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PyroGenesis Canada Inc
Symbol PYR
Shares Issued 167,389,455
Close 2021-09-21 C$ 5.35
Recent Sedar Documents

PyroGenesis unit wins $5M contract for biogas system

2021-09-22 14:51 ET - News Release

Mr. Peter Pascali reports

PYROGENESIS' SUBSIDIARY, PYRO GREEN-GAS, SELECTED TO SUPPLY $5MILLION (MIN.) LANDFILL BIOGAS PURIFICATION SYSTEM

PyroGenesis Canada Inc.'s Pyro Green-Gas (formerly known as AirScience Technologies Inc. (AST)) has been selected to supply its landfill biogas purification system to Carbonaxion Bioenergies Inc., the promoter of the GNR Neuville project, which is being developed at the environmental complex of the Regie regionale de gestion des matieres residuelles de Portneuf, located in Quebec, Canada. The Regie is a municipal organization that manages the residual materials of 24 municipalities.

Carbonaxion Bioenergies previously entered into an agreement with the Regie to build, own and operate a landfill gas plant that will convert the waste from the Neuville landfill site into a renewable natural gas (RNG) over the next 20 years. Carbonaxion then selected Pyro Green-Gas as the supplier of the biogas purification system. The contract has an expected value in excess of $5-million and is expected to be fully commissioned in the first half of 2023.

The technologies to be provided by Pyro Green-Gas as part of this landfill gas purification project include desulphurization, dehydration, decarbonization, nitrogen removal and oxygen depletion, all geared to produce a biomethane suitable to be incorporated into a gas pipeline owned by Energir, the largest natural gas distribution company in Quebec.

The biogas purification unit at the Neuville site is expected to produce an average of 1.8 million cubic metres of biomethane (or RNG) per year, which will be injected into Energir's gas network. Previously, the biogas produced from the decomposition of organic waste at the landfill was collected and destroyed by flaring. As a result, this project is expected to reduce 3,500 tonnes of greenhouse gases (GHGs) per year, equivalent of removing 1,000 cars from the road every single year.

"We are pleased to announce this important milestone less than one month after closing the strategic acquisition of AST," said Mr. P. Peter Pascali, president and chair of PyroGenesis. "Today's announcement is a confirmation of the strategic decision behind the acquisition and of the reputation of Pyro Green-Gas's environmental technologies within the RNG market. Being chosen to supply this landfill gas purification equipment unit to Carbonaxion Bioenergies represents further validation of the technology and its value proposition to our customers. We believe there is significant demand for upgrading biogas facilities worldwide, particularly given the legislative trend across North America towards regulating minimum amounts of RNG to be incorporated within gas pipelines."

Rejean Carrier, president and co-founder of Carbonaxion Bioenergies, stated: "PyroGenesis and AirScience Technologies are ideal partners for Carbonaxion, as they share our vision to promote and integrate sustainable solutions aimed at reducing GHGs and decarbonizing our economy. We look forward to deploying Pyro Green-Gas's proprietary technologies that will not only significantly reduce GHGs, but will also transform an expense into a revenue stream for the municipalities concerned over the next 20 years."

About PyroGenesis Canada Inc.

PyroGenesis Canada is a leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions that reduce greenhouse gases and are economically attractive alternatives to conventional dirty processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion-dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, as well as its 3,800-square-metre and 2,940-square-metre manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997.

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