PyroGenesis Canada ( (TSE:PYR) ) has shared an update.
PyroGenesis Inc. has signed a $2.4 million contract with Norsk Hydro ASA to test its plasma technology as a renewable alternative to fossil fuels in aluminum casthouse operations. This collaboration, part of Hydro’s aim to achieve net-zero emissions by 2050, could significantly impact the aluminum industry and other hard-to-abate sectors globally if successful.
More about PyroGenesis Canada
PyroGenesis Inc. is a high-tech company specializing in the design, development, manufacture, and commercialization of all-electric plasma processes and sustainable solutions aimed at supporting heavy industry in their energy transition, emission reduction, commodity security, and waste remediation efforts.
YTD Price Performance: -3.28%
Average Trading Volume: 67,073
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$108.6M
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