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PyroGenesis Signs $600,000 Contract Targeting Plastic Waste Problem in Europe
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PyroGenesis Signs $600,000 Contract Targeting Plastic Waste Problem in Europe
Jul 2, 2025 6:32 AM

09:09 AM EDT, 07/02/2025 (MT Newswires) -- PyroGenesis ( PYRGF ) said Wednesday that it signed a $600,000 contract to expand its relationship with one of the world's largest integrated environmental services companies.

PyroGenesis ( PYRGF ) said the expanded contract includes developing a solution for the plastic waste problem in Europe. The project covers engineering and testing of an advanced waste management solution targeting both non-recyclable plastics and other forms of hazardous liquid waste.

The unnamed client operates more than 100 waste treatment sites and facilities across Europe, PyroGenesis ( PYRGF ) said.

"With today's announcement, PyroGenesis ( PYRGF ) hopes to develop a plasma-based technology solution toward this major challenge facing the European continent," said P. Peter Pascali, president and CEO of PyroGenesis ( PYRGF ). "This is the third project we have announced with this client in recent months, and this multi-project relationship, crossing two continents, underscores the growing appeal our solutions have with large, diversified companies that have a wide variety of technical challenges requiring unique solutions."

PyroGenesis' ( PYRGF ) share price gained 1.1% on Monday to $0.45 on the TSX.

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