PyroGenesis Canada (TSE:PYR) has released an update.
PyroGenesis Canada Inc., a company specializing in plasma processes and sustainable solutions, has signed a contract with a top-five global steelmaker to explore the use of its electric plasma torches in steel production. The collaboration aims to assess plasma technology’s feasibility as a primary heat source in the steelmaking process, potentially leading to a live experimental validation. This partnership underscores the steel industry’s move towards decarbonization and PyroGenesis’s growing influence in providing environmentally conscious innovations.
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