PyroGenesis Canada (TSE:PYR) has released an update.
PyroGenesis Canada Inc. has secured a $2.5 million contract to supply a greenhouse gas-reducing system for the Varennes Carbon Recycling biofuel project, a $1 billion initiative backed by a consortium including Shell and Suncor. The Montreal-based high-tech firm’s subsidiary, Pyro Green-Gas, will deliver a thermal swing adsorption system to dehydrate oxygen for the plant, which aims to cut 170,000 tonnes of emissions annually. The system is a part of PyroGenesis’ portfolio of sustainable technologies designed to capture and recover CO2 and other gases, contributing to significant environmental benefits.
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