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PyroGenesis Unit Secures $725,000 Contract with Global Environmental Services Company
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PyroGenesis Unit Secures $725,000 Contract with Global Environmental Services Company
Feb 18, 2025 6:33 AM

09:11 AM EST, 02/18/2025 (MT Newswires) -- PyroGenesis ( PYRGF ) said Tuesday that its subsidiary Pyro Green-Gas signed a $725,000 contract to provide services to a global environmental services company.

The contract covers engineering, design, fabrication and delivery of a large array of components related to biogas cleaning and purification. The technology will be installed at an organic waste-to-energy facility in the U.S. that would produce natural gas.

Under the contract, Pyro Green-Gas will supply components known as condensate pots that will be strategically placed within the biogas production infrastructure to collect and separate water from the biogas.

PyroGenesis ( PYRGF ) said the contract is in addition to the $2.5 million contract announced in January for the design and delivery of gas flaring components.

"This additional contract with this highly regarded global leader in environmental services showcases the long-standing ability of our team of engineers to deepen relationships with key players across a variety of heavy industries," said P. Peter Pascali, president and CEO of PyroGenesis ( PYRGF ).

The contract is expected to be completed in 2025.

PyroGenesis' ( PYRGF ) share price fell 1.6% on Friday to $0.63 on the TSX.

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