PyroGenesis Canada Inc. (OTCQB:PYRNF, TSX VENTURE:PYR) demonstrated that it can transform high purity quartz into silicon metal with its PUREVAP™ Quartz Vaporization Reactor at a lower cost, while generating less CO2 emissions than current processes.
The silicon metal, solar grade silicon metal and electronic grade silicon metal markets combined was worth over US$12B in 2014 propelled by increased demand for photovoltaic solar panel systems.
Nearly 10% of the global metallurgical grade silicon metal produced in 2014 was further refined into solar grade silicon metal and polysilicon, worth an additional US$6B. Installed photovoltaic solar panels demand will grow 15% to 23% annually and access to solar grade silicon metal will be a limiting factor in photovoltaic growth.
PUREVAP™ is a proprietary process that uses a plasma arc within a vacuum furnace to produce high purity, metallurgical grade silicon (MG-Si), solar grade silicon (UMG Si) and polysilicon from quartz in just one step. Peter Pascali, President and CEO of PyroGenesis stated “PUREVAP™ is a disruptive process that has the ability to revolutionize the way the mining & metallurgy industry produces metals.”
PyroGenesis stock is interlisted on the OTCQB and TSX Venture exchanges and has had a 52 week range $0.1244 to $0.327 currently trading at $0.20 on above average volume as of this post.