PyroGenesis Secures $2.4 Million Contract with Norsk Hydro ASA: A Strategic Move in Energy Transition

PyroGenesis Inc., a high-tech company specializing in advanced plasma processes and sustainable solutions, has signed a $2.4 million contract with Norsk Hydro ASA, a major global aluminum company. This strategic partnership will see PyroGenesis provide its proprietary plasma torch technology to Norsk Hydro, marking a significant milestone for PyroGenesis' expansion into the metals and mining sector.

The contract involves the application of PyroGenesis' fully electric plasma torches in Norsk Hydro's metal cast houses, aiming to replace burners that emit significant CO2. This initiative aligns with Norsk Hydro's energy-transition and decarbonization goals, as well as PyroGenesis' mission to reduce greenhouse gas emissions. The test, expected to be completed within the next 10 weeks, will generate relevant data to support the potential replacement of fossil fuel burners with PyroGenesis' plasma torch technology.

This contract with Norsk Hydro ASA is a significant step for PyroGenesis, as it represents the company's entry into the metals and mining sector and further validates the versatility and adaptability of its technology. The contract aligns with PyroGenesis' overall strategy for growth and expansion in the energy sector, as it allows the company to diversify its revenue streams, expand its client base, and demonstrate the potential of its plasma torch technology in various industries.

In conclusion, PyroGenesis' $2.4 million contract with Norsk Hydro ASA is a strategic move that positions the company as a key player in the global energy transition. By providing innovative solutions to reduce greenhouse gas emissions, PyroGenesis is well-positioned to capitalize on the growing demand for sustainable and low-carbon technologies in the metals and mining sector.