PyroGenesis Canada Inc. (TSX:PYR, OTCQX:PYRGF) subsidiary Pyro Green-Gas has signed contracts totalling $1.3 million with an India-based global steel company for the development and supply of technology to desulphurize coke oven gas.
The company said that under the terms of the contracts, Pyro Green-Gas will provide engineering and mechanical solutions for the removal of hydrogen sulfide from coke oven gas during the cooking process. It said the cleaned gas would then be converted into reusable hydrogen.
The client, whose name is being withheld for competitive reasons, is one of the largest steelmakers in India with 2023 revenue exceeding US$20 billion. They are the second billion-dollar company in India to work with Pyro Green-Gas.
PyroGenesis highlighted that these contracts represent another example of the company addressing an emission reduction need within steelmaking.
“This announcement highlights our organization’s continued commitment to providing sustainable solutions for heavy industry, this time via our wholly-owned subsidiary’s coke oven gas cleaning and purification solution,” CEO P. Peter Pascali said.
The steelmaking industry releases more than 3 billion metric tons of carbon dioxide per year making it responsible for between 7% and 10% of global greenhouse gas emissions, according to the company.
“These contracts underscore once again, our strategic focus on addressing the emission reduction needs of large-scale industrial sectors. Given the size and breadth of the industry’s emission reduction requirements, steelmaking is a primary focus/target area for such advancements,” Pascali said.
“By leveraging factory-ready technologies, our goal is to become a world leader in facilitating heavy-industry’s transition towards more environmentally friendly practices while at the same time recognizing their unique operational requirements.”
PyroGenesis designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases.
Subsidiary Pyro Green-Gas offers technologies, equipment, and expertise in the area of biogas upgrading, as well as air pollution controls.