PyroGenesis Announces “Energy Transition” Contract with a Major European Multinational Chemical and Energy Conglomerate

January 12, 2023

https://www.globenewswire.com/news-release/2023/01/12/2587778/0/en/PyroGenesis-Announces-Energy-Transition-Contract-with-a-Major-European-Multinational-Chemical-and-Energy-Conglomerate.html

MONTREAL, Jan. 12, 2023 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX:PYR) (NASDAQ:PYR) (FRA: 8PY), a TSX30® and a Deloitte Technology Fast 50TM high-tech company (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG), is pleased to announce that the Company has signed an initial contract with a major European multinational chemical, oil, and gas conglomerate with 2021 revenues exceeding USD$25 billion (the “Client”) to assess the applicability of PyroGenesis’ fully electric plasma torches for use in its Client’s chemical production process (the “Agreement”). The Client’s name shall remain anonymous for competitive and confidential reasons.

Read more at globenewswire.com

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