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PyroGenesis signs $1M contract to develop plasma-based graphite production system

MONTREAL — PyroGenesis signs a $1 million contract with an entity engaged in the production of graphite.

The first phase of the contract is for the design and delivery of a customized pilot-scale plasma reactor and associated testing system. Upon the successful completion of this phase, the next step would be the development of a full-scale graphite production plant for which PyroGenesis will have exclusive rights.

“Graphite is considered to be a critical mineral that is widely used across manufacturing. It is used in the production of numerous essential materials and products including glass and steel, as well as in the processing of iron, the creation of batteries and pencils, automotive brake linings, and even in some nuclear reactor cores,” said P. Peter Pascali, president and CEO of PyroGenesis.

“In this program, graphite has been identified as having a distinct potential to spur Canadian economic growth due to its necessity as an input for priority supply chains. If we are successful in using plasma to extract and valorize graphite at the level that we believe we can, the road ahead for this unique production technique could be very rewarding,” Pascali added.

Under the terms of this contract, PyroGenesis will design and build a system tailored for pilot-scale production of graphite using plasma. Additionally, PyroGenesis has negotiated a 10 per cent royalty on future gross revenues generated from an initial commercial graphite production plant built by the client, and a 5 per cent royalty on any subsequent plants.