PyroGenesis Signs $1.3 Million Energy Transition Contract

Executive Summary

• PyroGenesis Inc. signed a EUR 815,000 (CAD 1.324 million) contract to supply a plasma torch system for the electrification of a calcination furnace to a European cement industry customer (client name confidential).
• The contract supports the client’s multi‑year initiative to replace fossil‑fuel combustion with electric plasma heating in cement production, targeting emissions reductions and net‑zero goals.
• Delivery of the plasma torch is scheduled for early Q3 2026, with an initial 9‑month test phase followed by potential larger‑scale deployment.

Key Details

• Contract Value: EUR 815,000 (approximately CAD 1.324 million).
• Customer: Unnamed European cement industry leader (confidential for competitive reasons).
• Product: Proprietary plasma torch system designed for integration into a calcination furnace.
• Purpose: Provide a cleaner, more efficient electric heating method to reduce CO₂ emissions from the calcination step in cement production.
• Scope: Supply of plasma technology; client will evaluate a CO₂‑powered plasma torch using captured CO₂ in a closed‑loop system.
• Testing Period: 9 months as part of a multi‑year initiative to demonstrate electric heating substitution for fossil fuels.
• Timeline: Delivery targeted for early Q3 2026.
• Strategic Impact: Aligns with cement industry decarbonisation targets (20% CO₂ reduction per ton by 2030, full decarbonisation by 2050) and positions PyroGenesis as a key supplier of plasma‑based heating solutions.
• Previous Disclosure: The contract was initially referenced in the Outlook section of PyroGenesis’ Q2 2025 financial results press release (dated August 6 2025).

Notable Quotes

“The cement industry is under mounting pressure to shift toward cleaner technology for their high temperature process steps,” said Mr. P. Peter Pascali, President and CEO of PyroGenesis. “Transitioning production methods, using plasma as a heating source, is not just a way to boost operational efficiency, but a vital way to achieve the sector’s long‑standing net‑zero emission reduction goals.”