PyroGenesis Canada says it has received a $6M plasma torch order with major iron ore pelletizer

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By Proactive Investors. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
PyroGenesis Canada Inc CEO Peter Pascali tells Proactive the group has received an order to supply four high-powered plasma torches together with ancillary equipment to a client (Client B) for about $6 million. Pascali says Client B is a multi-billion-dollar international producer of iron ore, and Client B’s objective is to reduce greenhouse gases by replacing its fossil fuel burners with PyroGenesis’ proprietary plasma torches. He adds Client B has advised it that, upon the successful implementation of the four torches, the subsequent orders are expected to be for about 130 plasma torches.

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