PyroGenesis Canada Inc. (TSX:PYR, NASDAQ:PYR) announced that an independent structural and chemical analysis has been successfully carried out on fumed silica produced by its partner HPQ Silica Polvere, a wholly owned subsidiary of HPQ Silicon.
Additionally, PyroGenesis announced that production of the fumed silica pilot plant is underway and is expected to commence operations in the second quarter of 2024.
This comes as an independent analysis by McGill University has validated the commercial quality of the fumed silica material, highlighting its hydrophilic nature, high surface area, and thickening efficiency.
PyroGenesis is HPQ’s exclusive supplier of a technology able to convert quartz into commercial-grade fumed silica in a single step.
Under the terms of the collaboration, PyroGenesis will receive a royalty payment of 10% of the client’s eventual sales with set minimums. This at any time can be converted by PyroGenesis into 50% ownership of HPQ’s remaining equity stake in HPQ Polvere.
“This latest development underscores, once again, the advantages of the fumed silica reactor we have developed for HPQ Polvere and aligns perfectly with our commitment to environmental responsibility,” PyroGenesis CEO P. Peter Pascali said in a statement.
“The technology developed by PyroGenesis for HPQ Polvere offers significant economic advantages over conventional manufacturers. Its unique capability not only improves profitability but also reduces the environmental footprint associated with fumed silica production, thus contributing to greenhouse gas emissions reduction and enabling the industry to move towards a more sustainable and environmentally friendly future – all key criteria that we feel will be of great interest to the parties who have already requested samples under non-disclosure agreements (NDA) with HPQ.”
PyroGenesis is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases and are economically attractive alternatives to conventional “dirty” processes.
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