PyroGenesis Inc. Completes Major Project with Tata Steel

In a significant development for the industrial sector, PyroGenesis Inc., a Montreal-based environmental solutions company, has announced the successful completion of a major project with Tata Steel, one of the world’s largest diversified steel producers. This project, valued at $9.3 million, involved the valorization of coke-oven gas and the production of hydrogen, marking a pivotal step in the company’s mission to support heavy industry in their energy transition and emission reduction efforts.

Project Overview

The project, spearheaded by PyroGenesis’ subsidiary, Pyro Green-Gas Inc., focused on the purification, desulphurization, and removal of heavy hydrocarbons from coke-oven gas. This initiative not only enhances the efficiency of Tata Steel’s operations but also aligns with global sustainability goals by reducing emissions and promoting cleaner energy sources.

Technological Innovation

PyroGenesis is renowned for its proprietary plasma technologies, which are at the heart of its waste-to-energy systems and plasma torch products. These advanced all-electric plasma processes are designed to gasify and vitrify waste without generating hazardous by-products, showcasing the company’s commitment to environmental stewardship.

Market Impact

Despite the positive news, PyroGenesis’ stock has faced challenges, with a close price of 0.455 CAD on July 13, 2025, and a 52-week low of 0.425 CAD on April 10, 2025. The company’s market capitalization stands at 84,290,000 CAD, and it currently has a negative price-to-earnings ratio of -11.85. These figures reflect the broader market conditions and investor sentiment, which may be influenced by various factors beyond the company’s recent achievements.

Future Prospects

The completion of the Tata Steel project positions PyroGenesis as a leader in the field of sustainable industrial solutions. As industries worldwide continue to prioritize energy transition and emission reduction, PyroGenesis’ innovative technologies are likely to play a crucial role in shaping the future of heavy industry.

For more information about PyroGenesis and their offerings, interested parties can visit their website at www.pyrogenesis.com . The company remains listed on the Toronto Stock Exchange, where it continues to pursue its mission of providing sustainable solutions to global industrial challenges.