PyroGenesis Canada Inc CEO Peter Pascali tells Proactive the group has received an order to supply four high-powered plasma torches together with ancillary equipment to a client (Client B) for about $6 million.
Pascali says Client B is a multi-billion-dollar international producer of iron ore, and Client B’s objective is to reduce greenhouse gases by replacing its fossil fuel burners with PyroGenesis’ proprietary plasma torches. He adds Client B has advised it that, upon the successful implementation of the four torches, the subsequent orders are expected to be for about 130 plasma torches.