PyroGenesis Canada (TSE:PYR) has released an update.
PyroGenesis Canada Inc. has inked a $450K deal with an anonymous U.S. entity for a plasma torch/furnace system to aid in developing environmentally friendly cement. This innovative system, partly funded by the U.S. Department of Energy, could revolutionize the cement industry by replacing fossil-fuel burners with electric plasma torches, significantly reducing CO2 emissions. The contract, which could lead to future projects, is aligned with PyroGenesis’ commitment to sustainable solutions and emissions reduction in heavy industries.
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