PyroGenesis Canada Inc. (TSX:PYR, NASDAQ:PYR) has said that through Pyro Green-Gas, a wholly-owned subsidiary, it has signed a contract with a North American lithium-ion battery recycler for the delivery of a system to decontaminate the dust generated during the battery recycling process.
While the value of the contract must remain confidential, the company confirmed that it is over $500,000 and under $1 million, adding that the client’s name will also remain confidential for competitive reasons.
Under the scope of the contract, PyroGenesis said it will design and fabricate a system with a volume capacity of up to 4000 Nm3/h (normal cubic meter per hour). This represents the combined exhaust from shredding battery materials, and handling and transfer via pneumatic conveying of the powdered and granular materials resulting from the client’s proprietary process, it added.
“This agreement is an example of yet another industry requiring factory-ready technology solutions that fit within the decarbonization and energy transition value chains,” PyroGenesis CEO and chair P. Peter Pascali said in a statement.
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“With the growth of the electric vehicle (“EV”) market, and the resulting demands on battery producers to find closed-loop solutions to battery production and commodity recovery, we are pleased to showcase, in this contract, the engineering and emission-reduction expertise of Pyro Green-Gas to battery recyclers, producers and the EV industry as a whole,” Pascali added.
PyroGeneis said the client has a unique process that rescues the highest percentage of scarce minerals and strategic materials – such as cobalt, lithium, and manganese – from disassembled lithium-ion batteries, while mitigating hazardous chemicals and heavy metals, for industry-leading sustainability.
The efficiency and compact design of the system proposed by Pyro Green-Gas is expected to provide highly effective destruction of airborne contaminants with minimal energy use, resulting in reduced operating costs and environmental impact for the client, the company said. With the acceleration of the energy transition in the automotive sector, it said technologies for the abatement of atmospheric pollutants are key to lowering greenhouse gas emissions.
“The advantages of PyroGenesis’ solution, combined with a competitive cost and rapid execution were key to securing the bid,” Pascali added. “Delivery of this contract is expected in June 2023.”
PyroGenesis Canada is a leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions that reduce greenhouse gases, and are economically attractive alternatives to conventional "dirty" processes.
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