PyroGenesis announces the launch of a new ZCE hydrogen production process following the filing of international patent applications
MONTREAL, 08 Dec. 2021 (GLOBE NEWSWIRE) – PyroGenesis Canada Inc. (http: //pyrogenesis.com) (NASDAQ: PYR) (TSX: PYR) (FRA: 8PY), a high technology company (hereinafter referred to as the “Company” or “PyroGenesis”), which designs, develops, manufactures and markets advanced plasma processes and sustainable solutions to reduce greenhouse gases (GHGs), today announced the launch of a new technology for producing zero carbon hydrogen (“ZCE”) that is expected to compete with conventional technologies to produce a environmentally friendly hydrogen. PyroGenesis’ new hydrogen production technology is now entering a test phase and is expected to convert methane (a GHG with high global warming potential) into hydrogen, creating ZCE hydrogen. The conventional ZCE process, the electrolysis of water, is extremely expensive, requires a lot of energy and uses rare earths. The accumulation of GHGs in the atmosphere contributes to global warming. Under the Paris Agreement, 191 countries have pledged to limit GHGs, while many territories, including the European Union, have pledged to be carbon neutral by 2050.
“The conventional method of producing hydrogen is called ‘Steam Methane Reforming’, which produces GHGs as a result,” said P. Peter pascali, CEO and President of PyroGenesis. “Another technology used to produce hydrogen is called ‘water electrolysis’. It has been around for many years and is considered ZCE technology. The hydrogen generated from this process is generally referred to as “green hydrogen”, but it is recognized (i) to be relatively expensive, (ii) to require a lot of energy and (iii) to use rare earths. PyroGenesis’ new technology should combine the best of both worlds; it should be less expensive than any existing hydrogen process while still producing ZCE hydrogen. The hydrogen generated by this process is called “turquoise hydrogen”. The Company does not expect this new process to compete with its iron ore pelletizing offering where fossil fuel burners are replaced by plasma torches but, in fact, would complement these plasma torch offerings by providing an alternative to hydrogen elsewhere in the manufacturing process. ”
PyroGenesis has filed an international application No. PCT / CA2021 / 000099 with WIPO (World Intellectual Property Organization) entitled “Production of hydrogen from hydrocarbons by plasma pyrolysis”. This PCT application covers the Company’s process for producing hydrogen from methane and other light hydrocarbons using thermal plasma without generating GHGs.
PyroGenesis’s technology claims a theoretical cost of electricity that is 3 times lower than that of electrolysis of water to produce the same amount of hydrogen, making it one of the most energy efficient technologies to produce electricity. hydrogen ZCE. The technology would be easily scalable and its investment cost per unit of hydrogen production is comparable to that of steam methane reforming technology, the most established commercial technology for producing hydrogen.
The combustion of hydrogen ZCE for heating in industrial processes and in transportation generates water vapor as a combustion by-product, instead of carbon dioxide, thus reducing GHG emissions around the world. As a result, many industrial processes seek to replace fossil fuels and reactants such as coal, oil, and natural gas with ZCE hydrogen. In the steel industries alone, ECZ consumption is expected to increase from 0.5 million tonnes per year in 2020 to 12.5 million tonnes in 2030.1 Again, the Company does not expect this new process to compete with its iron ore pelletizing offering where fossil fuel burners are replaced by plasma torches but, in fact, would complement those offerings. of plasma torches by providing an alternative to hydrogen elsewhere in the manufacturing process. .
“The filing of our provisional patent application in the United States, as well as the international PCT application, is an important step as we move forward in launching a new method of producing ZCE hydrogen through a reliable and energy efficient plasma process, ”said Pierre Carabin, Chief Technology Officer. PyroGenesis Officer and Chief Strategist. “There is a strong demand for technologies using clean, renewable electricity. Currently, the only commercially available process for producing clean hydrogen is the electrolysis of water. In this process, electrical energy is used to convert water into hydrogen and oxygen. However, the electrolysis of water process suffers from several drawbacks, including high energy consumption and the need for a large amount of scarce materials, which is not sustainable. We believe that our new proprietary hydrogen production process will be much more energy efficient, cost effective and scalable than other forms of hydrogen production. ”
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a high technology company, is a leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions that reduce greenhouse gases (GHGs) and constitute economically interesting alternatives to conventional “dirty” processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are reviewed and adopted by several multi-billion dollar industry leaders in four massive markets: iron ore granulation, aluminum, waste management and additive manufacturing. With a team of experienced engineers, scientists and technicians working from its Montreal office and its 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis maintains its competitive edge by staying at the forefront of the industry. technology development and commercialization. Operations are ISO 9001: 2015 and AS9100D certified, having been ISO certified since 1997. For more information, please visit: www.pyrogenese.com.
This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “have l ‘intention’, ‘expect’, ‘pending’ and other similar expressions that constitute ‘forward-looking information’ within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectations and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties, including, but not limited to our expectations regarding market acceptance of our products, our strategy for developing new products and improving the capabilities of existing products, our strategy research and development, the impact of competitive products and prices, the development of new products and the uncertainties associated with the regulatory approval process. These statements reflect the Company’s current views with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time to time in the Company’s pending files with regulatory authorities. securities, which documents can be viewed at www.sedar.com, or to www.sec.gov. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company assumes no obligation to publicly update or revise forward-looking statements as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the Toronto Stock Exchange nor its regulatory services provider (as that term is defined in the policies of the Toronto Stock Exchange) nor the NASDAQ Stock Market, LLC accept responsibility for the adequacy or accuracy of this press release.
SOURCE PyroGenesis Canada Inc.
For more information, please contact:
Rodayna Kafal, Vice-President Investor Relations and Strategic Business Development
Phone: (514) 937-0002, Email: [email protected]
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1 IEA, “Hydrogen”, IEA, Paris, 2021. https://www.iea.org/reports/hydrogen