PyroGenesis Canada (PYR) has signed a collaboration agreement with Constellium (CSTM) to develop plasma torches and associated processes as suitable heating sources for aluminum remelting furnaces. This announcement is further to the Company’s press releases dated April 20, 2022, and March 31, 2023, which provided updates on its aluminum business offerings, and after the recent successful completion of an initial joint evaluation of plasma technology in aluminum melting test furnaces. PyroGenesis and Constellium have agreed to implement an industrial scale aluminum remelting furnace, which would serve Constellium’s decarbonization strategy. The project would consist of two phases: conducting feasibility studies and engineering; and implementing a demonstrator plasma-heated furnace system in one of Constellium’s aluminum casthouses.
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