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The latest announcement is out from PyroGenesis Canada ( (TSE:PYR) ).
Recent testing has demonstrated that PyroGenesis’ plasma torches can significantly reduce operational energy requirements by up to 45% compared to traditional diesel burners, particularly in the destruction of PFAS chemicals. This advancement indicates substantial operational cost savings and emissions reduction, further supporting the transition from fossil fuels to more sustainable solutions. The data underscores a strong business case for adopting PyroGenesis’ technology, offering companies the potential to lower costs, enhance productivity, and boost profitability by increasing production rates by up to 30% due to reduced melting times.
More about PyroGenesis Canada
PyroGenesis Inc. is a high-tech company that specializes in designing, developing, manufacturing, and commercializing advanced all-electric plasma processes and sustainable solutions. The company supports heavy industry in their energy transition, emission reduction, commodity security, and waste remediation efforts.
YTD Price Performance: -3.28%
Average Trading Volume: 69,437
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$108.6M
For a thorough assessment of PYR stock, go to TipRanks’ Stock Analysis page.
