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PyroGenesis Receives $4.1 Million Payment for Drosrite™ Systems under CAD$25 Million Contract with Radian Oil and Gas Services Company

Jun 27, 2024•almost 2 years ago

Contract Type

contract

Montreal

Description

PyroGenesis Canada Inc. announced the receipt of a CAD$4.1 million payment for Drosrite™ aluminum dross recovery systems under a CAD$25 million contract with Radian Oil and Gas Services Company. The delivery of the first three systems took place for the Ma’aden aluminum plant in Ras Al-Khair Saudi Arabia, and an outstanding amount of approximately CAD$6.2 million (USD$4.5 million) plus storage fees is now due.

Company Information

Company

PyroGenesis Canada

Location

Montreal, Quebec, Canada

About

PyroGenesis Canada Inc., a high-tech company, is a leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG), and are economically attractive alternatives to conventional “dirty” processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997.

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