:PYR) (OTCQX:PYRGF) (FRA:8PY1), a high-tech company that designs, develops, manufactures and commercializes all-electric plasma processes and sustainable solutions to support heavy industry in their energy transition, emission reduction, commodity security, and waste remediation efforts, today announces its financial and operating results for the second quarter ended June 30, 2025. “This quarter marked ...