PyroGenesis receives multi-million dollar order for two DROSRITE™ furnace systems

PyroGenesis Canada Inc. a company that designs develops and manufactures plasma waste-to-energy systems and plasma torch systems has announced that it has received a multi-million dollar order for two DROSRITE™ furnace systems from an Asian client.

The Systems are the third and fourth commercial systems sold to date, and the first order from this new Client which are expected to be delivered in April 2019.

PyroGenesis’ DROSRITE™ system is a salt-free, cost-effective, sustainable process for maximizing metal recovery from dross, a waste generated in the metallurgical industry. PyroGenesis’ patented process avoids costly loss of metal while reducing a smelter’s carbon footprint and energy consumption, providing an impressive return on investment. The system has been designed to process and recover valuable metal such as aluminium, zinc and copper from dross.

“DROSRITE™ has been many years in the making; from the original paid-for-demonstration, to the delivery and acceptance of a first commercial unit, to a reorder from the same customer,” said Mr. Pierre Carabin, Chief Technology Officer of PyroGenesis. “This order, announced today, from a new Client, positions PyroGenesis as a solid provider of industrial furnaces to the metallurgical industry; particularly to the metal sector. PyroGenesis’ DROSRITE™ system provides exceptional return on investment to our customers, all with a green technology that has, in our opinion, no equivalent in the market.”

The press release also confirms that the previously announced paid-for-demonstration for zinc recovery in India is about to begin, and the trials are expected to be completed within the next ten weeks. It also says that the previously announced tolling discussions continue with potential joint venture partners.

“This double order, from a new Client, reflects the fact that DROSRITE™ is finally gaining acceptance. The addition of the mini DROSRITE™ (500 TPY), to our original offering (5,000 TPY), together with the decision to embrace tolling opportunities, has effectively positioned PyroGenesis as a one stop shop for dross processing,” said Mr. P. Peter Pascali, President and CEO of PyroGenesis.

Mr Pascali also talked about introducing new technologies to a conservative industry. The company, he said, had to prove that they could actually process dross without salt. He insisted on the value proposition DROSRITE offers to the aluminium industry.

He said that over 3,000,000 tonnes of aluminium dross produced per year generates a significant business opportunity for the company. The double order that came was the beginning of a long term business opportunity that would create additional value for shareholders.

PyroGenesis will be presenting its DROSRITE™ solution, and exhibiting at “Aluminium 2018” in Düsseldorf, Germany between October 9 and 11 (Hall 11, booth G50/06).