CO ₂ EMISSIONS / LACK THEREOF

While compressive strength is key to overall product viability, the reduction of CO₂ emissions achieved by using PyroGenesis’ plasma technology, a low carbon emitting process, has the potential to offer further “green” benefits.

CO₂ emissions within a product lifecycle are defined globally within 3 categories: Scope 1, Scope 2, and Scope.

Generally speaking:

• Scope 1 emissions are direct greenhouse gas emissions caused by the company’s production processes.
• Scope 2 emissions are indirect emissions, that factors in the use of energy purchased externally (and the CO₂ created as a result of that energy being originally produced).
• Scope 3 emissions represent the CO₂ emissions from operations upstream and downstream of the company’s operations, such as raw material production, transportation, waste, and end of life remediation.
  
  

When compared to other traditional cement additives, the production of PozPyro may result in dramatically lower CO₂ emissions. For the purposes of the graph below, Scope 2 emissions regarding electricity usage have been factored into PozPyro’s emission level. Without these Scope 2 emissions, the greenhouse gas emissions released during the production of PozPyro may be virtually zero.

Image 3: A comparison of CO₂ emitted during the production of 1 tonne of PozPyro vs. other cement additive products. CO₂ emission assigned to PozPyro comes from production of electricity subsequently used by the process, not from the process itself.

“These are the best results we have ever seen in an alternative cementing material. The fact that silica-based cements do not off gas CO₂ is an additional bonus to the exceptional compressive strength results,” added Steve Gurney, President of Progressive Planet.

Image 4: A zero-CO₂, energy-efficient conversion of crystalline quartz to amorphous silica through PyroGenesis’ plasma process.

POTENTIAL ADRESSABLE MARKET

According to Progressive Planet’s press release of today, it was noted that the North American cement market size reached 194.2 million US tons in 2023, and they expect that it will reach 279.8 million tons by 2032, reflecting an annual growth rate of 4% between 2024 and 2032. Assuming that pozzolanic cements could be a substitute for 20% of Portland Cement, the total addressable North American market is projected to reach over 55 million tons by 2032. At a projected price of US$200 per ton by 2032, the potential market is over $11 billion USD per annum by that time.

NEXT STEPS: PILOT PLANT

Now that the compressive strength of PozPyro has been validated, the next critical step is to progress towards the Pilot Plant stage. In preparation for this phase, an engineering feasibility study will be conducted over the next several months. This comprehensive study will focus on quantifying various critical elements to ensure the economic viability of the pilot plant operations. Key considerations will include maximizing heat recovery and other efficiency metrics, which are essential for sustainable and cost-effective production.

We are committed to rigorous evaluation and optimization processes, aiming to address all technical and economic aspects of the pilot plant. Updates on our progress and findings from the feasibility study will be provided in due course, as we move closer to achieving a fully operational pilot plant that meets our high standards for innovation and efficiency.

PyroGenesis’ involvement in developing PozPyro from quartz is part of PyroGenesis’  three-tiered solution ecosystem that aligns with economic drivers that are key to global heavy industry. PozPyro is part of PyroGenesis’ Commodity Security & Optimization tier, where the recovery of viable metals and the optimization of production to increase output helps to maximize raw materials and improve the availability of critical minerals.

About PyroGenesis Canada Inc.

PyroGenesis Canada Inc., a high-tech company, is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional “dirty” processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800 m² and 2,940 m² manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. For more information, please visit: www.pyrogenesis.com.

About Progressive Planet

Progressive Planet is a CleanTech and manufacturing company with proven product lines based in Kamloops, British Columbia. The company’s expertise lies in developing critical low-carbon and carbon sequestering solutions using our owned mineral assets and recycled materials to create planet-friendly products that fight climate change and protect our planet's health.

Progressive Planet products are in 10,000+ retail stores across North America. Progressive Planet’s innovations, created at their C-Quester™ Centre of Sustainable Innovation, bring positive disruption to the cement, agricultural and animal-care sectors.

Cautionary and Forward-Looking Statements

This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance.

Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under “Risk Factors” in the Company’s latest annual information form, and in other periodic filings that the Company has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under the Company’s profile on SEDAR+ at www.sedarplus.ca. These factors are not intended to represent a complete list of the factors that could affect the Company. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to publicly update or revise any forward-looking statement, except as required by applicable securities laws.