PyroGenesis Inks JV Agreement To Convert Aluminum Dross Residues Into Chemical Products
Benzinga
Sep. 27, 2021, 04:18 PM
- PyroGenesis Canada Inc (NASDAQ:PYR) has signed joint venture and license agreements with a residue processor to transform dross residues into high-value chemical products.
- The 50:50 JV will be geared towards building, installing, and operating dross residue valorization facilities worldwide.
- Through the JV, PyroGenesis has secured an exclusive license to a patented technology expected to convert dross residues into high-value chemical products.
- Under the terms of the JV, the exclusive access to the technology initially applies to projects in North America and the Gulf Cooperation Council nations.
- The first plant, which will be built after securing a contract to process dross residues, has been identified within the Gulf Region. Discussions to secure and process those residues have taken place, the company noted.
- Price Action: PYR shares closed higher by 4.26% at $4.16 on Monday.
