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PyroGenesis Canada Inc
Symbol PYR
Shares Issued 170,125,795
Close 2022-06-02 C$ 3.88
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PyroGenesis to offer plasma torch in pilot system

2022-06-02 10:12 ET - News Release

Mr. Peter Pascali reports

PYROGENESIS ANNOUNCES PROJECT TO INTRODUCE PLASMA TORCHES INTO THE UPSTREAM ANODE BAKING PROCESS

Further to its press release dated April 20, which provided an update on its aluminum business offerings, PyroGenesis Canada Inc. has undertaken a joint initiative with a premier applied engineering and process optimization firm in the global aluminum industry. This agreement is focused on utilizing PyroGenesis's zero-emission plasma torches in carbon anode baking -- a vital upstream step in the aluminum production process. The name of the client remains anonymous for confidentiality reasons.

PyroGenesis's 150-kilowatt plasma torch will be placed inside a pilot system at the client's renowned research centre. This pilot system has been used to conduct optimization tests for many of the world's top aluminum producers.

The client is one of the world's leading consulting engineering firms specifically focused on the optimization and improvement of furnace and furnace combustion processes at aluminum plants. In particular, the client is focused on improving processes, lowering costs and improving the quality of carbon anodes -- the conductive material used in the electrolytic production of primary aluminum.

In aluminum production, a smelter needs approximately 425 kilograms (kg) of carbon anode -- which is consumed during the smelting process -- to produce one ton of primary aluminum. The demand for anodes is so significant that several stand-alone manufacturers of high-grade anodes, as well as anode baking systems, are on site at major aluminum producers and in constant operation -- baking new anodes of up to six feet in length and weighing 1.2 tons each. As a result, improving and optimizing this anode baking process is a key objective in the industry and the client considers PyroGenesis's plasma torches as part of that solution set.

"Once again, we have yet another agreement underscoring the applicability, and timing, of PyroGenesis's offerings within the aluminum industry," said P. Peter Pascali, chief executive officer and chair of PyroGenesis. "Global aluminum producers face increasing metal demand, rising energy costs, higher market prices for high-quality aluminum and new restrictions to meet carbon emissions targets. This agreement is a direct result of our increased sales efforts and R&D [research and development], targeting innovative new uses of our ultrahigh heat expertise and plasma-based solutions. As stated in our aluminum business line update release of April 20, the upstream opportunities are numerous and continue to provide additional opportunities for PyroGenesis's plasma processes. In this particular case, the client has informed us that a typical anode baking furnace of three fires requires 144 gas burners of 200 kilowatts each, with the largest anode baking plants operating up to seven furnaces with four fires each. This clearly illustrates the magnitude of this opportunity."

Under the scope of this agreement, the performance of PyroGenesis's plasma torches will be analyzed and the temperature distributions and flame characteristics will be determined. The results will provide third party validation of the potential in replacing conventional oil and gas burners in carbon anode baking facilities with PyroGenesis's plasma torches.

"The potential to replace, at a single plant, more than 1,000 gas burners with our clean plasma torches, is significant both in terms of (i) productivity and (ii) emission reduction," continued Mr. Pascali. "As such, we look forward to undertaking this project together with our client -- a neutral, independent highly regarded engineering and technology firm, who has been recommending improvements to the aluminum industry for almost half a century."

About PyroGenesis Canada Inc.

PyroGenesis Canada, a high-tech company, is a leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) 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 and 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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